Small Business Jobs Act of 2010
The Small Business Jobs Act was signed by President Obama on September 27. The new law extends the SBA Recovery loans while offering more in lending support and tax breaks for entrepreneurs and small business owners. (This summary was developed by the United States Small Business Administration Press Office, and is copied below in its entirety.)
"New Law Puts More Capital in the Hands of Entrepreneurs and Small Business Owners
• Recovery Act Loans Extension – $14 billion more in lending support
o The law will extend SBA Recovery loans (with the 90% guarantee and reduced fees) through December 31, 2010. The $505 million for Recovery loans in this new law will support about $14 billion in overall small business lending. More than 1,400 small businesses that have been in a queue waiting for this bill to become law will be funded in a matter of days.
o Since passage of the Recovery Act, SBA has supported nearly 70,000 Recovery loans, turning $680 million in taxpayer dollars into more than $30 billion in lending support.
• Higher Loan Limits – significantly increases maximum loan sizes in top loan programs
o The law will permanently increase 7(a) and 504 limits from $2 million to $5 million (for manufacturers in 504 loan program, up to $5.5 million).
o The law will permanently increase microloan limits from $35,000 to $50,000, helping larger entrepreneurs with start-up costs and small business owners in underserved communities.
• Alternative Size Standards – more small businesses eligible to get SBA loans
o The law expands the number of businesses eligible for SBA loans by increasing the alternate size standard to those small businesses with less than $15 million in net worth and $5 million in average net income.
• Temporary Enhancements to Help with Working Capital, Commercial Real Estate Refinancing
o The law will increase maximum amount of SBA Express loans from $350,000 to $1 million (expires 9/27/2011).
o The law will allow some small businesses to refinance their owner-occupied commercial real estate mortgages into the 504 loan program (expires 9/27/2012).
• Dealer Floor Plan Pilot Extension, Expansion
o The pilot program (begun 2009) will be extended to 2013.
o After the $5-million loan limit is implemented, this will help even more small businesses owners who sell cars, RVs, boats, other titleable inventory.
• Small Business Intermediary Lending Pilot
o The law provides $16 million over the next three years for an intermediary-facilitated microloan program that will target small businesses needing microloans up to $200,000.
New Law Strengthens Small Businesses’ Ability to Compete for Contracts, Including Recommendations from the President’s Task Force on Federal Contracting Opportunities for Small Business
• Equal Treatment across Federal Contracting Programs
o The law reaffirms “parity” among federal small business contracting programs. Contracting officers will be free to choose among businesses owned by women and service-disabled veterans, as well as those participating in HUBZone and 8(a) programs, and soon the women’s contracting program when conducting contracts that are set-aside for small business.
• Better Playing Field for Small Businesses – more accountability, integrity, transparency
o The law gives agency procurement officers more ability to provide both large prime contracts and mircocontracts to small businesses. The law makes it harder for agencies to “bundle” contracts, a practice that often takes opportunities away from small business. The law also has stronger enforcement so agencies will be held more accountable for reaching small business goals.
o The law enforces stronger subcontracting plan requirements for large prime contractors to ensure small businesses are utilized in subcontracting. It also discourages late payments to small subcontractors.
o The law enforces SBA’s continuing efforts to combat fraud, waste, and abuse. Federal agencies, including the Department of Justice, will have more ability to vigorously pursue companies that win contracts by misrepresenting their small business status.
• Small Business Teaming Opportunities
o The law provides $10 million for a new pilot that provides grants that will help small businesses team up with each other to compete for larger and more complex federal government contracts.
New Law Promotes Small Business Exporting, Building on the President’s National Export Initiative
• Export Express Pilot Becomes Permanent
o The law turns the Export Express pilot loan program into a permanent program with 90% guarantees for loans up to $350,000 and 75% for loans between $350,000 and $500,000.
• State Trade and Export Promotion Grants Pilot
o The law provides $60 million in competitive grants over next three years for states to help
small business owners with exporting.
• Increased Staff and Strengthened Export Counseling Resources.
Law Expands Training and Counseling:
• Major Investment in Counseling and Training
o The law provides $50 million in grants available to Small Business Development Centers.
• More Opportunities in Export Counseling (see above)
New Law Provides $12 Billion in Tax Relief to Help Small Businesses Invest in their Firms, Create Jobs
• Extension, Expansion of Tax Cuts – 8 Tax Cuts
1. The highest small business expensing limit ever, of $500,000
2. Carry-back provisions on net operating losses of up to 5 years
3. Accelerated/bonus depreciation
4. Zero capital gains taxes for those who invest in small businesses
5. Increased deductions for start-ups
6. Deductions for employer-provided cell phones
7. Deductions for health insurance costs for the self-employed
8. Limitations on penalties for errors in tax reporting that disproportionately affect small business
Beyond SBA:
• Small Business Lending Fund – $30 billion (administered by Treasury)
o The law will provide smaller community banks with low cost capital (as low as 1%) if they go above and beyond 2009 small business lending levels.
• Establishes State Small Business Credit Initiative (administered by Treasury)
o The law will provide up to $1.5 billion to States to support state run small business lending programs."
Showing posts with label SBA PR. Show all posts
Showing posts with label SBA PR. Show all posts
Tuesday, September 28, 2010
Thursday, August 5, 2010
August Web Chat: Tips and Advice on Health Care Tax Credits Provided for Small Business Owners
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Thursday, August 12, 2010, from 1:00 p.m. to 2:00 p.m., ET
WASHINGTON – The SBA’s Web Chat will highlight small business health care, with a focus on how the Affordable Care Act will benefit small business owners through available tax-saving incentives. Participants can learn about the newest tax credits they can take advantage of, and additional tax provisions to be implemented during the next several years.
WHO: John Tuzynski, chief of Employment Tax and Specialty Programs for the Small Business Self-Employed (SB/SE) Division at the Internal Revenue Service, will host the August web chat on “Health Care and Small Business.”
WHAT: SBA’s Web chat series provides small business owners with an opportunity to discuss relevant business issues online with experts, industry leaders and successful entrepreneurs. Chat participants will have direct, real-time access to the Web chats via questions they submit online in advance and during the live session, with instant answers.
WHEN: August 12, 2010, 2010, 1 p.m. ET
Tuzynski will answer questions for one hour.
HOW: Participants can join the live Web chat by going online to www.sba.gov, and clicking “Online Business Chat.” Web chat participants may post questions before the August 12th chat by visiting http://web.sba.gov/livemeeting/Aug10/ and posting their questions online.
