News Release
SBA PRESS OFFICE
**************
Commerce, SBA Launch New Online Tool
To Help Small Businesses Begin Exporting
New Site: Six Steps to Exporting Success
**************
Release Date: November 19, 2010
Contact: David Hall (202) 205-6697
Release Number: 10-66
Internet Address: http://www.sba.gov/news
**************
WASHINGTON – Small businesses interested in exporting now have a new
online tool to help them tap into the global marketplace to grow their business.
Developed by the U.S. Department of Commerce and the U.S. Small Business
Administration, Six Steps to Begin Exporting, www.export.gov/begin, is the
latest tool in the National Export Initiative toolbox to help entrepreneurs begin
exporting.
The six-step process begins with a self-assessment to help potential exporters
gauge their readiness to successfully engage in international trade. The self-
assessment is followed by sections on training and counseling programs;
resources to create an export business plan; information on conducting market
research; assistance for finding foreign buyers; and investigating financing for
your small business exports, foreign investments or projects.
Upon completing the self-assessment, businesses receive a score indicating
their level of readiness. Based on the score, additional resources are identified
fitting their specific needs, including SBA and its nationwide resource partners
SCORE and Small Business Development Centers, as well as Commerce’s U.S.
Export Assistance Centers, which provide individualized support.
“This practical, interactive website is just the latest example of the
commitment the Obama administration has made to helping American
businesses – especially small businesses – sell more of what they make around
the world,” U.S. Commerce Secretary Gary Locke said. “Connecting America’s
entrepreneurs and small businesses with new buyers and new markets abroad
will help create jobs and spur sustainable economic growth.”
“With nearly 96 percent of the world’s customers living outside the United
States and two-thirds of the world’s purchasing power in foreign countries,
tapping into opportunities in the global market makes perfect sense and is
more attainable than ever for small business owners,” SBA Administrator Karen
Mills said. “One of the main hurdles potential exporters face is their fear that
exporting is too complicated. This six-step process addresses and dispels that
concern. Across the administration, we continue to strengthen the tools and
resources so we can be the best possible partner in helping small business
owners grow their customer base beyond our borders and, in doing so, create
new jobs here at home.”
This joint Commerce-SBA effort is part of an array of activities by federal
agencies to support President Obama’s National Export Initiative, which calls
for doubling U.S. exports and supporting 2 million jobs over the next five
years. So far this year, U.S. exports have increased nearly 18 percent
compared to the same period in 2009.
President Obama has outlined five steps the Administration is taking to help
U.S. firms expand sales of their goods and services abroad: creating a new
Cabinet-level focus on U.S. exports, expanding export financing, prioritizing
government advocacy on behalf of U.S. exporters, providing new resources to
U.S. businesses seeking to export, and ensuring a level playing field for U.S.
exporters in global markets.
For more information on export services for small businesses or to find local
counseling and technical assistance resources, please visit www.export.gov.
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Monday, November 22, 2010
SBA Backs Repeal of ‘Burdensome’1099 Reporting
News Release
SBA PRESS OFFICE
***************
SBA Backs Repeal of ‘Burdensome’1099 Reporting
Requirements on Small Business Transactions
***************
Release Date: November 22, 2010
Contact: Hayley Meadvin (202) 205-6948
Release Number: 10-67
Internet Address: http://www.sba.gov/news
***************
WASHINGTON – In an open letter to small business owners, SBA Administrator Karen Mills described requirements that small businesses report all transactions greater than $600 as “burdensome,” and called for their repeal. Mills said the reporting requirements in the Affordable Care Act, which were to have begun in 2012, add up to “too much paperwork, too much filing.”
The text of the letter, which is posted on the SBA Website at http://www.sba.gov/1099letter/, follows:
Dear Small Business Owner,
I’m writing to update you on the progress that we have made regarding concerns stemming from the expanded 1099 reporting requirement in the Affordable Care Act, which could affect small businesses starting with 2012 purchases and 2013 filings.
The SBA and the Administration support the Small Business Paperwork Relief Act (introduced by Senator Baucus) which would repeal this provision.
