Note: This blog is by Erin Andrew, Assistant Administrator for SBA's Office of Women's Business Ownership October marks a very important milestone for women and for the U.S. Small Business Administration (SBA). This month we celebrate National Women’s Small Business Month and the 25th anniversary of the signing of the Women's Business Ownership Act of 1988 that established the Women’s Business Center Program and the National Women’s Business Council. The expanded opportunities created from the Women’s...
At SBA we’re always looking for ways we can better serve our customers—small business owners and entrepreneurs looking to start or grow their business. And we’re constantly looking for ways we can make it easier and cheaper for small business owners to reinvest in their business, expanding and creating jobs along the way. That’s why I was excited to announce today at the Woodrow Wilson Center that for all SBA-supported loans under $150,000 made after October 1 –the start of the new fiscal year-- the fees on...
Small businesses are the engine of our economy, and they create about two out of every three net new private sector jobs in the United States. At the U.S. Small Business Administration (SBA), our mission is to make sure that small business owners have the tools they need to do what they do best—providing great products and services, creating jobs and serving America’s communities in the process. At SBA, one of the most critical things we do is make sure that small business owners have access to the capital they need to...
One year ago this week, communities and small businesses across the Eastern seaboard experienced the devastating and tragic effects of Hurricane Sandy, one of the costliest natural disasters in U.S. history. We know that work remains to be done, and the Obama Administration continues to stand with the communities affected by the storm. At the U.S. Small Business Administration (SBA), our job is to make sure that small businesses have the tools and the resources they need to succeed at every stage. This includes helping America’s...
Note: This post is from Dennis Alvord, executive director of BusinessUSA Today, BusinessUSA turns two years old. On October 28, 2011, President Obama signed a memorandum aimed at making it easier for America’s small businesses and exporters to access government services. In the memo, the President cited a need to have “a government that wisely allocates its scarce resources to maximize efficiency and effectiveness, so that it can best support American competitiveness, innovation, and job growth.” And so...
The U.S. Small Business Administration has partnered with the National Black Justice Coalition (NBJC) to launch the 13-City tour “Many Faces One Dream.” Focusing on economic empowerment, Many Faces One Dream seeks to encourage members of the lesbian, gay, bisexual, and transgender (LGBT) community to pursue entrepreneurship. During the tour, participants will be grouped into two tracks: Starting Your Business – This track will provide training on the key elements of a business plan, loans, marketing and SBA’s...
The federal government has re-opened and that means the U.S. Small Business Administration (SBA) can get back to helping America’s 28 million small businesses do what they do best: create jobs and help grow our economy. As the President said, the shutdown had real consequences for America’s families, communities, and small businesses. During the shutdown, I heard stories from small business owners about contracts cancelled or put on hold, workers they had to furlough, and the potential for shift and staff reductions. ...
Two years ago, Vice President Biden and former U.S. Small Business Administration (SBA) Administrator Karen Mills announced that 13 of the nation’s largest banks had committed to collectively increase lending for small businesses by $20 billion over the course of a three-year commitment. And today, I’m pleased to announce that these 13 banks have already increased their total lending by roughly $17 billion in the past two years, putting them on track to meet their goal by the end of 2014. The continued success of this commitment is...
This month, the U.S. Small Business Administration (SBA) recognizes the vital contribution of Hispanic American small business owners to our economy as we observe and celebrate National Hispanic Heritage Month. We know that America’s 28 million small businesses are the engine of job creation in our country, and minority-owned businesses are one of the fastest-growing segments of new businesses in today’s economy. Last year, we announced a new partnership with the U.S. Hispanic Chamber of Commerce (USHCC) to help...
By: Pravina Raghavan, Director, Office of Innovation and Investments Small business federal contracting is a win-win. The federal government gets to work with innovative small businesses—often with direct access to the CEO—and small businesses get an important source of revenue. At the U.S. Small Business Administration, one of our core missions is to help small businesses to access the kinds of federal contracting opportunities that can help their businesses grow and thrive. That’s why we launched the RFP-EZ...
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