Inventors Bonanza!
What: Innovation Roadshow Workshop, brought to you by the US Department of Commerce's NIST/MEP Network
When: Saturday, November 21st - 8:30 a.m. to 5:00 p.m.
Where: Mall of America Executive Center, 4th Floor, 60 E Broadway, Bloomington MN 55425 park in P5
Fee: $99.00, includes lunch and 2 breaks
It's all about helping you get your invention to market & includes:
• Access to a live invention marketing workshop by Eureka! Ranch International
• A $2000 market research report endorsed by the U.S. Department of Commerce's National Institute of Standards & Technology
• Publication of invention research reports to the official USA National Innovation Marketplace
• Help in making connections to buyers, licensees, manufacturers, etc., from the 1,600 person strong NIST/MEP network.
For more information - go to the Minnesota Inventors Congress website and look for the "Innovation Roadshow" link on the Right Hand side of the site.
Tuesday, October 27, 2009
Monday, October 26, 2009
UMC BUSINESS STUDENTS GIVE PRESENTATION TO BEMIDJI BUSINESS MEN AND WOMEN
In collaboration with Jorge Prince, director of the Northwest Minnesota Small Business Development Center (SBDC), the students addressed the use of social media in communicating and marketing with customers.
Click here for the full story.
In addition to this presentation, the students are working with regional small businesses through the SBDC to develop marketing plans that address those businesses’ specific needs.
In collaboration with Jorge Prince, director of the Northwest Minnesota Small Business Development Center (SBDC), the students addressed the use of social media in communicating and marketing with customers.
Click here for the full story.
In addition to this presentation, the students are working with regional small businesses through the SBDC to develop marketing plans that address those businesses’ specific needs.
Thursday, October 22, 2009
Statement by Administrator Karen Mills on President Obama’s Proposal to Raise SBA Loan Limits
Release Date: October 21, 2009 Release Number: 09-73
Contact: Hayley Matz (202) 205-6948 Internet Address: http://www.sba.gov/news
WASHINGTON – The U.S. Small Business Administration today issued the following statement by SBA Administrator Karen Mills on today’s proposal by President Barack Obama to raise the maximum loan size for SBA-backed loans to small business:
“America’s 29 million small businesses have been hard hit in this recession. Nine months ago, President Obama sent small businesses a life line: the American Recovery and Reinvestment Act. Since then, the SBA has supported more than 33,000 loans for a total of almost $13 billion in small business lending. This has helped save or create tens of thousands of jobs.
“But there is much more work to be done, which is why President Obama today pledged his support for legislation that would increase the maximum size of some SBA loans. Increasing maximum loan sizes will allow the SBA to ensure that more small business owners and entrepreneurs can get access to the credit they need to expand their operations and create jobs.
“The President also announced additional support from the Treasury Department for smaller community lenders that are committed to increasing their lending to small businesses. Secretary Geithner and I will host a conference on small business lending with Members of Congress, regulators, lenders and the small business community. The conference will discuss additional efforts that can be taken to provide small businesses with access to credit. These steps, coupled with SBA’s ongoing efforts, will help small businesses grow and create jobs throughout America.”
Specifically, President Obama called for:
• Increasing the size of SBA’s 7(a) loan from $2 million to $5 million.
• Increasing the size of SBA’s 504 loan from $2 million to $5 million for standard borrowers (supporting a total project of $12.5 million) and from $4 million to $5.5 million for manufacturers (supporting a total project of $13.75 million).
• Increasing the size of SBA’s Microloan from $35,000 to $50,000.
A copy of the President’s remarks and a fact sheet on the announcement can be found at:
http://www.sba.gov/idc/groups/public/documents/sba_homepage/sba_rcvry_obama_evnt_remrks09.pdf.