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Advisory Date: August 4, 2010 Contact: Cecelia Taylor (202) 401-3059
Advisory Number: MA10-12 Internet Address: http://www.sba.gov/news
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Thursday, August 12, 2010, from 1:00 p.m. to 2:00 p.m., ET
WASHINGTON – The SBA’s Web Chat will highlight small business health care, with a focus on how the Affordable Care Act will benefit small business owners through available tax-saving incentives. Participants can learn about the newest tax credits they can take advantage of, and additional tax provisions to be implemented during the next several years.
WHO: John Tuzynski, chief of Employment Tax and Specialty Programs for the Small Business Self-Employed (SB/SE) Division at the Internal Revenue Service, will host the August web chat on “Health Care and Small Business.”
WHAT: SBA’s Web chat series provides small business owners with an opportunity to discuss relevant business issues online with experts, industry leaders and successful entrepreneurs. Chat participants will have direct, real-time access to the Web chats via questions they submit online in advance and during the live session, with instant answers.
WHEN: August 12, 2010, 2010, 1 p.m. ET
Tuzynski will answer questions for one hour.
HOW: Participants can join the live Web chat by going online to www.sba.gov, and clicking “Online Business Chat.” Web chat participants may post questions before the August 12th chat by visiting http://web.sba.gov/livemeeting/Aug10/ and posting their questions online.
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Advisory Date: August 4, 2010 Contact: Cecelia Taylor (202) 401-3059
Advisory Number: MA10-12 Internet Address: http://www.sba.gov/news
Monday, June 21, 2010
SBA Offers Free Webinar and Web Chat to Encourage Disaster Preparedness Planning for Business Owners
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WASHINGTON –No matter what time of year it is, or where you run your business, it’s a good idea to have a disaster preparedness plan in place. Recent disasters, such as the record-breaking flooding which occurred in Tennessee in April, serve as reminders to be proactive when it comes to building strategies to survive a disaster and recover quickly.
Toward this end, the U.S. Small Business Administration will offer two online disaster preparedness events next week. On Tuesday, June 22, Agility Recovery Solutions CEO Bob Boyd will discuss 10 Steps to Business Preparedness. Boyd will highlight key aspects of business continuity planning, including risk assessment, data back-up, crisis communications and insurance coverage.
On Thursday, June 24, SBA’s monthly Web Chat will be hosted by Nashville business owner Genma Holmes, CEO of Holmes Pest Control. Holmes will share her experience of how another business owner’s losses after Hurricane Katrina inspired her to develop her own preparedness plan. Because she was ready for the disaster, Holmes was able to resume operations just one day after cleaning up after a recent flood in Nashville.
TUESDAY, JUNE 22, 2010
WHO: Bob Boyd, CEO, Agility Recovery Solutions
WHAT: During the Tuesday Webinar, Agility CEO Bob Boyd will present 10 Tips to Business Preparedness, which will be followed by a question and answer session.
WHEN: 2:00 – 3:00 p.m. EDT
HOW: Register in Advance for 10 Tips to Business Preparedness by visiting Agility’s “Prepare My Business” Web site at www.preparemybusiness.org/education.
THURSDAY, JUNE 24, 2010
WHO: Genma Holmes, CEO, Holmes Pest Control
WHAT: Small business owner Genma Holmes will host the Thursday Web chat on “Disaster Preparedness for Business Owners: An Inside View,” and give her own account of how disaster preparedness planning helped keep her business running after Nashville’s recent record-breaking floods. Holmes will take questions and offer advice on disaster preparedness. Those participating in the Thursday Web chat may submit questions before or during the chat discussion.
WHEN: 1:00 – 2:00 p.m. EDT
HOW: Join the chat live by visiting www.sba.gov, and clicking “Online Business Chat.” Web chat participants may post questions prior to the chat by visiting: http://web.sba.gov/livemeeting/Jun10 .
To review archives of past Web chats, visit http://www.sba.gov/tools/monthlywebchat/index.html
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Advisory Date: June 17, 2010 Contact: Cecelia Taylor (202) 401-3059
Advisory Number: MA10-10 Internet Address: http://www.sba.gov/news
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WASHINGTON –No matter what time of year it is, or where you run your business, it’s a good idea to have a disaster preparedness plan in place. Recent disasters, such as the record-breaking flooding which occurred in Tennessee in April, serve as reminders to be proactive when it comes to building strategies to survive a disaster and recover quickly.
Toward this end, the U.S. Small Business Administration will offer two online disaster preparedness events next week. On Tuesday, June 22, Agility Recovery Solutions CEO Bob Boyd will discuss 10 Steps to Business Preparedness. Boyd will highlight key aspects of business continuity planning, including risk assessment, data back-up, crisis communications and insurance coverage.
On Thursday, June 24, SBA’s monthly Web Chat will be hosted by Nashville business owner Genma Holmes, CEO of Holmes Pest Control. Holmes will share her experience of how another business owner’s losses after Hurricane Katrina inspired her to develop her own preparedness plan. Because she was ready for the disaster, Holmes was able to resume operations just one day after cleaning up after a recent flood in Nashville.
TUESDAY, JUNE 22, 2010
WHO: Bob Boyd, CEO, Agility Recovery Solutions
WHAT: During the Tuesday Webinar, Agility CEO Bob Boyd will present 10 Tips to Business Preparedness, which will be followed by a question and answer session.
WHEN: 2:00 – 3:00 p.m. EDT
HOW: Register in Advance for 10 Tips to Business Preparedness by visiting Agility’s “Prepare My Business” Web site at www.preparemybusiness.org/education.
THURSDAY, JUNE 24, 2010
WHO: Genma Holmes, CEO, Holmes Pest Control
WHAT: Small business owner Genma Holmes will host the Thursday Web chat on “Disaster Preparedness for Business Owners: An Inside View,” and give her own account of how disaster preparedness planning helped keep her business running after Nashville’s recent record-breaking floods. Holmes will take questions and offer advice on disaster preparedness. Those participating in the Thursday Web chat may submit questions before or during the chat discussion.
WHEN: 1:00 – 2:00 p.m. EDT
HOW: Join the chat live by visiting www.sba.gov, and clicking “Online Business Chat.” Web chat participants may post questions prior to the chat by visiting: http://web.sba.gov/livemeeting/Jun10 .
To review archives of past Web chats, visit http://www.sba.gov/tools/monthlywebchat/index.html
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Advisory Date: June 17, 2010 Contact: Cecelia Taylor (202) 401-3059
Advisory Number: MA10-10 Internet Address: http://www.sba.gov/news
Monday, May 24, 2010
US SBA Awards 2 MN Lenders during Small Business Week
The U.S. Small Business Administration in Washington, D.C. gave awards to nine lenders and two investment companies on May 24, 2010 for their commitment to delivering vital financial assistance to American small businesses, as part of National Small Business Week.
