Data from the Department of Commerce reveal that minority-owned firms are an
engine of job growth and are more likely to export than non-minority-owned
firms. These firms account for $1 trillion in gross receipts and
employ almost six million Americans. To bolster the economic impact of
minority entrepreneurs across the county, the National Advisory Council on
Minority Business Enterprise (NACMBE) was established in April 2010.
In his State
of the Union address, President Obama laid out an ambitious goal to train 2
million workers with the necessary skills to land a job. What are those skills in a 21st
century economy? As we have written previously
in this blog, the fields of science,
technology, engineering and mathematics (STEM) play a critical role in America’s
global economic leadership and are vital to securing the highest quality jobs
of the future, to decreasing the gender wage gap, and to ensuring America
As a former government contractor, I know how hard it can be to succeed in federal government procurement. You face challenges every day as a business owner, an employer, and a service provider.
Co-authored by SBA Associate Administrator for the Office of Entrepreneurial Development Michael Chodos.
We know firsthand how important mentors and counselors can be in helping an entrepreneur succeed in business. Whether that is honest advice from having walked down a similar entrepreneurial path or unbiased feedback on a tough business decision, mentors are important allies for entrepreneurs to have on their side.
Establishing good credit is essential if you intend to apply for a business loan. But it’s not just for loans anymore – a good credit score can also help you:
Secure a business credit card
Open a merchant account
Benefit from lower insurance premiums
Build relationships and get flexible payment terms from suppliers
Rent commercial property
Lease or buy business vehicles
Guest blog post by John Bryson, U.S. Secretary of CommerceToday’s
employment numbers are yet another indication that our economy is moving in the
right direction. The unemployment rate dropped to 8.3 percent and 243,000 jobs
were added in January, making this the 23rd consecutive month of job growth.
Private sector job growth has been driving the decrease in unemployment, with
the private sector adding 257,000 jobs last month. The manufacturing sector
alone grew by 50,000 jobs in January, showing that manufacturing is still an
Guest blog post by Francisco Sánchez, Under Secretary of Commerce for International Trade, International Trade AdministrationIt’s always good to be back in my hometown of Tampa, Florida. This morning, I was proud to participate in a powerful and productive discussion at a White House Hispanic Community Action Summit, which took place at the University of Tampa.Read More
John Bryson stopped by the United States Patent and Trademark Office (USPTO)
headquarters in Alexandria, Virginia on Friday to meet with employees and tour
the facility. It was the first time he had visited the USPTO office
since being confirmed as Commerce Secretary in October of last year.
This blog is co-authored by Karen Mills and Marie Johns
Today we’re kicking off our Urban Economic Forum events in New York City. The forum, presented by the White House Business Council, the White House Council on Women and Girls and SBA, focuses on helping women business owners start and grow their companies.
Today Acting Deputy U.S. Commerce Secretary Dr. Rebecca
Blank today visited SolarDock, a Wilmington, Delaware-area company that
designs, manufactures and installs next generation solar power systems. She met
with SolarDock founder Scott Johnson, partner Edward O’Brien, and employees and
tour the manufacturing facility, along with Delaware Lieutenant Governor