As President Obama said on Nov. 3: “… the 1099 provision in the health care bill appears to be too burdensome for small businesses. It just involves too much paperwork, too much filing. It’s probably counterproductive.” Our support for the Small Business Paperwork Relief Act also follows the Administration’s support in September for Senate Amendment 4595 (offered by Senator Bill Nelson), which would have relaxed the reporting requirement.
All businesses that pay another individual or business $600 or more for goods or services starting in 2012 will be required to issue 1099s. The unintended consequence of a potential paperwork burden resulting from this provision quickly came to light, and we immediately began working across the Administration to reduce the burden of these potential future reporting requirements, as I noted in a letter to small businesses in May. We gathered feedback and comments from the small business community through roundtables, forums, and other feedback mechanisms involving outreach from the SBA, the Treasury Department, the I.R.S. and others.
Importantly, the repeal of this provision through the Small Business Paperwork Relief Act will not adversely affect the Affordable Care Act, which provides important health care benefits to millions of Americans. Small businesses are already taking advantage of the new tax credits for providing health insurance to employees this year, and future benefits such as the insurance exchanges in 2013 will provide small businesses with more negotiating power and reduced administrative costs.
Thank you for the input and feedback that many of you have provided on the impact that the expanded 1099 reporting requirement could have on your business. Overall, with your help, we will continue to ensure that America’s entrepreneurs and small business owners operate in an environment not burdened by excessive regulation, allowing you to continue doing what you do best: grow businesses, create jobs and lead America’s economic recovery.
Sincerely,
Karen Mills
SBA Administrator
SBA PRESS OFFICE
***************
SBA Backs Repeal of ‘Burdensome’1099 Reporting
Requirements on Small Business Transactions
***************
Release Date: November 22, 2010
Contact: Hayley Meadvin (202) 205-6948
Release Number: 10-67
Internet Address: http://www.sba.gov/news
***************
WASHINGTON – In an open letter to small business owners, SBA Administrator Karen Mills described requirements that small businesses report all transactions greater than $600 as “burdensome,” and called for their repeal. Mills said the reporting requirements in the Affordable Care Act, which were to have begun in 2012, add up to “too much paperwork, too much filing.”
The text of the letter, which is posted on the SBA Website at http://www.sba.gov/1099letter/, follows:
Dear Small Business Owner,
I’m writing to update you on the progress that we have made regarding concerns stemming from the expanded 1099 reporting requirement in the Affordable Care Act, which could affect small businesses starting with 2012 purchases and 2013 filings.
The SBA and the Administration support the Small Business Paperwork Relief Act (introduced by Senator Baucus) which would repeal this provision.
As President Obama said on Nov. 3: “… the 1099 provision in the health care bill appears to be too burdensome for small businesses. It just involves too much paperwork, too much filing. It’s probably counterproductive.” Our support for the Small Business Paperwork Relief Act also follows the Administration’s support in September for Senate Amendment 4595 (offered by Senator Bill Nelson), which would have relaxed the reporting requirement.
All businesses that pay another individual or business $600 or more for goods or services starting in 2012 will be required to issue 1099s. The unintended consequence of a potential paperwork burden resulting from this provision quickly came to light, and we immediately began working across the Administration to reduce the burden of these potential future reporting requirements, as I noted in a letter to small businesses in May. We gathered feedback and comments from the small business community through roundtables, forums, and other feedback mechanisms involving outreach from the SBA, the Treasury Department, the I.R.S. and others.
Importantly, the repeal of this provision through the Small Business Paperwork Relief Act will not adversely affect the Affordable Care Act, which provides important health care benefits to millions of Americans. Small businesses are already taking advantage of the new tax credits for providing health insurance to employees this year, and future benefits such as the insurance exchanges in 2013 will provide small businesses with more negotiating power and reduced administrative costs.
Thank you for the input and feedback that many of you have provided on the impact that the expanded 1099 reporting requirement could have on your business. Overall, with your help, we will continue to ensure that America’s entrepreneurs and small business owners operate in an environment not burdened by excessive regulation, allowing you to continue doing what you do best: grow businesses, create jobs and lead America’s economic recovery.
