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Ninety days after Hurricane Sandy struck the Northeast, the U.S. Small Business Administration crossed the $1 billion threshold of approved loans to more than 16,800 homeowners, renters and businesses. This makes Hurricane Sandy, in terms of SBA disaster lending, the third largest natural disaster in U.S. history, behind Hurricanes Katrina/Rita/Wilma ($10.8 billion), and the Northridge Earthquake ($4 billion). To put this massive storm and the coordinated federal recovery effort into context, the SBA has approved more loans for more money to...
Are you a woman-owned business looking to get a slice of the more than $400 billion dollar federal contracting pie? Under the new National Defense Authorization Act of 2013, the SBA will make changes to its Women-Owned Small Business Federal Contract Program to help women-owned small businesses get more federal contracts and help the federal government meet and exceed its statutory five percent women’s contracting goal. How Will the National Defense Authorization Act of 2013 Affect Women-Owned Small Businesses? Prior to the new...
Editor's Note: This blog is co-authored by GSA Acting Administrator Dan Tangherlini and SBA Deputy Administrator Marie Johns. It was originally posted on GSA's blog. Sometimes small businesses looking to do business with the federal government just need a little help getting the process started. That’s why the U.S. General Services Administration, in partnership with the Small Business Administration, hosted a small business open house and procurement fair at its headquarters today in Washington, D.C. Delivering on President...
Major events like the upcoming Presidential Inauguration are an opportunity to celebrate our democracy. They can also help boost business sales. If you’re planning ahead for a big event, like DC small business owners are for the Inauguration, you can maximize the benefits and minimize the risks. In honor of President Obama’s second inauguration, here are a few tips to prepare your business for a major event. Staff Up and Stock Up Make sure you have enough staff members and products to accommodate the crowds. No one likes to...
President Obama recently signed the Fiscal Year 2013 National Defense Authorization Act (NDAA), which appropriates funds for military activities of the Department of Defense and other national security programs. You may be asking yourself, “Why am I reading about national security on the SBA website” Well, if you’re a small business and are doing business with the government, the NDAA includes a number of provisions that impact you. That’s why we thought it would be beneficial to highlight the top five things...
Editors note: This post is jointly authored by Treasury Deputy Secretary Neal S. Wolin and SBA Administrator Karen G. Mills. It was originally posted on Treasury's blog. Today, many taxpayers who qualify for the home office tax deduction are not claiming it. The reasons often cited are that businesses and filers do not fully understand the provisions or find it too complicated to calculate the amount. That is about to change. As part of ongoing efforts by the Administration to reduce paperwork burdens, the Internal Revenue Service (IRS)...
Are you a small business owner planning to visit Washington, DC for President Obama’s Inauguration? Are you a small business owner looking for more business? Are you a small business owner looking to partner with larger businesses or federal agencies on federal contract opportunities? If your answer is “yes”, then you don’t want to miss the Small Business Open House/Procurement Fair that will be held during an exciting weekend of Inauguration events hosted by the U.S. Small Business Administration,...
The 2012-2013 flu season arrived earlier than usual. As the nation braces for increased flu activity, now is the time to prepare yourself, your business, and your employees. Not only is prevention important for physical health, it may impact your bottom line if your staff are out sick. Here are some tips to help you avoid illness and maintain business continuity. 1. Identify a Workplace Coordinator -This person would be the single point of contact for all issues relating to a flu outbreak and be responsible for reaching out to community health...
America’s 28 million small businesses are the backbone of our economy. This past week, the Taxpayer Relief Act of 2012 delivered them some really good news. The solution reached by the President and Congress included extensions of several small businesses tax incentives designed to spur innovation, support capital investment, and make it easier to hire new workers. In fact, the legislation extended some of the most important tax credits that the President signed into law during his first term. In addition,...
President Obama has made creating a more efficient government a top priority. As part of this effort, he has called on Federal agencies to streamline their rules and requirements through reducing paperwork burdens. At the Small Business Administration, we’ve eliminated more than a hundred of pages of paperwork from our loan applications and simplified our programs, increasing access and opportunity for America’s small businesses and entrepreneurs and saving them time. For example, we created a simpler application...
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by James Rivera, SBA Official on Wednesday, January 30, 2013 - 14:22