Two firms from Minnesota were recognized;
A new award was created this year to honor a Community/Rural Lender that has made a positive impact on its community. The winner of the Community/Rural Lender of the Year was American Bank of the North, of Nashwauk, Minnesota.
In keeping with the heightened importance exports are receiving in the nation’s economic recovery, SBA this year again recognized two banks for their role in lending to small business exporters, and one of those banks was Wells Fargo Bank, N.A., of Minneapolis, Minnesota who won the award for making the largest number of domestic loans to exporters.
FROM:
Release Date: May 24, 2010 Contact: David J. Hall (202) 205-6697
Release Number: 10-27 Internet Address: http://www.sba.gov/news
The U.S. Small Business Administration in Washington, D.C. gave awards to nine lenders and two investment companies on May 24, 2010 for their commitment to delivering vital financial assistance to American small businesses, as part of National Small Business Week.
Two firms from Minnesota were recognized;
A new award was created this year to honor a Community/Rural Lender that has made a positive impact on its community. The winner of the Community/Rural Lender of the Year was American Bank of the North, of Nashwauk, Minnesota.
In keeping with the heightened importance exports are receiving in the nation’s economic recovery, SBA this year again recognized two banks for their role in lending to small business exporters, and one of those banks was Wells Fargo Bank, N.A., of Minneapolis, Minnesota who won the award for making the largest number of domestic loans to exporters.
FROM:
Release Date: May 24, 2010 Contact: David J. Hall (202) 205-6697
Release Number: 10-27 Internet Address: http://www.sba.gov/news
Tuesday, May 18, 2010
Minnesota SBA Honors Financial Services Champion - Jenny Dougherty
INTERNATIONAL FALLS – Jenny M. Dougherty, Small Business Development Center (SBDC) Professional Business Consultant for Koochiching Economic Development Authority (KEDA) in International Falls, has been named Minnesota Financial Services Champion of the Year by the U.S. Small Business Administration.
The Financial Services Champion award is presented annually in each state to individuals who assist small businesses through advocacy efforts to increase the usefulness and availability of accounting or financial services. Elaine S. Hansen, Director of the University of Minnesota (Duluth) Center for Economic Development and the Northeast Minnesota Small Business Development Center, nominated Dougherty for this award.
Dougherty has served Koochiching County as a Professional Business Consultant for the SBDC since 2007 in a part-time capacity. Her job responsibilities include business planning, financial analysis as well as cash flow and profitability analysis, assistance with access to capital, loan packaging and market research. Dougherty also is a QuickBooks Pro Advisor and teaches QuickBooks and other business workshops in her community. Recently, because of her efforts and the need for her services, Dougherty’s position was changed to a full-time position.
Dougherty is a 1986 graduate of St. Cloud State University, with a Bachelors of Science, majoring in Finance. She earned her Master of Business Administration from the University of St. Thomas in St. Paul in 2002. Spending her career in the financial industry, Dougherty worked for banks and mortgage companies in the Twin cities area before moving to International Falls, Minnesota. Throughout her twenty-four years in the financial industry, her experiences in mortgage loan origination and processing, underwriting, customer service, bookkeeping and much more, gave Dougherty the expertise she uses now to assist small businesses in Koochiching and Northern St. Louis County.
Dougherty also teaches workshops in starting a business, QuickBooks and other business-related topics at Rainy River Community College. She has developed strong relationships with local banks within the county, joined several local committees and organizations in support for the business community.
She has helped create a Women’s Business network in International Falls, serves on several boards including the International Falls Visitors and Convention Board (2005 – Present), and has been a Girl Scout Leader, President of Scandia Preschool, and serves on the First Lutheran Church Budge Committee (2007 – Present).
Dougherty and her husband, Dan Herman, have six daughters and reside on Rainy Lake in International Falls. Her husband has been a small business owner for over thirty years and her parents and siblings are all owners of small businesses. This experience and family perspective provides a first-hand understanding of the challenges that small business owners face.
For more information:
Jenny M. Dougherty
SBDC Professional Business Consultant
Koochiching Economic Development Authority (KEDA)
PO Box 138
405 3rd Street
International Falls, MN 56649
218-283-8585
jenny.keda@northwinds.net
Release Date: March 29, 2010 Contact: Sherree Stratton (612) 370-2325
Release Number: 2010-04 Internet Address: www.sba.gov/mn
INTERNATIONAL FALLS – Jenny M. Dougherty, Small Business Development Center (SBDC) Professional Business Consultant for Koochiching Economic Development Authority (KEDA) in International Falls, has been named Minnesota Financial Services Champion of the Year by the U.S. Small Business Administration.
The Financial Services Champion award is presented annually in each state to individuals who assist small businesses through advocacy efforts to increase the usefulness and availability of accounting or financial services. Elaine S. Hansen, Director of the University of Minnesota (Duluth) Center for Economic Development and the Northeast Minnesota Small Business Development Center, nominated Dougherty for this award.
Dougherty has served Koochiching County as a Professional Business Consultant for the SBDC since 2007 in a part-time capacity. Her job responsibilities include business planning, financial analysis as well as cash flow and profitability analysis, assistance with access to capital, loan packaging and market research. Dougherty also is a QuickBooks Pro Advisor and teaches QuickBooks and other business workshops in her community. Recently, because of her efforts and the need for her services, Dougherty’s position was changed to a full-time position.
Dougherty is a 1986 graduate of St. Cloud State University, with a Bachelors of Science, majoring in Finance. She earned her Master of Business Administration from the University of St. Thomas in St. Paul in 2002. Spending her career in the financial industry, Dougherty worked for banks and mortgage companies in the Twin cities area before moving to International Falls, Minnesota. Throughout her twenty-four years in the financial industry, her experiences in mortgage loan origination and processing, underwriting, customer service, bookkeeping and much more, gave Dougherty the expertise she uses now to assist small businesses in Koochiching and Northern St. Louis County.
Dougherty also teaches workshops in starting a business, QuickBooks and other business-related topics at Rainy River Community College. She has developed strong relationships with local banks within the county, joined several local committees and organizations in support for the business community.
She has helped create a Women’s Business network in International Falls, serves on several boards including the International Falls Visitors and Convention Board (2005 – Present), and has been a Girl Scout Leader, President of Scandia Preschool, and serves on the First Lutheran Church Budge Committee (2007 – Present).
