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Increasing Mentor-Protégé Opportunities for all Small Businesses

Blogged By: 
SBA Blog
Created on March 3, 2015
 

Summit Comment on Small Business Mentor Protege Program;The U.S. Small Business Administration (SBA) recently published a proposed rule to amend its regulations to establish a government-wide Mentor-Protégé Program for all small businesses as directed by the Small Business Jobs Act of 2010 and the National Defense Authorization Act of 2013 (NDAA). As directed by the statute, the proposed small business mentor-protégé program is modeled on SBA’s existing 8(a) Business Development mentor-protégé program.

The expansion of the program will increase opportunities for small businesses to enter the federal marketplace as well as to pursue larger and more complex requirements. The mentor protégé program is designed to pair up nascent firms that are facing potential development gaps with larger, more experienced firms that can assist in filling those gaps.

Mentors typically provide support in areas such as managerial experience, past performance qualifications, project implementation know-how and the ability to manage larger and complex contracts.

Improved HR Tool for Employers and Employees

Blogged By: 
MBDA
Created on March 3, 2015
 

CareerOneStop's Business CenterThe U.S. Department of Labor is rolling out a number of improvements to its CareerOneStop Business Center site, including new videos and tutorials to help businesses train and retain employees. Employers can send their workers to the CareerOneStop for employees for information on learning new skills and certifications.

CareerOneStop's Business Center is a one-stop site for businesses looking to hire, train, or retain a strong workforce. It includes information, resources and online tools such as the Job Description Writer and a robust job bank.

Changes to Small Business Health Care Tax Credit

Blogged By: 
MBDA
Created on March 2, 2015
 

ACA Tax ProvisionsSmall employers should be aware of changes to the small business health care tax credit, a provision in the Affordable Care Act that gives a tax credit to eligible small employers who provide health care to their employees.

Beginning in 2014, there are changes to the tax credit that may affect your small business or tax-exempt organization:

  • Credit percentage increased from 35 percent to 50 percent of employer-paid premiums; for tax-exempt employers, the percentage increased from 25 percent to 35 percent.

  • Small employers may claim the credit for only two consecutive taxable years beginning in tax year 2014 and beyond.

  • For 2014, the credit is phased out beginning when average wages equal $25,400 and is fully phased out when average wages exceed $50,800. The average wage phase out is adjusted annually for inflation.

  • Generally, small employers are required to purchase a Qualified Health Plan from a Small Business Health Options Program Marketplace to be eligible to claim the credit.  Transition relief from this requirement is available to certain small employers.

DISCOVER GLOBAL MARKETS: The Americas

Blogged By: 
MBDA
Created on February 27, 2015
 

Discover Global Markets: The Americas

Join the U.S. Commercial Service and the Florida District Export Council for DISCOVER GLOBAL MARKETS: The Americas, the premier international business conference for U.S. executives. Come explore new market opportunities and learn effective strategies from senior U.S. Diplomats and business leaders in the region. Discover Global Markets: The Americas is the ONLY opportunity in 2015 to learn the latest business intelligence from across the Americas all in one location.

Explore the Markets

Discover opportunities for today, tomorrow and what challenges lie ahead in our dynamic hemisphere. Hear from panels featuring economists, industry professionals, trade experts, and U.S. Diplomats who will explore these and many other topics to help you to define your competitive strategy in the Americas.

Join U.S. Diplomats for one-on-one consultations available from the following countries:

Commerce Secretary Penny Pritzker Announces Twenty-Six States Achieved Record Export Levels in 2014

Blogged By: 
MBDA
Created on February 27, 2015
 

Export NumbersU.S. Secretary of Commerce Penny Pritzker today announced new data that shows 26 states achieved records in goods exports in 2014, while eight additional states experienced growth in merchandise exports over 2013 levels. Total merchandise exports from all 50 states helped the U.S. achieve the fifth consecutive record-setting year of goods and services exports, which reached $2.35 trillion in 2014.

Secretary Pritzker praised today’s announcement stressing the fact exports are critical to economic growth and job creation in communities across the country. “With 95 percent of the world’s consumers living outside the United States, opening more markets to ‘Made in America’ goods and services is fundamental to our nation’s competitiveness, job creation, and the economic security of our families,” she said.

Strengthening partnerships with states and rural communities in support of exporters and investment attraction efforts is a key objective for the second phase of President Obama’s National Export Initiative – NEI/NEXT, which Secretary Pritzker launched in May 2014. Through NEI/NEXT, 20 federal agencies are advancing program and policy improvements to provide exporters more tailored assistance and information; streamline export reporting requirements; expand access to export financing; ensure market access and a level playing field; and collaborate with state and local organizations.

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