The U.S. Small Business Administration and the Native American Contractors Association (NACA) have signed a strategic alliance memorandum to widen our reach to Native American entrepreneurs and boost entrepreneurship opportunities. SBA continues to work to impact our Native American small business owners. This alliance strengthens both our organizations’ goals: supporting the creation, development and expansion of small businesses in the American Indian, Alaska Native and Native Hawaiian communities. NACA promotes the common interests of...
SBA Announces Request for Proposals to Conduct Supply Chain Mapping Analysis and Matchmaking How do we build ecosystems of entrepreneurship that can make regional economies more competitive and attract more manufacturing back to the United States? Today, many cities and communities are looking past the old practice of simply “chasing smokestacks” (using tax and other incentives to lure companies to their cities). Instead, they are focused on building the types of long-term, local entrepreneurial ecosystems and supply chains of...
On this Fourth of July, as we celebrate our freedoms, I want share with you the ways SBA and the Office of Veterans Business Development are celebrating veteran entrepreneurs. The Administration and SBA are committed to ensuring that the federal government continues their dedication to our returning veterans. As part of this, for the first time ever, in FY 2012 the federal government exceeded the three percent goal to contract with Service Disabled Veteran-Owned Small Businesses. Small businesses won a record $12.56 billion in...
According to the Office of Travel & Tourism Industries’ 2013 Spring Travel Forecast, international travel to the United States is expected to increase through 2018. And a recently released report by the U.S. Travel Association indicated that in 2012 spending by international travelers to and within the U.S. increased 10.5 percent. With the travel and tourism season underway, the SBA will be hosting a series of webinars throughout the month of July. This series will help small businesses capitalize on increased traffic throughout the...
Accelerators represent the next frontier in commercial success for startups. That’s why SBA, in partnership with Global Accelerator Network, will host business accelerators from across the country for “Accelerator Demo Day” on July 19th in Washington, DC. Whether in the form of office space in a cooperative setting, connections with funding sources, technical support, or operational management, business accelerators help ensure that job-creating ideas have the resources to come to fruition. Already, approximately $1.6 billion...
In FY 2012, the federal government made real progress toward delivering 23 percent of eligible federal contracting dollars to small businesses, with 22.25 percent going to small businesses compared to 21.65 percent in FY 2011. We also made significant impact in several key areas of small business contracting, including exceeding the goal for service disabled veterans for the first time and delivering the highest percentage of contracts to small disadvantaged businesses to date. In addition, more agencies than ever before reached or...
If you missed out on National Small Business Week (June 17-21), you are in luck. We’re keeping the conversation alive via a Twitter Q&A on July 9 at 2 p.m. ET. How small businesses can break into supply chains was among one of the more popular topics covered this year. So during this Twitter Q&A, we will be taking your questions about how small businesses can sell their products or services to larger companies. What: Twitter Q&A- How to Break Into a Supply Chain When: July 9 | 2 p.m. ET Who: SBA...
Eight years ago, a Turkish immigrant living in upstate New York saw an ad for a shuttered yogurt plant not far from his home. Where others saw an outdated, old factory, he saw an opportunity and a burgeoning business plan. He purchased the facility using a U.S. Small Business Administration-backed loan, hired five of the employees from the original operation and went to work. Through hard work, perseverance, long days and sleepless nights, he steadily grew the business into one of the world’s most successful yogurt companies. That...
Today, there are more than 1.4 million LGBT-owned small businesses in the United States. These businesses play an important role in our economy and our communities. At the U.S. Small Business Administration (SBA), we are working with the LGBT community to spur entrepreneurial activity and to ensure that more LGBT entrepreneurs have the tools and the resources they need to grow successful small businesses and create good jobs. These are businesses like Pizzeria Paradiso in Washington, D.C. The owner, Ruth Gresser, used an SBA loan to expand her...
When the President challenged the nation to double exports in five years, U.S. government agencies worked closely together to increase access to export financing and foreign market opportunities. Under a new, multi-agency initiative, several federal agencies collaborated to combine their trade finance programs and export marketing services into a one-stop platform. U.S. Global Business Solutions, a new approach for assessing and meeting the business needs of small business exporters, will be piloted for six months beginning this week. A group...
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The Official Blog of the U.S. Small Business Administration with news and views from top SBA officials
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