Dougherty and her husband, Dan Herman, have six daughters and reside on Rainy Lake in International Falls. Her husband has been a small business owner for over thirty years and her parents and siblings are all owners of small businesses. This experience and family perspective provides a first-hand understanding of the challenges that small business owners face.
For more information:
Jenny M. Dougherty
SBDC Professional Business Consultant
Koochiching Economic Development Authority (KEDA)
PO Box 138
405 3rd Street
International Falls, MN 56649
218-283-8585
jenny.keda@northwinds.net
Release Date: March 29, 2010 Contact: Sherree Stratton (612) 370-2325
Release Number: 2010-04 Internet Address: www.sba.gov/mn
Google and SBA Launch “Tools for Online Success” Partnership to Boost Small Businesses
On May 5, 2010 the U.S. Small Business Administration (SBA) and Google announced a new partnership and unveiled “Tools for Online Success,” an array of online resources and training designed to help small business owners harness technology to grow their businesses. The “Tools for Online Success” site (http://www.google.com/help/sba) features tutorials, video testimonials, and tips from savvy small business people who have leveraged the web to become more efficient, more cost-effective, and more successful.
Visit the “Tools for Online Success” website for a full run-down, but here are a few easy tips all small business owners should be using:
• Establish your online presence. One out of five searches on Google are related to location. Most local online listings such as Google Places are free, and if your business doesn’t have a website, there are ready-made site templates and free hosting services that make establishing an online presence easy.
• Use free marketing to reach customers. You can build a fan base with free services like YouTube, Facebook and Twitter that keep your customers in-the-know about new products or specials and aware of promotions. These services are great "word of mouth" platforms - where a customer following you might tell their friends about your business.
• Know your customers. Easy to use web analytics tools can tell you a lot about your customers by analyzing what search term brought them to your website or what they look at while they are there. This information can help you make smart decisions about what you feature and what search terms you should run search ads on.
• Keep an eye on the latest trends. The growing popularity of smartphones means that more and more customers are searching for local information on the go. This makes it all the more important that a business’s online presence be accurate and up-to-date. You can link to your menu, give users driving directions, and even post digital coupons.
Release Date: May 5, 2010 Contact: Hayley Matz (202) 205-6948
Release Number: 10-20 Internet Address: http://www.sba.gov/news
On May 5, 2010 the U.S. Small Business Administration (SBA) and Google announced a new partnership and unveiled “Tools for Online Success,” an array of online resources and training designed to help small business owners harness technology to grow their businesses. The “Tools for Online Success” site (http://www.google.com/help/sba) features tutorials, video testimonials, and tips from savvy small business people who have leveraged the web to become more efficient, more cost-effective, and more successful.
Visit the “Tools for Online Success” website for a full run-down, but here are a few easy tips all small business owners should be using:
• Establish your online presence. One out of five searches on Google are related to location. Most local online listings such as Google Places are free, and if your business doesn’t have a website, there are ready-made site templates and free hosting services that make establishing an online presence easy.
• Use free marketing to reach customers. You can build a fan base with free services like YouTube, Facebook and Twitter that keep your customers in-the-know about new products or specials and aware of promotions. These services are great "word of mouth" platforms - where a customer following you might tell their friends about your business.
• Know your customers. Easy to use web analytics tools can tell you a lot about your customers by analyzing what search term brought them to your website or what they look at while they are there. This information can help you make smart decisions about what you feature and what search terms you should run search ads on.
• Keep an eye on the latest trends. The growing popularity of smartphones means that more and more customers are searching for local information on the go. This makes it all the more important that a business’s online presence be accurate and up-to-date. You can link to your menu, give users driving directions, and even post digital coupons.
Release Date: May 5, 2010 Contact: Hayley Matz (202) 205-6948
Release Number: 10-20 Internet Address: http://www.sba.gov/news
SBA Offers Tools to Help Exporters Succeed as Part of World Trade Week
The U. S. Small Business Administration is offering new, free tools for new and established small business exporters to help them grow and succeed in international trade. Small businesses will now have access to six-part podcast series, an introduction to exporting Youtube video and an online training course.
The podcast series is available online at http://www.sba.gov/tools/audiovideo/Podcasts/INTL_TRADE.html and focuses on Growing Your Business Through Exporting; Developing an Export Strategy; Preparing for Global Markets; Conducting Market Research; SBA Exporting Loan Program; and a Small Business Success Story.
The introduction to exporting video is available at http://www.youtube.com/user/sba#p/u/0/UFQIAszJWn4, and the free, online exporting course, “Take Your Business Global,” is available at http://web.sba.gov/sbtn/registration/index.cfm?CourseId=72.
In addition to the new online tools, SBA Resource Partners – Small Business Development Centers (SBDC), Womens Business Centers and SCORE – are available to assist small businesses in every U.S. State and Territory who are interested in exporting. These resource partners can help entrepreneurs identify potential export markets, facilitate export transactions, develop linkages between United States small business and prescreened foreign buyers, advise on participation in international trade shows, assist in obtaining export financing and in facilitating the development or reorientation of marketing and production strategies. In addition to counseling resources in every state and territory there are export specialists available at the 8 SBDC International Trade Export Assistance Centers and SCORE online international trade advisors. To find your local counseling resources please visit www.sba.gov.
Release Date: May 18, 2010 Contact: David J. Hall (202) 205-6697
Release Number: 10-22 Internet Address: http://www.sba.gov/news
The U. S. Small Business Administration is offering new, free tools for new and established small business exporters to help them grow and succeed in international trade. Small businesses will now have access to six-part podcast series, an introduction to exporting Youtube video and an online training course.
The podcast series is available online at http://www.sba.gov/tools/audiovideo/Podcasts/INTL_TRADE.html and focuses on Growing Your Business Through Exporting; Developing an Export Strategy; Preparing for Global Markets; Conducting Market Research; SBA Exporting Loan Program; and a Small Business Success Story.
The introduction to exporting video is available at http://www.youtube.com/user/sba#p/u/0/UFQIAszJWn4, and the free, online exporting course, “Take Your Business Global,” is available at http://web.sba.gov/sbtn/registration/index.cfm?CourseId=72.
In addition to the new online tools, SBA Resource Partners – Small Business Development Centers (SBDC), Womens Business Centers and SCORE – are available to assist small businesses in every U.S. State and Territory who are interested in exporting. These resource partners can help entrepreneurs identify potential export markets, facilitate export transactions, develop linkages between United States small business and prescreened foreign buyers, advise on participation in international trade shows, assist in obtaining export financing and in facilitating the development or reorientation of marketing and production strategies. In addition to counseling resources in every state and territory there are export specialists available at the 8 SBDC International Trade Export Assistance Centers and SCORE online international trade advisors. To find your local counseling resources please visit www.sba.gov.
