January 25, 2012 - 5:30pm
Today, a day after attending the president’s State of the Union address, Secretary Bryson had the opportunity to tour Paramount Sleep, a family-owned mattress factory, and meet with local business leaders in Norfolk, Virginia to talk about manufacturing and how the Commerce Department can help businesses build products here and sell them everywhere. Like many other businesses across the country, Paramount Sleep was hit by the recent recession–but they pressed on. Today, they manufacture high-end products using about 90% U.S. content. They have
January 25, 2012 - 4:00pm
Guest blog post by Francisco J. Sánchez, Under Secretary of Commerce for International TradeGood things are happening here in North Carolina.
January 25, 2012 - 3:07pm
Last night I had the honor of attending President Obama’s State of the Union Address as a member of his cabinet. In the speech, the President laid out his vision for an economy that’s built to last. It’s an economy based on American manufacturing, American energy, skills for American workers, and a renewal of American values. I had the chance see one of those pillars in action today.
January 25, 2012 - 10:30am
In last night's State of the Union address, President Obama laid out proposals for how to bring about a new era of American manufacturing, with more good jobs and more products stamped Made in the USA. A few of the proposals are: Reward companies for bringing jobs back to America. Lower tax rates for companies that manufacture and create jobs in the United States. Get tough on trade enforcement.
January 25, 2012 - 9:15am
Ever wonder if you need to get a lawyer involved in a business matter? A lawyer can help in many business scenarios, from helping with the incorporation process, drawing up contracts and, if necessary, representing you in litigation. But is a lawyer always necessary or are there times when you are better off saving the big bucks and navigating legal processes on your own? Here are some guidelines to help you know which legal business issues you can probably handle independently and when it’s really time to retain a lawyer. Legal Issues You Can Handle on Your Own
January 24, 2012 - 7:34pm
Will your startup ambitions become a reality in 2012? In a recent study, 70% of Americans indicated they want to start their own business, but many never take the leap because of lack of knowledge, direction and fear of failure. Let’s face it, starting a business can be intimidating, and risk of the unknown is one major hurdle that few are willing to deal with. With a job, there tends to be this perception of security and certainty. You show up for work, do your job, and collect a paycheck.
January 24, 2012 - 2:00pm
Guest blog by Matthew S. Erskine, U.S. Deputy Assistant Secretary of Commerce for Economic Development Today, I was pleased to join St. Louis Mayor Francis Slay and colleagues from the U.S. Small Business Administration (SBA) and the Department of Labor’s Employment and Training Administration (DOL/ETA) at an event to spotlight federal investments that are catalyzing the growth of the critical, job-creating St. Louis biosciences cluster.The day was focused on the partnership between the St. Louis County Economic Council, the St. Louis Agency on Training and Employment, and the St.
January 23, 2012 - 6:30pm
U.S. Commerce Secretary John Bryson met with India’s Ambassador to the United States Nirupama Rao to discuss U.S.-India relations and Secretary Bryson’s upcoming trade mission to India in March. This was the first meeting between Secretary Bryson and Ambassador Rao, who assumed her current responsibilities in September 2011. Secretary Bryson and Ambassador Rao also discussed the Department of Commerce’s extensive partnerships with the Government of India through the Bureau of Industry and Security, the International Trade Administration, the National Institute of Standards and
January 23, 2012 - 1:29pm
Recently, the SBA asked how we could use apps to put customized tools directly in the hands of entrepreneurs and small business owners. We reached out to entrepreneurs themselves to help find the answers through a nationwide competition with $20,000 in total prizes. Here are the winning apps: First Place: SBA Gems– Find loans, grants, permits and more. Developer - Somesh Kumar, Fremont, California Second Place: CapitaList– Find federal databases for licenses, awards, proposals and websites. Developer – Muneeb Akhter, Springfield, Virginia
January 23, 2012 - 7:06am
Heard of bootstrapping? Well, it’s not just for startups anymore. If your business is strapped for cash, you might consider bootstrapping to get you through it. What is Bootstrapping? Bootstrapping is the process of starting a business with little investment or funding of your own. Many small business owners and entrepreneurs start out this way. Even if you are well beyond the startup phase, however, the principles of bootstrapping can still make sense handy if your business is facing cash constraints. How Can Bootstrapping Help Cash-Strapped Businesses?