Guest blog by Rob Rubinovitz, Deputy Chief Economist, Economics and Statistics AdministrationSecretary Penny Pritzker’s visit to Missoula, Montana last
coincided with one of the community’s “First Friday Gallery Night” events. “First Friday’s” are part of a larger effort
of the Cultural Council in Missoula to support the arts to benefit the
community as a whole. These events
include various art galleries, museums, and retail locations, and may feature
musical performances, poetry readings, dance and lectures. The effort seem to
Small-business social media use has become a barometer of our times for industry analysts who are eager to gauge the impact the economy and new technologies have on the way small firms do business.
And despite a few sluggish years, the latest data suggests that small businesses are turning to social media in droves in an effort to increase sales (source: Forbes and Manta). The problem is, no matter how much time they spend, some small businesses are not reaping rewards.
as part of Secretary Penny Pritzker’s nationwide listening tour, she
toured the United Bicycle Institute in Portland, Oregon. It is the
bicycle industry’s leading technical school offering courses in repair,
and mechanic certification for technicians. She also held a roundtable discussion with representatives from the bicycle
Bicycling magazine rated Portland as the No. 1 cycling city in the
U.S. The United Bicycle Institute (UBI) has established itself as a
Are you thinking about starting a business? One of the first things you will need is a business plan.
Business plans are essential in helping entrepreneurs prepare, manage and direct their businesses, however, creating a plan can be intimidating and time consuming. It’s also hard to even know where to start.
As a part of SBA’s mission to help small businesses grow and succeed, the agency has created a Business Plan Tool which helps simply the process. The tool consists of eight steps which include:
1. Cover page [Company name, address, phone and logo]
For American small and medium enterprises (SMEs), the European Union is one of the most lucrative markets, with more than 94,000 American small businesses currently contributing to more than $630 billion in U.S. – E.U. trade.
As part of her nationwide listening tour, Commerce Secretary
Penny Pritzker yesterday visited the National Oceanic and Atmospheric
Administration’s (NOAA) Western Regional Center in Seattle, Washington, the
largest NOAA facility outside of Washington, D.C. She thanked NOAA employees
for their hard work, which she said was critical to Commerce’s mission. The
Secretary also toured parts of NOAA’s Office of Response and Restoration and
NOAA Fisheries Service.
Today, as part of her nationwide listening tour, Secretary Pritzker visited
Year Up in Seattle, WA. Year Up is a national non-profit
organization operating in 12 cities that provides urban young adults
with the skills, experience, and support that will empower them to
pursue professional careers and higher education.
Guest blog post by Matt Erskine, Deputy Assistant Secretary for Economic Devleopment, U.S. Economic and Development AdministrationMaking investments in our workforce and building out critical business infrastructure are key elements of any strategy to ensure our nations’ future economic growth. And when these investments are matched locally and amplify existing local and regional technological assets and expertise, they are doubly effective. I saw evidence of this today and yesterday when I travelled to Kentucky and Tennessee to announce three new EDA investments in these states.Read More
Pritzker today in Seattle kicked-off her first visit to the Northwest as
Commerce Secretary by visiting with EDA employees and employees from U.S. Export
Assistance Center (USEAC), part of the International Trade Administration
(ITA), U.S. Patent and Trademark Office (PTO) and Office of Inspector General
(OIG). The secretary's visit is part of her latest stop on a nationwide
listening tour and was an opportunity to thank the employees for their work for
the Department of Commerce.
Money is the lifeline of any business, so whether you’re starting a business or running an existing one, securing financing is a major factor, especially for small businesses. Many budding entrepreneurs find the task daunting and don’t even know where to begin.
Here’s a simple yet practical guide on how to go about preparing to apply for a small business loan.
1. What criteria do banks look for in making small business loans?