Release Date: May 18, 2010 Contact: David J. Hall (202) 205-6697
Release Number: 10-22 Internet Address: http://www.sba.gov/news
Friday, April 16, 2010
Start-Up Business Advice Provided for Entrepreneurs
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Thursday, April 22, 2010, from 1:00 p.m. to 2:00 p.m., ET
WASHINGTON – The SBA’s Web Chat will highlight assistance to entrepreneurs who want to start a business, and need to know the right strategies to have in place to achieve success. Participants can learn what it takes to start a business, where to go for information and assistance, why they need a business plan, how to get funding and the truth about the “free money” myth.
WHO: Barry McKinley, an experienced SCORE Counselor at Orange County California SCORE will host the April Web chat on “Small Business Start-Up -- Ask the Expert.” McKinley will answer questions about what first steps to take to start a business, and how and when to get a small business idea off the ground.
In addition, participants can learn about the resources available to help set up a business.
WHAT: SBA’s Web chat series, providing small business owners with an opportunity to discuss relevant business issues online with experts, industry leaders and successful entrepreneurs. Chat participants will have direct, real-time access to the Web chats via questions they submit online in advance and during the live session, with instant answers.
WHEN: April 22, 2010, 1 p.m. ET
McKinley will answer questions for one hour.
HOW: Participants can join the live Web chat by going online to www.sba.gov, and clicking “Online Business Chat.” Web chat participants may post questions before the April 22nd chat by visiting http://web.sba.gov/livemeeting/Apr10 and posting their questions online.
Contact: Cecelia Taylor (202)401-3059
SBA Advisory Number: MA10-05
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Thursday, April 22, 2010, from 1:00 p.m. to 2:00 p.m., ET
WASHINGTON – The SBA’s Web Chat will highlight assistance to entrepreneurs who want to start a business, and need to know the right strategies to have in place to achieve success. Participants can learn what it takes to start a business, where to go for information and assistance, why they need a business plan, how to get funding and the truth about the “free money” myth.
WHO: Barry McKinley, an experienced SCORE Counselor at Orange County California SCORE will host the April Web chat on “Small Business Start-Up -- Ask the Expert.” McKinley will answer questions about what first steps to take to start a business, and how and when to get a small business idea off the ground.
In addition, participants can learn about the resources available to help set up a business.
WHAT: SBA’s Web chat series, providing small business owners with an opportunity to discuss relevant business issues online with experts, industry leaders and successful entrepreneurs. Chat participants will have direct, real-time access to the Web chats via questions they submit online in advance and during the live session, with instant answers.
WHEN: April 22, 2010, 1 p.m. ET
McKinley will answer questions for one hour.
HOW: Participants can join the live Web chat by going online to www.sba.gov, and clicking “Online Business Chat.” Web chat participants may post questions before the April 22nd chat by visiting http://web.sba.gov/livemeeting/Apr10 and posting their questions online.
Contact: Cecelia Taylor (202)401-3059
SBA Advisory Number: MA10-05
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Tuesday, April 6, 2010
SBA Offers Free Webinar Series to Help Small Business Owners Get Fiscally Fit
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Recognizes National Financial Literacy Month
April 2010
WHAT: The U.S. Small Business Administration will host a Webinar series in recognition of National Financial Literacy Month. Topics will highlight the importance of financial education and the opportunity to learn practical money skills and financial wellness. Participants will learn basic money management and financial skills for today's business world.
WHEN: April 7, 2010
WHO: Learn to build wealth and not debt from some of the industry leaders on financial education and entrepreneurship. Webinar presenters and topics include:
Topic: The Importance of Financial Education in the Workplace
Wednesday, April 7 at 11:00 a.m.
Becky MacDicken, Financial Education Specialist
Pennsylvania Office of Financial Education
Topic: Basic Banking/Financial Tips for Small Business
Wednesday, April 7 at 3:00 p.m.
Luke Reynolds, Chief of the Outreach & Program Development Section
Division of Supervision and Consumer Protection Community Affairs
Branch, Federal Deposit Insurance Corporation (FDIC)
HOW: For free visual and audio access to the Webinar go to
www.ReadyTalk.com
Click "join a meeting" and enter access code 3761101
Then dial 866-740-1260 and enter access code 3761101 (plus the #
key).
System Requirements:
Windows, Mac, Linux and Solaris operating systems
Internet Explorer, Safari and Firefox Web browsers
Separate telephone line needed for the audio portion
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Recognizes National Financial Literacy Month
April 2010
WHAT: The U.S. Small Business Administration will host a Webinar series in recognition of National Financial Literacy Month. Topics will highlight the importance of financial education and the opportunity to learn practical money skills and financial wellness. Participants will learn basic money management and financial skills for today's business world.
WHEN: April 7, 2010
WHO: Learn to build wealth and not debt from some of the industry leaders on financial education and entrepreneurship. Webinar presenters and topics include:
Topic: The Importance of Financial Education in the Workplace
Wednesday, April 7 at 11:00 a.m.
Becky MacDicken, Financial Education Specialist
Pennsylvania Office of Financial Education
Topic: Basic Banking/Financial Tips for Small Business
Wednesday, April 7 at 3:00 p.m.
Luke Reynolds, Chief of the Outreach & Program Development Section
Division of Supervision and Consumer Protection Community Affairs
Branch, Federal Deposit Insurance Corporation (FDIC)
HOW: For free visual and audio access to the Webinar go to
www.ReadyTalk.com
Click "join a meeting" and enter access code 3761101
Then dial 866-740-1260 and enter access code 3761101 (plus the #
key).
System Requirements:
Windows, Mac, Linux and Solaris operating systems
Internet Explorer, Safari and Firefox Web browsers
Separate telephone line needed for the audio portion
Friday, April 2, 2010
SBA 2010 SOPs
The SBA has a rolling list of SOPs they issue for their programs. Check it out to stay up-to-date with all the SBA program changes.
Click Here to go to the SBA 2010 SOP webpage.
Here's a shortened URL address to take you there;
http://bit.ly/SBA_2010_SOPs
The SBA has a rolling list of SOPs they issue for their programs. Check it out to stay up-to-date with all the SBA program changes.
Click Here to go to the SBA 2010 SOP webpage.
Here's a shortened URL address to take you there;
http://bit.ly/SBA_2010_SOPs
Thursday, March 11, 2010
Minnesota Lender SBA Activity as of 2/28/2010
The latest report of lenders who originate SBA Backed loans is available by clicking here. Wells Fargo leads with the total dollar amount and with the total number of loans (i.e. volume).
