We are tremendously excited by the recent reauthorization of the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) program. The program is an important one to small businesses, each year providing more than $2 billion of R&D funding to innovative small business across a broad range of technologies. After a long series of temporary reauthorizations, Congress voted to reauthorize the program and the President signed the bill into law on December 31, 2011.
According to a
recent industry study, cyber crimes cost the global economy $388 billion
annually in both direct financial losses and the value of lost time dealing
with the effects of cyber crime. The study found that about 431 million adults
are victims of cyber crime each year.
recent study found that annual cyber crime costs for larger U.S. companies
averaged about $5.9 million each with
a 44 percent increase in the number of successful cyber attacks compared to the
Collecting sales tax is one of the most confusing aspects of transacting business – online and off!
In fact, questions about sales tax are among the most frequently asked on the SBA.gov Community “Filing and Paying Taxes” discussion thread. Questions abound. When does sales tax apply? What transactions are exempt? What happens if you are selling online or to someone outside your sales tax jurisdiction?
Whether you’re starting a new business or expanding into e-commerce, here’s what you need to know about your sales tax obligations:
What is sales tax?
Today, SBA Deputy Administrator Marie Johns and Washington, DC Mayor Vincent Gray kicked off a new initiative – HUBDC -- to help District of Columbia small businesses participate in SBA’s HUBZone program. HUBDC is a partnership between the DC government and SBA designed to help small businesses in the District get access to federal procurement opportunities and set-asides.
Today’s announcement is the first of 68 HUBZone outreach events at SBA offices throughout the country.
represents nearly 60% of total U.S. exports and will play a vital role in
America’s economic recovery.
his State of the Union address, President Obama laid out a blueprint for an
"America Built to Last." That starts with American manufacturing. And in his
FY2013 budget request, the president outlined strong support for manufacturers
by increasing investments in advanced manufacturing, new trade promotion
efforts, and innovation.
Over the past three years, business owners and entrepreneurs
have told us that they don’t have the time or resources to navigate the maze of
government agencies and need a one stop shop where they could go for all the
assistance they need at every stage of their development. As President
Obama said in his State of the Union address last month, we need to give U.S.
businesses every opportunity and tool to succeed and not a maze to navigate. And as Secretary Bryson has said multiple times
Today, the Obama Administration is launching a new online platform, BusinessUSA, to help small businesses and exporters of all sizes find information about available federal programs without having to waste time and resources navigating the federal bureaucracy.
BusinessUSA, currently in “beta”, combines information and services from 10 different government agencies through one consolidated website and coordinate telephone support through a single 800#. The site already presents hundreds of business resources, in one place.
In his 2010 State of the Union address, President Obama set
a goal of doubling exports by the end of 2014 – an increase that will support
two million additional jobs here at home. In a time when millions of Americans
are out of work, boosting U.S. exports is a short-term imperative because
exports support millions of good, high-paying American jobs. And for companies
looking to expand, looking beyond our borders only makes sense because 95% of
the world’s customers are outside our borders.
Guest blog post by Nicole Y. Lamb-Hale, Assistant Secretary for Manufacturing and Services, International Trade AdministrationThis week I’m in Singapore leading a delegation of fifteen small and medium sized U.S. aerospace companies to the 2012 Singapore Air Show. The delegation is part of the overall presence of U.S. companies at the U.S. International Pavilion, which this year featured more than 70 companies, 27 of whom are first time exhibitors. In total, more than 170 U.S.Read More
Today Secretary Bryson returned to his home city and led a roundtable with Los Angeles-area businesses about trade with China. Bryson delivered the message that the U.S. and China need greater balance in our trade and economic relationship – and a level playing field for American businesses. To ensure a level playing field, the President has requested funding for an Interagency Trade Enforcement Center coordinated through Commerce Department’s International Trade Administration and the U.S. Trade Representative’s office.Read More