Last week, President Obama signed a bill reauthorizing the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for another six years. This long-term reauthorization is good news for the innovative small businesses that these programs support. SBIR and STTR invest about $2.5 billion a year in America’s most promising small research and development companies. Through SBIR and STTR, federal agencies with large R&D budgets provide competitive awards to help small businesses bring their best innovations from the drawing board to the marketplaceRead More
If you’re starting a business that requires significant financial investment up front, finding a source of funding can be a challenge, especially since the average cost of starting a business is $30,000. This is particularly true for young entrepreneurs who lack a strong credit history or don’t want the hassle of dealing with banks or private lenders.
As our nation prepares to ring in the new year, the Department of Commerce's U.S. Census Bureau projects the January 1, 2012, total United States population will be 312,780,968. This would represent an increase of 2,250,129, or 0.7 percent, from New Year's Day 2011, and an increase of 4,035,430, or 1.3 percent, since Census Day (April 1, 2010).Read More
Guest blog post by David Kappos, Under Secretary of Commerce for Intellectual Property and Director of the USPTOAs December draws to a close , it’s difficult to imagine a more historic year for the United States Patent and Trademark Office (USPTO) than 2011. The dedication and hard work of our talented public servants has enabled the Agency to make significant strides in the quality, efficiency, and certainty of patents and trademarks granted to technological enterprises.Read More
In the coming year, the Commerce Department’s National Telecommunications and Information Administration (NTIA) will continue its focus on three key areas: expanding high speed Internet access and adoption, freeing up more spectrum for wireless broadband, and promoting policies that preserve the Internet as an engine for innovation and economic growth.Read More
Innovation drives economic growth and creates skilled, high-wage jobs. To maintain a high standard of living for its citizens, the United States must continue to produce new, high quality products and we must sell them in the global marketplace. As Secretary John Bryson said recently, the U.S. must “Build it here and sell it everywhere.”Commerce's National Institute of Standards and Technology (NIST) helps U.S.Read More
Are you interested in environmental responsibility and stewardship? Think you’ve got the skills to turn this into a career? Becoming a “green consultant” might be the ideal home-based business opportunity you’ve been looking for.
According to Rieva Lesonsky, CEO of GrowBiz Media, green consultants who help businesses assess their environmental footprint and develop sustainable strategies are poised to be the next hot industry, growing 9.4 percent per year to $30 billion in 2016.
Looking to realize your dream and open a restaurant business? Now may be just the time to do it. Earlier this year the National Restaurant Association predicted that after a three-year period of negative sales growth, the restaurant business would post positive growth and reach a record $604 billion in sales.
Why do credit ratings play such an essential role in our everyday lives?
Credit ratings are essential because they indicate how likely an individual, a business, a city, a county, a state, or even a country is able to repay a debt. Each one of these entities has a credit rating and depending on positive or negative factors, a rating can be upgraded or downgraded.
For example, the U.S. had always maintained a top tier AAA credit rating. But recently, one of the major credit-rating agencies, Standard & Poor, downgraded our country’s credit rating for the first time.