The Minnesota SBA District Office ranks first in the nation in the number of loan guarantees and seventh in the nation in dollars of loan guarantees out of 68 district offices nationwide.
The latest report of lenders who originate SBA Backed loans is available by clicking here. Wells Fargo leads with the total dollar amount and with the total number of loans (i.e. volume).
The Minnesota SBA District Office ranks first in the nation in the number of loan guarantees and seventh in the nation in dollars of loan guarantees out of 68 district offices nationwide.
New Maximum Rates for SBA 7(a) Loans
Here is a sheet listing the maximum interest rates that may be charged for SBA 7(a) loans depending on the amount and the maturity of the loan. Click here for the information.
Here is a sheet listing the maximum interest rates that may be charged for SBA 7(a) loans depending on the amount and the maturity of the loan. Click here for the information.
Monday, March 8, 2010
Extension of SBA Recovery Lending Programs Will Support $1.8 Billion in Small Business Lending
As noted earlier on this blog, the SBA Recovery Lending Programs were extended. For full details you can click here for the full Press Release (in PDF format) issued by the SBA on this item.
As noted earlier on this blog, the SBA Recovery Lending Programs were extended. For full details you can click here for the full Press Release (in PDF format) issued by the SBA on this item.
House Small Business Committee weighs in on SBA 2011 Budget
Rep. Nydia M. Velázquez (D-NY), the Chairwoman of the House Committee on Small Business, comments on the 2011 budget for the US Small Business Administration (SBA). This is the government entity most directly involved with helping small businesses to succeed, and small businesses are often touted as being the economic driver of the economy and the major job creator.
Here's what she noted about the budget for the SBDC;
“Entrepreneurial Development programs have a track record of solid returns. In fact, every $1 spent on these efforts puts another $2.87 back into the Treasury. Most of these programs--such as Small Business Development Centers-- are catalysts for job creation. Unfortunately, the FY2011 budget would flat fund virtually all of them. It instead invests in unproven efforts like the Emerging Leaders program, which does essentially the same thing as SBDC’s, only at twice the cost. The end result is spending $6,000 on each job created when we could be spending $3,000."
Here in Minnesota, the Minnesota Small Business Development Centers program has beat the national average listed above with a program cost per job of only $382, generating a ROI (Return on Investment) in the program of $13.14.
The full statement by Rep. Nydia M. Velázquez can be found by clicking here.
To view the 2008 Annual Report for the MnSBDC (in PDF format), please click here. (The 2009 report will be available shortly)
As always, the MnSBDC program stands ready to assist small businesses in the state of Mn to succeed, and nationwide, there is an SBDC program in each state, ready to spring to action to help small businesses succeed.
Rep. Nydia M. Velázquez (D-NY), the Chairwoman of the House Committee on Small Business, comments on the 2011 budget for the US Small Business Administration (SBA). This is the government entity most directly involved with helping small businesses to succeed, and small businesses are often touted as being the economic driver of the economy and the major job creator.
Here's what she noted about the budget for the SBDC;
“Entrepreneurial Development programs have a track record of solid returns. In fact, every $1 spent on these efforts puts another $2.87 back into the Treasury. Most of these programs--such as Small Business Development Centers-- are catalysts for job creation. Unfortunately, the FY2011 budget would flat fund virtually all of them. It instead invests in unproven efforts like the Emerging Leaders program, which does essentially the same thing as SBDC’s, only at twice the cost. The end result is spending $6,000 on each job created when we could be spending $3,000."
Here in Minnesota, the Minnesota Small Business Development Centers program has beat the national average listed above with a program cost per job of only $382, generating a ROI (Return on Investment) in the program of $13.14.
The full statement by Rep. Nydia M. Velázquez can be found by clicking here.
To view the 2008 Annual Report for the MnSBDC (in PDF format), please click here. (The 2009 report will be available shortly)
As always, the MnSBDC program stands ready to assist small businesses in the state of Mn to succeed, and nationwide, there is an SBDC program in each state, ready to spring to action to help small businesses succeed.
Thursday, March 4, 2010
SBA Stimulus Loans Reauthorized
The President signed a bill on 3/2/2010 that reauthorizes the expired 90-percent guarantee on the S.B.A.’s general business loans through March 28th. The $60 million appropriation funds this higher guarantee and eliminates borrower fees for both the 7(a) and the 504 loan program.
The President signed a bill on 3/2/2010 that reauthorizes the expired 90-percent guarantee on the S.B.A.’s general business loans through March 28th. The $60 million appropriation funds this higher guarantee and eliminates borrower fees for both the 7(a) and the 504 loan program.
Thursday, February 25, 2010
Get in Line! (for the SBA Backed Small Business Loans)
The funding for the enhanced SBA guaranteed small business loans ran out Friday, February 19, 2010 and its time to get in line and hope they will restart with additional funding from Congress.
Similar to what happened in November 2009 when the SBA Recovery Loan program ran out of its original allotment of $375 million, there is an additional appropriation awaiting congressional approval - it passed the House and is stalled in the Senate.
The last time this happened the extra $175 million lasted until last Friday, February 19. The SBA has seen a dramatic increase in the average weekly loan volume, increasing by nearly 90% since February 2009, so the lending is helping the small business market to get back on their feet.
The advantage of getting in line for the enhanced loans is the higher guarantee amount (attractive to the lending institution), and in some cases waived fees.
After you get in line, you can watch the loan que here on the SBA website.
The funding for the enhanced SBA guaranteed small business loans ran out Friday, February 19, 2010 and its time to get in line and hope they will restart with additional funding from Congress.
Similar to what happened in November 2009 when the SBA Recovery Loan program ran out of its original allotment of $375 million, there is an additional appropriation awaiting congressional approval - it passed the House and is stalled in the Senate.
The last time this happened the extra $175 million lasted until last Friday, February 19. The SBA has seen a dramatic increase in the average weekly loan volume, increasing by nearly 90% since February 2009, so the lending is helping the small business market to get back on their feet.
The advantage of getting in line for the enhanced loans is the higher guarantee amount (attractive to the lending institution), and in some cases waived fees.
After you get in line, you can watch the loan que here on the SBA website.
Monday, February 22, 2010
*FREE* Webinar for Youth Entreprenures
SBA Offers Free Youthpreneur Webinar Series to Promote Entrepreneurship and Financial Literacy
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Recognizes National Entrepreneurship Week & America Saves Week
February 20-28, 2010
WHAT: The U.S. Small Business Administration will host a series of Youthpreneur Webinars in recognition of National Entrepreneurship Week and America Saves Week. The topics will emphasis youth entrepreneurship and engage the next generation of small business owners in skills building and financial empowerment. They will be able to learn the basics of entrepreneurship, strategies for today’s business world, and using social networking to advance business ideas.
