February 21, 2012 - 12:44pm
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. Another 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 previous year. To help organizations better protect themselves from such
February 21, 2012 - 7:40am
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?
February 17, 2012 - 4:38pm
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.
February 17, 2012 - 4:00pm
Manufacturing represents nearly 60% of total U.S. exports and will play a vital role in America’s economic recovery. During 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. Today, the president toured the Boeing assembly facility in Everett, Washington, to
February 17, 2012 - 1:30pm
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 while traveling to manufacturers in Columbus, Norfolk, Pittsburgh, and
February 17, 2012 - 1:05pm
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.
February 17, 2012 - 11:30am
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. Since the President announced his goal, exports
February 17, 2012 - 11:00am
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.
February 16, 2012 - 6:30pm
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.
February 16, 2012 - 4:15pm
One of the Chief Architects of the Obama Administration's Bottom-Up Innovation Strategies, U.S. Department of Commerce Assistant Secretary for Economic Development John R. Fernandez to Return to Private Sector to Promote Innovation, Job Creation and Global CompetitivenessU.S. Commerce Department Assistant Secretary for Economic Development John R. Fernandez has spent the last two and a half years – amid the most severe economic downturn in generations – successfully guiding the Economic Development Administration (EDA). In this role, he has led the Federal