February 16, 2012 - 7:09am
How are you backing up your small business data? If you are like most small businesses, you could be compromising your business and its data on a daily basis. A 2011 survey by Carbonite, a provider of online backup solutions, found some facts about data loss that may surprise you: Forty-eight percent of American small businesses with between two and twenty employees have experienced data loss, up from 42 percent in 2010. Top causes of data loss include hardware/software failure (54 percent), accidental deletion (54 percent), viruses (33 percent) and theft (10 percent).
February 15, 2012 - 3:00pm
Today President Obama visited Master Lock in Milwaukee, Wisconsin and announced that the Department of Commerce will host the first annual SelectUSA Investment Summit, bringing companies from around the world to meet with governors, mayors and local stakeholders, federal agencies, and state and local economic development organizations together to discuss the benefits of investing and growing in the U.S. The Summit will build on the Administration’s efforts to promote investment in the U.S. by providing an annual forum to attract and expand U.S.
February 15, 2012 - 7:15am
Are you or your partner trying to exit or dissolve your business partnership? Business partnerships dissolve for many reasons – one partner may have lost interest, is no longer committed to the business or just wants to retire. Sometimes things just don’t work out. But how do you plan and execute a clean dissolution of your partnership? What are your options and what legal steps must you take? Let’s take a walk-through your options and your obligations. Revisit Your Partnership Agreement and Review Your Options
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