WHEN: February 23-25, 2010
Daily, 11:00 a.m. and 3:00 p.m. (ET)
WHO: Be inspired and learn from some of the best in business and entrepreneurship.
Webinar presenters and topics include:
Jennifer Matthews, President and CEO
Creating Financial Literacy, LLC
Topic: Why My Credit Score Matters NOW
Tuesday, February 23 at 11:00 a.m.
Vince Shorb, President, The National Youth Financial Educator’s Council (NYFEC)
Topic: Financial Education/Entrepreneurship
Tuesday, February 23 at 3:00 p.m.
Steven Harris, President
JS Investment Group
Topic: Youth Entrepreneurship and Financial Literacy
Wednesday, February 24 at 11:00 a.m.
Michael Simmons, Co-Founder & CEO, Extreme Entrepreneurship Tour
Topic: Why Every Student Should Be an Entrepreneur
Wednesday, February 24 at 3:00 p.m.
Shonika Proctor, CEO, Renegade CEO’s
Topic: Me…Myself...and Why? A Business Roadmap for Determined Teens Who are Making Their Way
Thursday, February 25 at 11:00 a.m.
Jason Duff, Founder and CEO, Community Storage & Properties, LTD and COMSTOR Outdoor, LTD
Topic: How to Leverage Top Internet Tools to Grow and Market Your Business
at No Cost
Thursday, February 25 at 3:00 p.m.
HOW: For free visual and audio access to the Webinar go to www.ReadyTalk.com
Click “join a meeting” and enter access code 3761101
Then dial 866.740.1260 and enter access code 3761101 (plus the #key)
System Requirements:
- Windows, Mac, Linux and Solaris operating systems
- Internet Explorer, Safari and Firefox Web browsers
- Separate telephone line needed for the audio portion
For more information Contact: Cecelia Taylor (202) 401-3059 Advisory Number: MA10-02 Internet Address: http://www.sba.gov/news
SBA Offers Free Youthpreneur Webinar Series to Promote Entrepreneurship and Financial Literacy
---
Recognizes National Entrepreneurship Week & America Saves Week
February 20-28, 2010
WHAT: The U.S. Small Business Administration will host a series of Youthpreneur Webinars in recognition of National Entrepreneurship Week and America Saves Week. The topics will emphasis youth entrepreneurship and engage the next generation of small business owners in skills building and financial empowerment. They will be able to learn the basics of entrepreneurship, strategies for today’s business world, and using social networking to advance business ideas.
WHEN: February 23-25, 2010
Daily, 11:00 a.m. and 3:00 p.m. (ET)
WHO: Be inspired and learn from some of the best in business and entrepreneurship.
Webinar presenters and topics include:
Jennifer Matthews, President and CEO
Creating Financial Literacy, LLC
Topic: Why My Credit Score Matters NOW
Tuesday, February 23 at 11:00 a.m.
Vince Shorb, President, The National Youth Financial Educator’s Council (NYFEC)
Topic: Financial Education/Entrepreneurship
Tuesday, February 23 at 3:00 p.m.
Steven Harris, President
JS Investment Group
Topic: Youth Entrepreneurship and Financial Literacy
Wednesday, February 24 at 11:00 a.m.
Michael Simmons, Co-Founder & CEO, Extreme Entrepreneurship Tour
Topic: Why Every Student Should Be an Entrepreneur
Wednesday, February 24 at 3:00 p.m.
Shonika Proctor, CEO, Renegade CEO’s
Topic: Me…Myself...and Why? A Business Roadmap for Determined Teens Who are Making Their Way
Thursday, February 25 at 11:00 a.m.
Jason Duff, Founder and CEO, Community Storage & Properties, LTD and COMSTOR Outdoor, LTD
Topic: How to Leverage Top Internet Tools to Grow and Market Your Business
at No Cost
Thursday, February 25 at 3:00 p.m.
HOW: For free visual and audio access to the Webinar go to www.ReadyTalk.com
Click “join a meeting” and enter access code 3761101
Then dial 866.740.1260 and enter access code 3761101 (plus the #key)
System Requirements:
- Windows, Mac, Linux and Solaris operating systems
- Internet Explorer, Safari and Firefox Web browsers
- Separate telephone line needed for the audio portion
For more information Contact: Cecelia Taylor (202) 401-3059 Advisory Number: MA10-02 Internet Address: http://www.sba.gov/news
Monday, February 8, 2010
Latest in a Series of New Small Business Proposals by President Obama
1. Expand SBA’s existing 504 program to temporarily support refinancing for owner-occupied commercial real estate loans:
The Administration is proposing legislation to temporarily allow for the refinancing of owner-occupied commercial real estate (CRE) loans under the SBA’s 504 program, which provides guarantees on loans for the development of real estate and other fixed assets. Currently, 504 loans cannot be used for the refinancing of maturing debt. This change would respond to the difficulties many current, solvent borrowers face in refinancing existing commercial real estate loans.
Businesses with a loan maturing in the next year who are current on all loan payments will be eligible. Lenders that are refinancing mortgages for existing customers will make a loan for up to 70 percent of the current property value; and SBA will help finance the remaining 20 percent. For new lenders taking on a refinancing project, SBA will take on a greater share of financing, up to 40 percent.
2. Temporarily increase the cap on SBA Express loans from $350,000 to $1 million:
The President is proposing to temporarily increase the maximum SBA Express loan size to $1 million, which would expand the program’s ability to help a broad range of small businesses through a streamlined approval process. Unlike traditional 7(a) loans, lenders can use their own paperwork for SBA Express loans, which can be structured as revolving lines of credit. Currently, these Express loans are capped at $350,000 and carry a 50 percent guarantee. Fees would cover virtually all of the added costs of this proposal.
These proposals complement the President’s broader small business agenda - a key part of his overall jobs plan. The other elements of the small business agenda include:
• Extending small business expensing and bonus depreciation for 2010. Eliminating capital gains taxes for small businesses in 2010.
• A Small Business Jobs and Wages Tax Credit that would cut taxes for more than 1 million small businesses by paying up to $5,000 for every net new job and covers payroll taxes on overall wage increases in excess of inflation.
• A proposal to transfer, through legislation, $30 billion to a new Small Business Lending Fund that will support lending by community and smaller banks.
