Secretary John Bryson today released the Department of Commerce’s fiscal year 2013 budget request that includes support for advanced manufacturing, new trade promotion efforts, innovation investments, finds $176 million in administrative savings.The Commerce budget makes critical investments in advanced manufacturing, innovation, entrepreneurship and competitiveness and trade promotion and enforcement to help create jobs. The nearly 5 percent increase reflects President Obama and Secretary Bryson’s commitment to encouraging U.S.Read More
Did your business incur expenses before you were technically “open for business”? Did you know that you can write off some of these expenses against your business as soon as you are operational?
Read on for tips and information about deducting startup costs, plus advice about when you may not want to immediately claim these deductibles.
What Are Deductible Startup Costs?
The IRS defines “startup costs” as deductible capital expenses that are used to pay for:
Secretary John Bryson traveled to Minneapolis, Minnesota, to tour facilities at
Minneapolis Community Technical College (MCTC), along with Mayor R.T. Rybak and
U.S. Representative Keith Ellison. After the tour, Bryson held a discussion
with business leaders, students and educators—including Steven Rosenstone,
Chancellor of Minnesota State Colleges and Universities, MCTC Graduate Mike Palm and Kimberly Arrigoni, President-Elect of Minnesota Precision Manufacturing Association—on how the Obama
Guest blog post by Deputy Assistant Secretary for
Economic Development and Chief Operating Officer for Economic Development
SBA’s small business programs range from guaranteed loans to disaster assistance and procurement programs. But how can you know if your business qualifies for SBA assistance? After all, what makes a small business “small” and a large business “large?”
What do the electric light bulb, the internal combustion engine and the transistor have in common? They are all examples of how innovative ideas can bring rapid change and growth to our economy. Innovation has long been recognized as an important driver of economic growth. New ideas can spark wave upon wave of new goods and services that literally transform the economy, making it more robust and vibrant. What exactly is innovation?Read More
Yesterday, Acting Deputy Commerce Secretary Rebecca Blank met with Frédéric Lefebvre, French Minister for Commerce, SMEs, Tourism, and Consumer Policy, at the Commerce Department to discuss ways to increase cooperation in the U.S.-France commercial relationship. Lefebvre is in Washington briefly before traveling to Miami for the World Symposium of French Trade Advisors on February 9–10. In light of the Euro crisis, Blank and Lefebvre discussed French growth prospects and U.S.Read More
Recently, SBA kicked off the 2012 Emerging Leaders (known as the e200) executive-level training initiative for small business owners in 27 cities, including 10 Native American communities.
How’s your business networking strategy doing? Have you even got one?
It doesn’t matter what type of business you run, networking with potential partners, customers, suppliers and even your peers is an essential part of business ownership.
For many of us though, the term “networking” conjures up images of schmoozy sales pitches and painfully difficult networking events. Let’s face it – it can be downright scary throwing yourself into a room with a glass of wine in your hand as your only defense from the pressure of kick-starting a conversation with a complete stranger!
President Obama recently laid out plans in his State of the Union address to foster an economy that’s built to last by ensuring that America has the highly skilled workers necessary for 21st century jobs. Yesterday, Acting Deputy Commerce Secretary Rebecca Blank traveled to Madison, Wisconsin, where she visited the Madison Area Technical College, a training ground for students that leads directly to skilled manufacturing jobs nationwide. Blank met with students and sat in on a training class focused on hybrid vehicle technology.Read More