President Barack Obama’s first-ever Twitter Town Hall at the White House sparked some great questions about small business. To keep the conversation going, we launched Your #smallbiz Twitter Town Hall Questions blog series last week. This week, we’re answering your questions about business opportunities for young entrepreneurs and green business. @ymbinc– #AskObama JOBS-Can your administration setup SBA loans for college students with business ideas to create JOBS & how could they get it? As...
When a friend or family member asks what you do to help small businesses, what do you say? I’m the Correspondence Liaison for SBA’s Office of Capital Access. That means I work closely with our people at SBA who work with Congress and the White House to help small business owners with everything from what resources are out there to help people start a business… to researching specific issues they may be having with their SBA loan… and more. What’s your favorite thing about what the SBA does for small...
This week, Health and Human Services Secretary Kathleen Sebelius announced a major step forward in helping small businesses benefit from more “competition, choice, and clout” when they shop for health insurance coverage for their employees. As part of the new health care law that the President signed, the new “exchanges” will make it easier for small business owners to shop around for an affordable plan that meets their needs. With today’s announcement, each U.S. state now has guidance on how to set up...
Earlier this week, President Barack Obama answered a series of questions on jobs and the economy at the first-ever Twitter Town Hall at the White House. At the Small Business Administration, we were following along and reading all the great questions about small business. To keep the conversation going, we’re starting a new blog series where we respond to some of the questions that weren’t answered during the Town Hall. First up, we’re answering your questions about various government loan programs and access to capital...
Here’s a great video recap of what happened at National Small Business Week in Washington, D.C., last month. We had a great lineup of speakers from companies like Google, HonestTea, and YouTube. And, of course, we had small business owners from every state who told us their success stories. It was a great week, and we hope you’ll join us next year!
Today we released the federal government’s “Scorecard” on small business contracting for Fiscal Year 2010. As you might know, contracting is one of our 3 Cs of the SBA. It’s important because revenue from federal contracts and subcontracts helps small firms grow their business and create jobs. In FY2010, nearly $100 billion in contracts went to small businesses. That’s 22.7% of all federal contracting dollars, just shy of the government’s goal of 23%. Combined with last year’s...
Supporting growth and innovation in manufacturing is critical to helping America out-compete the rest of the world and create 21st-century jobs. On Monday, I was at DuPont in North Carolina holding a roundtable with manufacturers as part of the President’s meeting with the Council on Jobs and Competitiveness. I talked to a small business that designed a safer tool for doctors to use in surgery, and they hope to start hiring and manufacturing soon. In addition, I’ve talked to many more small manufacturers in recent weeks, from...
Last week, I joined Secretary of Agriculture Tom Vilsack and other members of the Obama administration for the first meeting of the White House Rural Council. The goal of the council is to advance policies that promote economic prosperity in rural America. I know the SBA will play an important role in this endeavor. Small businesses are part of the fabric of rural communities. They line Main Streets in small towns, and they are crucial job creators in rural economies. SBA is committed to helping these small businesses get the tools they need...
Throughout the spring, SBA officials have been on the road to talk with small business owners and members of the small business community about the Small Business Jobs Act. The Jobs Act is the most important piece of small business legislation in over a decade. We went on the road to talk about the tools that small businesses can take advantage of, as well as hear about how SBA can build on what's working as we continue to implement the over 60 provisions related to SBA in the Jobs Act. After the DC stop of the Jobs Act tour,...
At SBA, we are committed to improving the regulatory environment and making it easier for small businesses to grow and create jobs. This spring, the Startup America initiative went on the road to hold a series of Reducing Barriers roundtables. Top SBA and Obama administration officials heard directly from entrepreneurs and small business owners about how we can remove barriers to growth, at SBA and throughout the government. At the same time, President Obama has called for a government-wide review of rules and regulations to look at ways we...
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