For American small and medium enterprises (SMEs), the European Union is one of the most lucrative markets, with more than 94,000 American small businesses currently contributing to more than $630 billion in U.S. – E.U. trade. Beginning September 9, the U.S. International Trade Commission (ITC) will bring together U.S. SME exporters around the country through a series of roundtables to help document trade barriers that disproportionately affect small business exporters in the EU. The information shared will be provided to U.S. trade...
Small businesses are the backbone of America’s economy, creating two out of every three net new private sector jobs. And at the Small Business Administration, our job is to make sure that small businesses have the tools and the resources they need to succeed at every stage. Over the past four and a half years, our Administrator Karen Mills has served as a tireless advocate for America’s small businesses. Under her leadership, the SBA accomplished extraordinary work on behalf of America’s 28 million small...
If you're a small business owner, then you know the importance of technology in running your business. Together the U.S. Small Business Administration and Microsoft developed a new resource with you – the small business owner -- in mind to help you more effectively use technology to run and grow your business. The Business Technology Simplified online course series teaches the benefits of using modern technology that can help take your business to the next level of success. Business Technology Simplified features three self- paced...
NOTE: This blog is by U.S. Secretary of Housing and Urban Development Shaun Donovan and first appeared at Hud.gov on August 19, 2013. From New Orleans to Cedar Rapids to Tuscaloosa to Minot – I have walked the streets and looked in the eyes of families whose lives have come crashing down around them under nature’s wrath. But nothing prepared me to come back home to New York City last October and look in the eyes of my friend who lost his daughter to Hurricane Sandy. Nothing prepared me to see neighborhoods—many of which...
Small businesses play an important role in the nation’s economic growth. These small companies are also vulnerable to major financial losses—to the point of being forced to shut down for good—as a result of a severe weather event. In 2012 the record-breaking drought that affected the majority of the continental U.S., and Hurricane Sandy caused economic losses in the billions for small businesses. So far this fiscal year the SBA has approved more than 4,900 business disaster loans totaling more than $518...
Across the United States, immigrants are starting and building successful businesses that create good American jobs and promote our country’s economic growth. These businesses form the fabric of our communities, and are part of our uniquely American heritage as a nation of immigrants and innovators. To accelerate our nation’s economic momentum, we need an immigration system that works for America’s entrepreneurs and small business owners--a system that allows us to leverage the creativity and diversity of immigrant...
The U.S Small Business Administration celebrates its 60th birthday today. It is a great occasion to mark and celebrate the agency’s accomplishments over the past six decades. When, following the suggestion of President Eisenhower, Congress passed the Small Business Act and created the Small Business Administration in 1953, its stated mission was to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns," and also ensure small businesses a “fair...
Eastern seaboard businesses continue their struggle to rebuild after Hurricane Sandy. In terms of economic losses, the October 29, 2012 storm will be remembered as one of the largest natural disasters in U.S. history. Many residents and businesses, particularly in the hardest hit coastal areas of New Jersey and New York, were caught off guard by the late-season storm. In addition to the property destruction caused by high winds and flooding, power outrages created big headaches and huge financial losses for many small businesses....
America’s 28 million small business owners drive job creation and innovation across our economy. They are responsible for creating two out of three net new private sector jobs in our communities. Many of these businesses start with shoestring budgets and small staffs of dedicated people looking to transform their industries. These men and women work hard. They sacrifice. And the last thing they have time for is bureaucracy, piles of unnecessary paperwork and navigating byzantine processes that waste time, money and resources. They have...
Note: This blog is by Pravina Raghavan, Director, SBA Office of Investments & Innovation On Friday, July 19, 16 diverse business accelerators from across the country will gather at Washington, D.C. accelerator, 1776, to pitch their programs as part of the inaugural Accelerator Demo Day--jointly organized by the U.S. Small Business Administration (SBA) and the Global Accelerator Network (GAN). Accelerators serve a valuable role in the entrepreneurial ecosystem, providing a mentoring and networking component to help start-ups...
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