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.Read More
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.
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:
SBA Gems– Find loans, grants, permits and more. Developer - Somesh Kumar, Fremont, California
Second Place:Read More
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?
Commerce Department grantees provide updates on projects to promote innovation and commercialization in regions of Ore., Ohio, Pa., Fla. and Ga.To highlight the economic impact of Obama administration investments to promote American Innovation and accelerate the commercialization of research to the marketplace, the U.S. Commerce Department’s Economic Development Administration (EDA) hosted the first 21st Century Economic Capitol Hill Briefing on the new COMPETES law on January 19, 2012.Awardees of the Office of Innovation and Entrepreneurship’s (OIE) i6 Challenge came to Washington D.C.Read More
Department of Commerce has repeatedly demonstrated its commitment to working
with the private sector to strengthen the U.S. manufacturing industry and
create jobs. Today, Secretary Bryson took another opportunity to do so as host
of his first meeting of the Manufacturing Council, a
committee that advises the Department on programs impacting U.S. manufacturers.
When a friend or family member asks what you do to help small businesses, what do you say?Read More
As our economy continues to recover from the worst recession
in memory, families in communities across America remain focused on what else
NOAA announces two additional severe weather events reached $1 billion damage threshold, raising 2011’s billion-dollar disaster count from 12 to 14 eventsAccording to NOAA scientists, 2011 was a record-breaking year for climate extremes, as much of the United States faced historic levels of heat, precipitation, flooding and severe weather, while La Niña events at both ends of the year impacted weather patterns at home and around the world.NOAA’s annual analysis of U.S.Read More
Speaking about his own incredible path to business success, Microsoft’s Bill Gates once said: “We were young, but we had good advice and good ideas and lots of enthusiasm.”
There’s no doubt that good ideas and enthusiasm are among the vital traits for successful entrepreneurs, but, as Gates says, getting “good advice” is also essential.