Sincerely,
Karen Mills
SBA Administrator
Wednesday, November 17, 2010
Tuesday, November 16, 2010
Thursday, November 11, 2010
SBA Expands Entrepreneurship Boot Camp for Vets
SBA News Release
PRESS OFFICE
*************
SBA Expands Entrepreneurship Boot Camp for Vets
Announces Two New Programs for Women Vets, Guard, Reservists and Families
*************
Release Date: November 10, 2010
Contact: Dennis Byrne (202) 205-6567
Release Number: 10-63
Internet Address: http://www.sba.gov/news
*************
WASHINGTON – With thousands of service men and women returning from
wars in Iraq and Afghanistan, the U.S. Small Business Administration and
Syracuse University are expanding their Entrepreneurship Boot Camp for
Veterans with Disabilities (EBV) to a seventh school, Louisiana State
University, and launching two new entrepreneurship programs for women
veterans and National Guard and Reserve members and their families.
According to the SBA, nearly one quarter of veterans indicate they are
interested in starting or buying their own small business, and that percentage
is even higher among women veterans. With that in mind, the growing
partnership between SBA and Syracuse University provides training on how to
start and grow a small business to veterans, with programs targeted to
service-disabled veterans, women, National Guard and Reserve members and
their families of the wars in Iraq and Afghanistan.
“When you consider the leadership and management skills our veterans
develop while on active and reserve duty, it’s no wonder we see more of them
pursuing their dreams as entrepreneurs and small business owners,” SBA
Administrator Karen Mills said. “Through our partnership with Syracuse
University we are continuing to strengthen the tools and resources available to
them.”
“We often speak about the sacred trust we have with our service men and
women, and one way we honor that trust is ensuring they have every possible
opportunity for success,” Mills continued. “When it comes to entrepreneurship,
their success also means success in driving economic growth and creating
jobs.”
In 2009, SBA partnered with Syracuse University, providing a three-year
cooperative agreement providing funding totaling $450,000, to support the
university’s year-long EBV program on six campuses. Now in the second year
of the partnership, with SBA’s support, the “boot camp” is expanding to a
seventh campus, E.J. Ourso College of Business at Louisiana State University.
The other five campuses are: the University of Connecticut School of
Business, Mays Business School at Texas A&M, UCLA Anderson School of
Management, Florida State University’s College of Business, and the Krannert
School of Management at Purdue University.
Created and delivered by a network of some of the best business schools in
the country, it is designed to leverage the skills, resources and infrastructure
of higher education to offer experiential training in entrepreneurship and small
business management to veterans. Last year, the first year SBA partnered
with Syracuse University, 129 service-disabled veterans participated in the
program. Since the program’s inception, more than 320 wounded warriors have
graduated to date and more than 150 businesses to date have been launched
by graduates.
Additionally, SBA is also providing $2.6 million through a cooperative agreement
over three years for two new programs supporting veteran entrepreneurs. The
first, Women Veterans Igniting the Spirit of Entrepreneurship (V-WISE),
focuses on training, networking and mentorship for women veterans. The
three-day, off-site training program, online training and network support
structures will be delivered in several locations around the nation, and
anticipates serving up to 1,400 female veterans over a 36-month period.
The second new program, Operation Endure & Grow, targets National Guard
and Reserve members, their families and business partners. The goal of this
program is to mitigate the economic hardship of deployed members and their
families. The eight-week online course will focus on the fundamentals of
launching and/or growing a small business for those who will sustain the
business when the service member is deployed, injured or killed. Initially 550
individuals are expected to participate. In total V-WISE and Operation Endure
& Grow will serve over 1,950 individuals and their families.
The expansion of SBA’s partnership with Syracuse University builds on more
than $1.25 billion in loan guarantees for veterans in its flagship 7(a) and 504
programs, and through its Patriot Express loan pilot initiative. In three years
Patriot Express has supported nearly $550 million in loans to more than 6,500
veterans and spouses looking to establish or expand their small businesses.
SBA reaches out to veterans through its 68 local SBA district offices, 16
Veterans Business Outreach Centers nationwide, and its partnership with 1,000
Small Business Development Centers and some 12,000 SCORE – Counselors to
America’s Small Businesses volunteers. SBA has numerous programs creating
government contracting opportunities for vet-owned small businesses. For
more information visit www.sba.gov/vets and www.sba.gov/reservists.
