Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic DevelopmentA look at the recent national weather map underlines the reason for the Obama administration’s comprehensive response and action plan: large sections of the country are experiencing one of the worst droughts in decades—with levels ranging from “severe” to “extreme” and “exceptional.”The consequences of drought don’t just affect farmers and their crops and livestock, but have ripple effects throughout the regional economies that depend on them.Read More
Thanks to a new reference standard developed by Commerce's National
Institute of Standards and Technology (NIST), law enforcement agencies
will have an easier time linking the nearly 200,000 cartridge cases
recovered annually at U.S. crime scenes to specific firearms.
Selling to the federal government can seem daunting for many small business owners. However, the market is lucrative – approximately $100 billion in contracts are awarded annually to small businesses – and once you have your foot in the door, it can be a profitable, long-term revenue source.
Drought expands to cover nearly 63 percent of the Lower 48; wildfires consume two million acresThe average temperature for the contiguous U.S. during July was 77.6°F, 3.3°F above the 20th century average, marking the hottest July and the hottest month on record for the nation. The previous warmest July for the nation was July 1936 when the average U.S. temperature was 77.4°F.Read More
The quotation I keep on my desk from Benjamin Franklin says, “An investment in knowledge pays the best interest.” Savvy business owners know that learning is a lifetime affair. Fortunately, there are many federal income tax breaks to help defray the cost of your ongoing education.
Lifetime learning credit
Do you have a plan for an accident or injury that occurs in your workplace?
While the U.S. workplace has become a much safer place over the past century, accidents do happen. The latest data from the Department of Labor shows that nearly 3.1 million nonfatal workplace injuries and illnesses were reported in the private sector in 2010. This is the equivalent of 3.5 cases per 100 workers. Even more disturbing, the Occupational Safety and Health Administration (OSHA) reports that 4,690 workers were killed on the job in 2010.
Today, I attended a meeting of the White House Rural Council, which focused on our coordinated response to historic drought conditions that are affecting communities across Rural America.
Our goal at the SBA and across the Administration is making sure that these hard hit communities have the tools and the resources they need to navigate and recover from these severe drought conditions.
If you’re seeking financing for your business, you may have noticed promising signals in small business lending. Banks overall are reporting the biggest increase in lending to small businesses in four years. Month over month, the numbers are improving. Reuters reports that in May 2012, small business lending reached its highest level this year, up 18 percent over the previous year. (For more data read: Business Lending Showing New Signs of Strength).
Guest post by Mark Doms, Chief EconomistEarlier today, the Bureau of Labor
Statistics (BLS) released a report showing that the private sector added
172,000 jobs last month, and overall employment rose by 163,000. While there’s
more work to be done, the economy is creating jobs on a consistent basis.
The economy has added private sector jobs for 29 straight months, for a total
of 4.5 million jobs. In fact, since the beginning of the year, the
economy has added over 1.1 million private sector jobs. Today’s employment
Acting Secretary Rebecca Blank joined business leaders from
across the country earlier this week at the White House Business Council American
Economic Competitiveness Forum on Travel and Tourism to discuss the administration’s actions to help grow travel and tourism and support the
millions of jobs associated with the industry. Travel and tourism is a bright spot for the American economy, leading
the recovery with growth that has outpaced the growth of the overall economy by
almost 800 percent and on pace for another year of record high international