We’re gearing up for National Small Business Week, which is May 18 through 20. This year’s theme is “Empowering Entrepreneurs.” That’s exactly what we want to do by offering four free educational forums for small business owners: Growing Your Business While on the Go will feature a presentation by entrepreneur Bill Rancic (the first-year winner of “The Apprentice”) on how a busy entrepreneur can keep their business going and growing. This will be followed by a panel discussion with executives from AT...
We’re constantly working to ensure that small businesses with big potential have the support they need to scale up and create hundreds – or thousands – of jobs. These high-growth firms are critical to helping America out-compete and out-innovate the rest of the world. Today, we launched a video series with ADP that profiles six entrepreneurs who have worked with the SBA to help create well-known American companies: Columbia Sportswear, Radio One, Allen Edmonds, Gymboree, Cerner Corporation, and Ruiz Foods. You can see a...
Today, President Obama signed a law that removes the expanded “1099” reporting requirement from the Affordable Care Act. This is a big win for small businesses. The SBA and President Obama supported repealing this provision, which would have required businesses to send 1099 forms for all purchases of goods and services over $600 annually. With this bipartisan effort, we have removed a requirement that would have been an undue barrier to small business growth. The many benefits of the health reform law for small businesses remain in...
President Obama set an ambitious, yet attainable goal of doubling US exports by 2015, and small businesses are leading the way. Often, the only tools a business needs to sell their goods and services overseas are a website and a broadband connection. At the SBA, we are working to increase the number of small businesses that export, and the number of countries they ship to. Our approach is simple: Identify. Prepare. Connect. Support. We start by identifying small businesses that are interested in exporting. We then work to prepare these...
Today, as part of continued improvements to SBA’s website, we launched a new online toolkit to help banks, credit unions and other financial institutions across America who lend to small businesses. Click on “For Lenders” at the top right of any page on SBA.gov, including this one. For those who are current SBA lenders, you can use the For Lenders site to easily download forms, find a service center, get current rates, and submit both applications and loan packages. For those who aren’t yet SBA lenders, you can find...
This week there are two opportunities for you to have your voice heard by the Administration. First, on Tuesday, Treasury Secretary Geithner and I are participating in a conference on access to capital. The conference is bringing together policymakers, entrepreneurs, investors, and others to look at how we can get more capital into the hands of small businesses. And we want to hear from you. If you have a question or an idea for us to discuss at the conference, email it to AccessToCapRSVP@treasury.gov by Monday evening. Next, as part of...
Today's post is from Jerry Flavin, Director, SBA Center for Faith-based and Neighborhood Partnerships Reaching out to underserved communities is a key mission of the Small Business Administration and the Office of Faith-based and Neighborhood Partnerships. SBA has programs that can transform neighborhoods and change lives; but, too often the people who could take advantage of these programs aren’t aware of them. I have been reaching out to faith-based and community organizations to support them in informing their congregants,...
Women’s History Month gives us a chance to reflect on the important role that women business owners play in our economy. When I was getting my start in business, women owned just five percent of companies. Today, they own close to 30 percent, and they are one of the fastest-growing segments of small business ownership. Also, the number of women in the labor force is equal to the number of men, and women have caught up to men in college attendance. Of course, as we learned in a new White House report, despite these gains in education and...
On Tuesday, I was in Cleveland with President Obama, a large contingent of his Cabinet, and about 150 small business owners. The President opened the day by telling the small business owners that the goal was “to hear from you, to gain your counsel, and to talk about how America can help you succeed so that you can keep helping America succeed.” In my breakout session on Entrepreneurship, we heard from 25 small business owners. The President stopped by and had the chance to talk with a barbecue restaurant owner, a portable...
Over the past two days, we celebrated the success of innovative small businesses that have grown, and we laid the groundwork for even more to follow in their footsteps. First, on Tuesday, I met with about 50 businesses that have collectively created tens of thousands of good jobs through the Small Business Innovation Research program. Each year, SBIR drives $2.5 billion in federal research and development dollars into the hands of small firms. The goal is to help entrepreneurs develop cutting-edge products and technologies that meet federal...
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