In FY 2012, the federal government made real progress toward delivering 23 percent of all federal contracting dollars to small businesses, with 22.25 percent going to small businesses compared to 21.65 percent in FY 2011. We also made significant impact in several key areas of small business contracting, including exceeding the goal for service disabled veterans for the first time and delivering the highest percentage of contracts to small disadvantaged businesses to date. In addition, more agencies than ever before reached or surpassed all of their prime contracting goals.
If you missed out on National Small Business Week (June 17-21), you are in luck. We’re keeping the conversation alive via a Twitter Q&A on July 9 at 2 p.m. ET. How small businesses can break into supply chains was among one of the more popular topics covered this year. So during this Twitter Q&A, we will be taking your questions about how small businesses can sell their products or services to larger companies.
Twitter Q&A- How to Break Into a Supply Chain
July 9 | 2 p.m. ET
Eight years ago, a Turkish immigrant living in upstate New York saw an ad for a shuttered yogurt plant not far from his home. Where others saw an outdated, old factory, he saw an opportunity and a burgeoning business plan. He purchased the facility using a U.S. Small Business Administration-backed loan, hired five of the employees from the original operation and went to work.
Through hard work, perseverance, long days and sleepless nights, he steadily grew the business into one of the world’s most successful yogurt companies.
Ed. note: This post is part of the Spotlight on Commerce series highlighting members of the Department of Commerce and their contributions to an Economy Built to Last.Guest blog post by Frederick Steckler, Chief Administrative Officer, U.S. Patent and Trademark OfficeAs the Chief Administrative Officer for the U.S.Read More
Penny Pritzker was sworn in yesterday as the nation’s 38th Commerce Secretary. As a key member of President Obama’s economic team, Secretary Pritzker will lead the U.S. Department of Commerce in carrying out the important work that gives entrepreneurs and businesses the tools they need to create jobs and keep the American economy growing, two of the administration’s highest priorities.Read More
What do the states of Montana,
Vermont, New Mexico, Alaska, and Mississippi have in common? They are, according
to a report published this spring by the Kauffman Foundation, Index
of Entrepreneurial Activity, 1996–2012, the states that posted the highest
rates of entrepreneurial activity in 2012.
According to the Kauffman
Today, there are more than 1.4 million LGBT-owned small businesses in the United States. These businesses play an important role in our economy and our communities.
At the U.S. Small Business Administration (SBA), we are working with the LGBT community to spur entrepreneurial activity and to ensure that more LGBT entrepreneurs have the tools and the resources they need to grow successful small businesses and create good jobs.
Ed. note: This post is part of the Spotlight
on Commerce series highlighting members of the
Department of Commerce and their contributions to an Economy Built to Last.Guest blog post by Ronald Lorentzen, Deputy
Assistant Secretary for Import Administration, International Trade
AdministrationAs the career official responsible for the day-to-day
management of Import Administration, I perform many
roles: making the budgetary ends meet;
acting as policy adviser plenipotentiary; being an “executive sponsor” of
With just about half of the year already in the books, now is the ideal time to take stock of your business activities year-to-date. This will enable you to take wise tax actions that will pay off on your tax bill when you file your 2013 income tax return next year.
What to look for in your books
Determine whether you’ve been profitable so far, and whether your numbers meet, exceed, or fall short of your estimates at the start of the year. Also, face up to losses that you may have experienced to date. If your analysis shows:
When the President challenged the nation to double exports in five years, U.S. government agencies worked closely together to increase access to export financing and foreign market opportunities.