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Recruitment for the 2014 Emerging Leaders Class is Underway

Blogged By: 
SBA News
Created on January 31, 2014
 

Emerging LeadersWhat is Emerging Leaders?

The Emerging Leaders is an intensive training initiative to accelerate high-potential small businesses’ growth in America’s inner-cities. This comprehensive curriculum provides the tools to catapult participating companies to the next level and help them emerge as growing, self-sustaining businesses in their community.

What does the Emerging Leaders advanced training entail?

Over seven months, participants are required to participate in approximately 60-80 hours of classroom instruction, generally two three-hour sessions per month. The method used is primarily instructor-facilitated discussion of the training curriculum. Outside subject matter experts are included as guest speakers to bring a “real world” perspective. Additionally, class participants meet and work in smaller CEO Peer Mentoring Groups for an additional 15-20 hours during the training period.

Handy Men and Women Keep the World’s Machinery Humming

Blogged By: 
Doug Barry, Senior International Trade Specialist
Created on January 30, 2014
 

In May 2013 ERD LTD received the Export Achievement Award while repairing industrial electronic equipment for companies around the world.This post originally appeared on International Trade Administration Tradeology blog.

Doug Barry is a Senior International Trade Specialist in the International Trade Administration’s Global Knowledge Center. 

ERD Limited is a North Carolina-based company that has seen its number of export markets more than quintuple in less than three years. In that time span, its revenues from global sales went from four percent of total revenue to 25 percent.

Tom Robinson of ERD Limited sat down with ITA’s Doug Barry to discuss how his company expanded to so many export markets with support from the International Trade Administration and other government partners.

Barry: Describe your company. How did it start?

Robinson: ERD Limited is an electronic repair facility. It is engineer-owned and operated. We have been in business for about 20 years in Kernersville, NC. We’re different from our competitors in that we do what we call high-level electronic repairs, of all types and varieties, on basic boards to sophisticated robotics. We deal in what’s called “legacy electronics.”

Doing Business in the Caribbean? Trade Mission and Webinar Series

Blogged By: 
Export.gov
Created on January 30, 2014
 

Cargo with ContainersCaribbean Trade Mission & Business Development Conference to Dominican Republic, Haiti, Jamaica, Bahamas, Barbados and Trinidad and Tobago. Caribbean regional conference followed by one-on-one business appointments with pre-screened potential buyers, agents, distributors, joint-venture partners or other key contacts.

Mission Dates:  June 8-12, 2014
Registration Deadline:  April 4, 2014
Registration Link: http://export.gov/tradeamericas/tradeevents/trademissions/caribbeanjune2014/index.asp

Caribbean Region Webinar Series

This six-part webinar series will provide valuable insights to new and experienced exporters who will gain knowledge of the export opportunities in this dynamic region. Companies will learn about the best prospects, financial and legal considerations and marketing strategies in the Caribbean Region to include Dominican Republic, Haiti, Jamaica, Bahamas, Barbados and Trinidad and Tobago.

2014 Baldrige Award in Your Future? Time to Apply!

Blogged By: 
NIST
Created on January 30, 2014
 

Baldrige Performance Excellence ProgramThis post originally appeared on NIST Baldrige Award.

Applications are now being accepted for the 2014 Malcolm Baldrige National Quality Award, the nation’s highest Presidential honor for performance excellence. Organizations can apply for awards in three business sectors—manufacturing, small business and service—along with health care, education and nonprofit (including government agencies).

Forms and guidance for applying for the 2014 Baldrige Award are now available from the Baldrige Performance Excellence Program (BPEP) at www.nist.gov/baldrige/enter/how_to_apply.cfm.

All applicants will be evaluated rigorously by an independent board of examiners in seven areas defined by the Baldrige Criteria for Performance Excellence: leadership; strategic planning; customer focus; measurement, analysis and knowledge management; workforce focus; operations focus; and results. To purchase the 2013-2014 Criteria, go to www.nist.gov/baldrige/publications/criteria.cfm.

Military Reservists Eligible to Apply for SBA Working Capital Loans

Blogged By: 
SBA News
Created on January 27, 2014
 

Military with US Flag in BackgroundSmall businesses that suffered economic losses when the owner or a key employee was called up to active duty are eligible to apply for a low interest loan of up to $2 million from the U.S. Small Business Administration.

Small businesses can apply for a Military Reservist Economic Injury Disaster Loan (MREIDL) any time from the date of notice of expected call-up and ending one year after the date of discharge or release. The program was created to enable eligible small businesses to pay operating expenses it could have covered if the owner or key employee hadn’t been called to active duty.

“The absence of just one employee whose expertise is critical to the success of the company can pose significant challenges for a small business,” said SBA Acting Administrator Jeanne Hulit.

“These Military Reservist Economic Injury Disaster Loans provide funds that will help these small businesses cover operating expenses.  This way our brave men and women in uniform don’t have to choose between serving their country and growing their businesses.”

The MREIDL is a direct working capital loan, managed by SBA’s Office of Disaster Assistance.  The interest rate on these working capital loans is 4 percent, with terms up to a maximum of 30 years.   In general, no collateral is required to secure an MREIDL of $50,000 or less.  The loan cannot be used to replace lost income or profits, refinance long-term debt or to expand the business.

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
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