U.S. Commerce Secretary John Bryson today announced the 16 companies that will join him on a business development mission to India, his first as Commerce Secretary. During the mission, Secretary Bryson will meet with senior-level Indian government officials to advocate for U.S. export opportunities in India’s rapidly expanding infrastructure sector, and promote investment opportunities in America – both key priorities of the Obama Administration. The mission will take place March 25-30 with stops in New Delhi, Jaipur and Mumbai.Read More
Earlier this month, over 300 participants joined the White House Business Council and SBA for the Urban Economic Forum in Birmingham, AL which connected entrepreneurs and business owners to local and national resources they need to start, grow and create jobs. The Urban Economic Forum is a multi-city series designed to help urban small business owners create an economy built to last. On Thursday, March 22, we’re taking the Urban Economic Forum to Los Angeles, CA.
America is adding manufacturing jobs for the first time since the 1990s. We have created 440,000 good manufacturing jobs over the past two years, and we know that small businesses are leading the charge here. They create about two-thirds of net new jobs in the country, and more than a third of all manufacturing employees work for a small business.Read More
Meet David Leonard, Branch Manager, Office of Economic Development, Nevada District Office
When a friend or family member asks what you do to help small businesses,
what do you say?
My mission is to create jobs by assisting in the startup and expansion of small
businesses. I accomplish this mission with a wide variety of SBA programs and
services which are invaluable to the survival and success of small firms in Nevada
outside Clark County. I work to ensure that small businesses, financial institutions,
If you’re a sole proprietor with no employees and very little business overhead, what you pay yourself is pretty much what you earn in sales minus your costs and taxes. But what happens when your business grows, or you enter a partnership, or take on employees – how do you determine what your salary should be?
As a business owner, setting your own salary can be a tricky task, especially in markets that see highs and lows. Here are a few tips to help you determine the best way to "pay the boss.”
No Magic Formula
week, U.S. Commerce Secretary and former CEO John Bryson traveled to Florida to
meet with local business leaders and discuss his priorities for supporting
advanced manufacturing and encouraging exports. On Thursday evening, Bryson
to the National Association of Manufacturers Board of Directors dinner in Boca
Raton, Fla. Friday morning, he visited the Port of Miami and took a tour of
Pavilion Furniture, a Miami Gardens, Fla. company that is working with
The United States-Korea Trade Agreement (KORUS Agreement) enters into effect today, reducing tariffs on almost all U.S. industrial exports to South Korea and making it easier for U.S. exporters to successfully compete in the Korean market.With the implementation of the KORUS Agreement, tariffs will immediately be eliminated on almost 80 percent of U.S. exports to Korea.Tariffs will also be reduced on other industrial exports that are not made automatically duty-free—the average tariff rate on U.S. industrial exports to South Korea will be reduced from 6.2 percent to 1.1 percent.Read More
Drought lingers in southern Plains and Southeast, expands in West and upper MidwestFor the first time in four years, no area of the country faces a high risk of major to record spring flooding, largely due to the limited winter snowfall, according to NOAA’s annual Spring Outlook, which forecasts the potential for flooding from April to June. “We’re not forecasting a repeat of recent historic and prolonged flooding in the central and northern U.S., and that is a relief,” said Laura Furgione, deputy director, NOAA’s National Weather Service.Read More
The US- Korea trade agreement, which takes effect today, is a major win for America’s small businesses. A key part of President Obama’s National Export Initiative, this historic agreement provides businesses with greater access to a fast growing market and more opportunities to create jobs. It is estimated that the tariff cuts in the agreement will support 70,000 American jobs.
There’s no doubt about it, women are a rising force in American entrepreneurship. Here are some fast facts on women-owned businesses:
The latest Census data indicates that 7.8 million U.S. businesses are owned by women. This represents a stunning 44% increase from 1997-2007, twice the growth rate of men-owned businesses.
Women-owned firms now make up close to a third (29%) of all nonfarm businesses across the country.
These firms generate a total of $1.2 trillion annually and employ 7.6 million people.Read More