A fact sheet on the proposal can be found at: http://www.sba.gov/idc/groups/public/documents/sba_homepage/sba_rcvry_new_effort_credit_sb.pdf
# # #
Release Date: October 21, 2009 Release Number: 09-73
Contact: Hayley Matz (202) 205-6948 Internet Address: http://www.sba.gov/news
WASHINGTON – The U.S. Small Business Administration today issued the following statement by SBA Administrator Karen Mills on today’s proposal by President Barack Obama to raise the maximum loan size for SBA-backed loans to small business:
“America’s 29 million small businesses have been hard hit in this recession. Nine months ago, President Obama sent small businesses a life line: the American Recovery and Reinvestment Act. Since then, the SBA has supported more than 33,000 loans for a total of almost $13 billion in small business lending. This has helped save or create tens of thousands of jobs.
“But there is much more work to be done, which is why President Obama today pledged his support for legislation that would increase the maximum size of some SBA loans. Increasing maximum loan sizes will allow the SBA to ensure that more small business owners and entrepreneurs can get access to the credit they need to expand their operations and create jobs.
“The President also announced additional support from the Treasury Department for smaller community lenders that are committed to increasing their lending to small businesses. Secretary Geithner and I will host a conference on small business lending with Members of Congress, regulators, lenders and the small business community. The conference will discuss additional efforts that can be taken to provide small businesses with access to credit. These steps, coupled with SBA’s ongoing efforts, will help small businesses grow and create jobs throughout America.”
Specifically, President Obama called for:
• Increasing the size of SBA’s 7(a) loan from $2 million to $5 million.
• Increasing the size of SBA’s 504 loan from $2 million to $5 million for standard borrowers (supporting a total project of $12.5 million) and from $4 million to $5.5 million for manufacturers (supporting a total project of $13.75 million).
• Increasing the size of SBA’s Microloan from $35,000 to $50,000.
A copy of the President’s remarks and a fact sheet on the announcement can be found at:
http://www.sba.gov/idc/groups/public/documents/sba_homepage/sba_rcvry_obama_evnt_remrks09.pdf.
A fact sheet on the proposal can be found at: http://www.sba.gov/idc/groups/public/documents/sba_homepage/sba_rcvry_new_effort_credit_sb.pdf
# # #
SBA disaster loans available in Minnesota
MINNEAPOLIS — The Small Business Administration says disaster loans are available in some eastern Minnesota counties because of the drought that began earlier this year.
The affected counties are Carlton, Chisago, Goodhue, Pine, St. Louis, Wabasha, Washington and Winona. Those counties are eligible because they're next to Wisconsin counties where the U.S. Department of Agriculture issued a disaster declaration.
The SBA says its federal economic injury disaster loans are available to small businesses, small agricultural cooperatives and most private nonprofits of all sizes.
Farmers and ranchers are not eligible to apply to the SBA, but nurseries are eligible for losses caused by drought.
The application deadline is May 25, 2010.
———
On the Net:
Loan applications can be downloaded from the SBA Web site:
http://www.sba.gov/services/disasterassistance
MINNEAPOLIS — The Small Business Administration says disaster loans are available in some eastern Minnesota counties because of the drought that began earlier this year.
The affected counties are Carlton, Chisago, Goodhue, Pine, St. Louis, Wabasha, Washington and Winona. Those counties are eligible because they're next to Wisconsin counties where the U.S. Department of Agriculture issued a disaster declaration.
The SBA says its federal economic injury disaster loans are available to small businesses, small agricultural cooperatives and most private nonprofits of all sizes.
Farmers and ranchers are not eligible to apply to the SBA, but nurseries are eligible for losses caused by drought.
The application deadline is May 25, 2010.
———
On the Net:
Loan applications can be downloaded from the SBA Web site:
http://www.sba.gov/services/disasterassistance
Monday, October 19, 2009
SBDC Client Featured in the Press
This SBDC client is featured in the local newspaper in the North Central MnSBDC Region. The client developed an infant support pillow to help support her child's head and neck. The Professional Business Consultant who assisted the client was Mr. Tom Willett (Thanks Tom!), and thanks also to Regional Director Greg Bergman for sharing this story.
Please consider contacting your local media to feature other successful SBDC clients in your region. Click on the link below to read the entire story.