PRESS OFFICE
*************
SBA Expands Entrepreneurship Boot Camp for Vets
Announces Two New Programs for Women Vets, Guard, Reservists and Families
*************
Release Date: November 10, 2010
Contact: Dennis Byrne (202) 205-6567
Release Number: 10-63
Internet Address: http://www.sba.gov/news
*************
WASHINGTON – With thousands of service men and women returning from
wars in Iraq and Afghanistan, the U.S. Small Business Administration and
Syracuse University are expanding their Entrepreneurship Boot Camp for
Veterans with Disabilities (EBV) to a seventh school, Louisiana State
University, and launching two new entrepreneurship programs for women
veterans and National Guard and Reserve members and their families.
According to the SBA, nearly one quarter of veterans indicate they are
interested in starting or buying their own small business, and that percentage
is even higher among women veterans. With that in mind, the growing
partnership between SBA and Syracuse University provides training on how to
start and grow a small business to veterans, with programs targeted to
service-disabled veterans, women, National Guard and Reserve members and
their families of the wars in Iraq and Afghanistan.
“When you consider the leadership and management skills our veterans
develop while on active and reserve duty, it’s no wonder we see more of them
pursuing their dreams as entrepreneurs and small business owners,” SBA
Administrator Karen Mills said. “Through our partnership with Syracuse
University we are continuing to strengthen the tools and resources available to
them.”
“We often speak about the sacred trust we have with our service men and
women, and one way we honor that trust is ensuring they have every possible
opportunity for success,” Mills continued. “When it comes to entrepreneurship,
their success also means success in driving economic growth and creating
jobs.”
In 2009, SBA partnered with Syracuse University, providing a three-year
cooperative agreement providing funding totaling $450,000, to support the
university’s year-long EBV program on six campuses. Now in the second year
of the partnership, with SBA’s support, the “boot camp” is expanding to a
seventh campus, E.J. Ourso College of Business at Louisiana State University.
The other five campuses are: the University of Connecticut School of
Business, Mays Business School at Texas A&M, UCLA Anderson School of
Management, Florida State University’s College of Business, and the Krannert
School of Management at Purdue University.
Created and delivered by a network of some of the best business schools in
the country, it is designed to leverage the skills, resources and infrastructure
of higher education to offer experiential training in entrepreneurship and small
business management to veterans. Last year, the first year SBA partnered
with Syracuse University, 129 service-disabled veterans participated in the
program. Since the program’s inception, more than 320 wounded warriors have
graduated to date and more than 150 businesses to date have been launched
by graduates.
Additionally, SBA is also providing $2.6 million through a cooperative agreement
over three years for two new programs supporting veteran entrepreneurs. The
first, Women Veterans Igniting the Spirit of Entrepreneurship (V-WISE),
focuses on training, networking and mentorship for women veterans. The
three-day, off-site training program, online training and network support
structures will be delivered in several locations around the nation, and
anticipates serving up to 1,400 female veterans over a 36-month period.
The second new program, Operation Endure & Grow, targets National Guard
and Reserve members, their families and business partners. The goal of this
program is to mitigate the economic hardship of deployed members and their
families. The eight-week online course will focus on the fundamentals of
launching and/or growing a small business for those who will sustain the
business when the service member is deployed, injured or killed. Initially 550
individuals are expected to participate. In total V-WISE and Operation Endure
& Grow will serve over 1,950 individuals and their families.
The expansion of SBA’s partnership with Syracuse University builds on more
than $1.25 billion in loan guarantees for veterans in its flagship 7(a) and 504
programs, and through its Patriot Express loan pilot initiative. In three years
Patriot Express has supported nearly $550 million in loans to more than 6,500
veterans and spouses looking to establish or expand their small businesses.
SBA reaches out to veterans through its 68 local SBA district offices, 16
Veterans Business Outreach Centers nationwide, and its partnership with 1,000
Small Business Development Centers and some 12,000 SCORE – Counselors to
America’s Small Businesses volunteers. SBA has numerous programs creating
government contracting opportunities for vet-owned small businesses. For
more information visit www.sba.gov/vets and www.sba.gov/reservists.
Tuesday, November 9, 2010
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