• Additional SBA lending proposals, including an extension of the Recovery Act programs that eliminate fees and raise guarantees on SBA’s two largest loan programs and permanent increases in the maximum loan sizes for major SBA programs.
1. Expand SBA’s existing 504 program to temporarily support refinancing for owner-occupied commercial real estate loans:
The Administration is proposing legislation to temporarily allow for the refinancing of owner-occupied commercial real estate (CRE) loans under the SBA’s 504 program, which provides guarantees on loans for the development of real estate and other fixed assets. Currently, 504 loans cannot be used for the refinancing of maturing debt. This change would respond to the difficulties many current, solvent borrowers face in refinancing existing commercial real estate loans.
Businesses with a loan maturing in the next year who are current on all loan payments will be eligible. Lenders that are refinancing mortgages for existing customers will make a loan for up to 70 percent of the current property value; and SBA will help finance the remaining 20 percent. For new lenders taking on a refinancing project, SBA will take on a greater share of financing, up to 40 percent.
2. Temporarily increase the cap on SBA Express loans from $350,000 to $1 million:
The President is proposing to temporarily increase the maximum SBA Express loan size to $1 million, which would expand the program’s ability to help a broad range of small businesses through a streamlined approval process. Unlike traditional 7(a) loans, lenders can use their own paperwork for SBA Express loans, which can be structured as revolving lines of credit. Currently, these Express loans are capped at $350,000 and carry a 50 percent guarantee. Fees would cover virtually all of the added costs of this proposal.
These proposals complement the President’s broader small business agenda - a key part of his overall jobs plan. The other elements of the small business agenda include:
• Extending small business expensing and bonus depreciation for 2010. Eliminating capital gains taxes for small businesses in 2010.
• A Small Business Jobs and Wages Tax Credit that would cut taxes for more than 1 million small businesses by paying up to $5,000 for every net new job and covers payroll taxes on overall wage increases in excess of inflation.
• A proposal to transfer, through legislation, $30 billion to a new Small Business Lending Fund that will support lending by community and smaller banks.
• Additional SBA lending proposals, including an extension of the Recovery Act programs that eliminate fees and raise guarantees on SBA’s two largest loan programs and permanent increases in the maximum loan sizes for major SBA programs.
Thursday, February 4, 2010
Minnesota District Office ranks first in the nation in number of loan guarantees and seventh in the nation in dollars of loan guarantees out of 68 district offices nationwide.
While small business lending by large banks is down, SBA backed small business loans continue to help the small business community to survive. This Wall Street Journal article notes that; "The top 22 largest lenders under the government's Troubled Asset Relief Program approved $6.9 billion in loans in November, down 7.4% from April."
The Minnesota District Office continues to turn in an impressive record, and note that in MN the two top spots on the list are held by large banks; Wells Fargo and US Bank. Here's the full details.
While small business lending by large banks is down, SBA backed small business loans continue to help the small business community to survive. This Wall Street Journal article notes that; "The top 22 largest lenders under the government's Troubled Asset Relief Program approved $6.9 billion in loans in November, down 7.4% from April."
The Minnesota District Office continues to turn in an impressive record, and note that in MN the two top spots on the list are held by large banks; Wells Fargo and US Bank. Here's the full details.
Tuesday, January 12, 2010
SBA, Dell Launch New Educational Video Series to Help Small Businesses Grow, Create Jobs
WASHINGTON – Highlighting the experiences of successful entrepreneurs, the U.S. Small Business Administration and Dell today launched an online video series offering tools and strategies to help small business owners rebound from the economic recession and put themselves in a position to expand and create jobs.
Strategies for Growth: Advice for Expanding Your Business includes real-world insight, solutions and advice from small business owners who’ve succeeded, in good and bad economic times. Additionally, the series draws on the expertise of counselors, policy makers and others for accessing resources and tools available to small business owners.
The Strategies for Growth video series highlights key topics that engage small business owners in issues critical to small business growth. These areas include Planning for Growth, Government Contracting, Team Building, Marketing, Technology, Exporting Opportunities, and Disaster Recovery. Also featured is a Profiles of Success segment that spotlights two successful entrepreneurs.
The Strategies for Growth video series features a range of growing small businesses from across the country, including a design firm, a vegetarian restaurant and bakery, and a green construction company. They are:
Strategies for Growth is available on the SBA’s Web site at www.sba.gov/StrategiesForSuccess and at the SBA’s YouTube channel at www.YouTube.com/sba. Each topic is indexed by subject and includes additional resources for entrepreneurs.
SBA Release Number: 09-82
WASHINGTON – Highlighting the experiences of successful entrepreneurs, the U.S. Small Business Administration and Dell today launched an online video series offering tools and strategies to help small business owners rebound from the economic recession and put themselves in a position to expand and create jobs.
Strategies for Growth: Advice for Expanding Your Business includes real-world insight, solutions and advice from small business owners who’ve succeeded, in good and bad economic times. Additionally, the series draws on the expertise of counselors, policy makers and others for accessing resources and tools available to small business owners.
The Strategies for Growth video series highlights key topics that engage small business owners in issues critical to small business growth. These areas include Planning for Growth, Government Contracting, Team Building, Marketing, Technology, Exporting Opportunities, and Disaster Recovery. Also featured is a Profiles of Success segment that spotlights two successful entrepreneurs.
The Strategies for Growth video series features a range of growing small businesses from across the country, including a design firm, a vegetarian restaurant and bakery, and a green construction company. They are:
- Grace Dittmar, Trusted Mission Solutions of McLean, Va.
- Warren Brown, CakeLove of Washington, D.C.
- Don Matzkin and Anthony Bracali, Friday Architects of Philadelphia, Pa.
- Juan and Luis Yépez, Mainstream Global of Lawrence, Mass.
- Ann-Marie Harrington, Embolden of Pawtucket, R.I.
- Laurie Benson, Inacom of Madison, Wis.
- Bryan Vulcan, FourFront Design of Rapid City, S.D.
- Avinash Rachmale, Lakeshore Engineering of Detroit, Mich.
- Jenna Sellmeyer and Jennifer Fogg, ASSET Group of Oklahoma City, Okla.
- Jesus & Luisa Mendoza, Mr. Natural of Austin, Texas
- Andrew Kruse, Southwest Windpower of Flagstaff, Ariz.
- Mary Tappouni, Breaking Ground Construction of Jacksonville, Fla.
Strategies for Growth is available on the SBA’s Web site at www.sba.gov/StrategiesForSuccess and at the SBA’s YouTube channel at www.YouTube.com/sba. Each topic is indexed by subject and includes additional resources for entrepreneurs.
SBA Release Number: 09-82
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