February 14, 2012 - 5:24pm
As we celebrate Black History Month, we are reminded of the remarkable men and women who have made an impact in our communities. For me, one of those individuals is my grandfather, an entrepreneur and business owner. My grandfather owned a landscaping company that became the first African American-owned firm in Indiana to win a state contract—for cutting the grass along state highways.
February 14, 2012 - 1:28pm
Mobile technology has enabled us to run our businesses on the fly. It has also helped us to simplify some of the tasks involved in operations, not the least of which is taxes. Here are three ways you can use mobile technology to simplify tax-required recordkeeping, stay updated on tax changes, and keep in touch with your tax advisor.
February 14, 2012 - 11:30am
Yesterday the president released his FY2013 budget request and Secretary Bryson announced the Department of Commerce’s requests. In the president’s budget, there is strong support for manufacturers by increasing investments in advanced manufacturing, new trade promotion efforts, and innovation investments. To strengthen and extend Advanced Manufacturing research, Commerce's National Institute of Standards and Technology is requesting an increase of $45M for a total of $135M. These laboratory efforts are further leveraged with a request of $21M to support the Advanced
February 13, 2012 - 1:45pm
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.
February 13, 2012 - 7:34am
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:
February 10, 2012 - 6:00pm
Today, 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 Administration can continue to support successful partnerships between
February 10, 2012 - 1:30pm
Guest blog post by Deputy Assistant Secretary for Economic Development and Chief Operating Officer for Economic Development
February 10, 2012 - 9:38am
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?”
February 9, 2012 - 3:50pm
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?
February 9, 2012 - 11:25am
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.