Baby Elephant Ears
This SBDC client is featured in the local newspaper in the North Central MnSBDC Region. The client developed an infant support pillow to help support her child's head and neck. The Professional Business Consultant who assisted the client was Mr. Tom Willett (Thanks Tom!), and thanks also to Regional Director Greg Bergman for sharing this story.
Please consider contacting your local media to feature other successful SBDC clients in your region. Click on the link below to read the entire story.
Baby Elephant Ears
Thursday, October 15, 2009
SBA Launches New Online Training Course: Winning Federal Contracts – A Guide for Women Entrepreneurs
WASHINGTON ─ Women who own small businesses will be able to use a new online U.S. Small Business Administration training course to learn how to identify and take advantage of federal contracting opportunities. The new training course, Winning Federal Contracts: A Guide for Women Entrepreneurs, is part of an ongoing government-wide initiative to promote opportunities for women-owned businesses in the area of government contracting.
WASHINGTON ─ Women who own small businesses will be able to use a new online U.S. Small Business Administration training course to learn how to identify and take advantage of federal contracting opportunities. The new training course, Winning Federal Contracts: A Guide for Women Entrepreneurs, is part of an ongoing government-wide initiative to promote opportunities for women-owned businesses in the area of government contracting.
This free online tutorial is a practical and easy to use guide that walks a woman-owned small business through the contracting process. SBA is committed to ensuring that women-owned businesses receive at least 5 percent of federal contracts and believes better training opportunities are central to meeting this government-wide goal.
Winning Federal Contracts course is designed to help women entrepreneurs learn about the federal procurement process and to prepare them to compete for contracting opportunities. The self-paced guide uses audio and script to provide information about contract rules, how to sell to the government and where to find contracts.
The Winning Federal Contracts course is available on SBA’s Web site at www.sba.gov or directly at www.sba.gov/fedcontractingtraining. It is indexed by subject matter, and includes direct links to additional contracting resources
Wednesday, October 14, 2009
Final Federal Fiscal Year SBA Guarantee Loan Results
Here are the final results for MN Lenders with SBA Guarantee Loans
Minnesota Lender Activity
FY 2009 As of September 30, 2009
Here are the final results for MN Lenders with SBA Guarantee Loans
Minnesota Lender Activity
FY 2009 As of September 30, 2009
Monday, October 5, 2009
SBA PRIME Grants to Assist Micro Entrepreneurs
The U. S. Small Business Administration announced today that 58 non-profit organizations from 32 states and the will receive grant funding under the Program for Investment in Microentrepreneurs Act (PRIME) to assist low-income and very low-income entrepreneurs with training and technical assistance to start, operate, and grow their businesses.
SBA’s PRIME grant funding is intended to establish management and technical assistance, access to capital and other forms of financial assistance, and business training and counseling through qualified organizations to small businesses with five or fewer employees that are economically disadvantaged, and to businesses owned by low-income individuals, including those residing on Indian reservations and tribal lands.
The grant funding received will be used to provide training and technical assistance to disadvantaged microentrepreneurs, to provide capacity building services to organizations that assist with microenterprise training and services, and to aid in researching and developing the best practices in the field of microenterprise development and technical assistance programs for disadvantaged microentrepreneurs.
In the state of MN, the following grant was awarded;
American Indian Econ. Development Fund - $50,000
The U. S. Small Business Administration announced today that 58 non-profit organizations from 32 states and the will receive grant funding under the Program for Investment in Microentrepreneurs Act (PRIME) to assist low-income and very low-income entrepreneurs with training and technical assistance to start, operate, and grow their businesses.
SBA’s PRIME grant funding is intended to establish management and technical assistance, access to capital and other forms of financial assistance, and business training and counseling through qualified organizations to small businesses with five or fewer employees that are economically disadvantaged, and to businesses owned by low-income individuals, including those residing on Indian reservations and tribal lands.
The grant funding received will be used to provide training and technical assistance to disadvantaged microentrepreneurs, to provide capacity building services to organizations that assist with microenterprise training and services, and to aid in researching and developing the best practices in the field of microenterprise development and technical assistance programs for disadvantaged microentrepreneurs.
In the state of MN, the following grant was awarded;
American Indian Econ. Development Fund - $50,000
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