February 24, 2012 - 10:30am
Guest blog post by David A. Hinson, National Director, Minority Business Development Agency Supporting the growth and global competitiveness of minority-owned businesses is a priority for the Department of Commerce and the Obama administration. And we’re making good on that priority. Last year, the Department’s Minority Business Development Agency (MBDA) registered the best annual performance in its 41-year history. It assisted minority-owned businesses in gaining access to nearly $4 billion in contracts and capital, supporting the creation of nearly 6,000 much-needed jobs.
February 23, 2012 - 3:45pm
Today, Secretary John Bryson joined National Economic Council Director Gene Sperling and FTC Chairman Jon Leibowitz for the unveiling of an online “Consumer Privacy Bill of Rights” (PDF) at an event at the White House. The Secretary spoke about the need to protect consumers and encourage the growth of responsible online commerce.As Secretary Bryson pointed out, millions of Americans shop, sell, bank, learn, talk and work online.
February 23, 2012 - 2:15pm
As the president said when he launched the Campaign to Cut Waste in June 2011, “No amount of waste is acceptable, not when it’s your money. Just as families are living within their means, government should, too, so we can invest in the things that we know will create good jobs and grow the economy.” As part of those ongoing efforts to make government more accountable to the American people and cut wasteful spending, I am happy to report today that the Commerce Department has awarded a contract for computers that is expected to save taxpayers $20-25 million over the next five years.
February 23, 2012 - 11:30am
Ed. Note: This post is part of the Spotlight on Commerce series, which highlights members of the Department
February 23, 2012 - 7:45am
Social coupon sites have been around for a few years now, and they still continue to attract and perplex small business owners. Companies such as Groupon, Living Social and EverSave have created a marketing phenomenon, delivering huge benefits to consumers – but not always delivering the return on investment that businesses might have expected. If you’re exploring the use of social coupons, here are some tips for assessing whether they will work for your business and how to plan a successful campaign. What Can Social Coupons Do for Your Small Business?
February 22, 2012 - 5:08pm
Every year, the President honors small businesses and champions of small businesses for their outstanding contributions during National Small Business Week(NSBW). This year, SBA is proud to announce the addition of three awards to honor resource partner staff and volunteer to NSBW. These are the, SBA Counselor of the Year: Small Business Development Center, SBA Counselor of the Year: Women’s Business Center and SBA Counselor of the Year: SCORE.
February 22, 2012 - 12:30pm
Today, in conjunction with the newly-launched BusinessUSA initiative, the Department of Commerce announced the launch of their business app challenge. The $10,000 contest challenges app developers to find innovative ways to utilize Commerce and other publicly available data and information to support American businesses. The business app challenge calls on developers to utilize at least one Department of Commerce data set in creating an application that assists businesses and/or improves the service delivery of Business.USA.gov to the business community. Developers may
February 22, 2012 - 11:04am
SBA employees had the opportunity to hear from Cathy Hughes, the founder of Radio One, who also serves as the Chair of the SBA’s Council on Underserved Communities. Hughes, who herself started Radio One with the support of an SBA loan in 1979, now runs the largest black-owned media company in the country, and in 2004 launched TV One, a national cable and satellite television network.
February 22, 2012 - 9:43am
Several blog posts on SBA.gov offer plenty of advice on how to hire, mentor, and motivate employees. We also frequently tackle the issue of dealing with difficult or disruptive employees. But what happens when you find yourself at the end of the road with no choice but to terminate an employee? What steps must you take? What does the law require? What are the employee’s rights? What should you do about employee benefits and continuing health care coverage?
February 21, 2012 - 7:34pm
Once you have established a corporation or limited liability company you will need to obtain a Federal Tax Identification Number also known as an Employer Identification Number (EIN). An EIN number is mandatory, because without one, your corporation will be ineffective for building business credit. A Federal Tax ID or EIN is the corporate equivalent to a social security number. It’s a nine-digit number assigned by the IRS to business entities operating in the U.S. in order to identify each company.