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MBDA Honors the Life and Legacy of Abraham S. Venable (1930-2013)

Blogged By: 
MBDA
Created on March 8, 2013
 

Abe VenableIn 1970 Abraham S. Venable was appointed by President Richard Nixon to serve as the Minority Business Development Agency’s first African American Director. Under his leadership, President Nixon signed Executive Order 11625 to develop and coordinate a national program for minority enterprise that has now been in existence for over 40 years. After leaving MBDA, Mr. Venable remained dedicated to championing minority-owned firms and spent nearly 20 years working with General Motors Co., to increase its business relationships with minority-owned dealerships, suppliers, insurers and banks. Mr. Venable’s efforts helped to spur the dramatic growth of opportunities for minority-owned businesses in both the public and private sectors in recent decades.

In recognition of Mr. Venable’s estimable record of minority business advocacy, MBDA named a National Minority Enterprise Development (MED) Week award in his honor, the “Abe Venable Award for Lifetime Achievement,” to acknowledge individuals who have played an integral role in the creative, technical or professional progress of the minority business community. Recent honorees have included Rush Communications LLC Founder Russell Simmons and U.S. Representative Silvestre Reyes. Through this award, MBDA is ensuring that Mr. Venable’s legacy of fostering economic opportunities for minority entrepreneurs will endure.

Get Ready......it's Tax Season!

Blogged By: 
Calvin W. Goings, SBA Regional Administrator
Created on March 1, 2013
 

TaxesAs a business owner you need to understand how taxes are going to affect you and your business. It is important that you file properly, avoid audits, and claim the right tax deductions.

Here are a five tips that may ease the burden of tax preparation and to help you get ready for the April 15, 2013 deadline.

Comment on Proposed Rule to Improve Access to the 504 and the 7(a) Loan Programs

Blogged By: 
SBA News
Created on February 28, 2013
 

Borrowers and lenders of loans backed by the U.S. Small Business Administration will have greater access to capital and less paperwork as a result of a proposed regulation aimed at streamlining the SBA application process, while also strengthening oversight and the integrity of the agency’s loan programs.

 “Streamlining and simplifying has been a key focus of our agency over the last few years. The changes are the latest steps to reduce paperwork burden, with our eye on the larger goal of expanding access to capital and giving entrepreneurs and small business owners the financial resources to grow and create jobs,” said SBA Administrator Karen Mills. “Specifically, these proposed regulations will provide greater access to capital through our two largest loan programs, while also reducing risk to taxpayer dollars.”

The SBA proposes the new measures after extensive consultations with lenders and borrowers to identify the greatest challenges they face and find ways to reduce barriers to making and accessing loans, while still maintaining strict oversight.

Sell Around the Globe? Tell the World: Enter export video contest for a chance to win $10,000

Blogged By: 
SBA News
Created on February 27, 2013
 

Do you sell bowling balls to Bangladesh? Or dish towels to Delhi? Maybe you send laser technology to Lisbon? If you export your goods or services around the world and have used a federal government program or assistance to get there, the U.S. Small Business Administration and Visa Inc. (NYSE: V) want to see your story. Enter the “2013 SBA-Visa Export Video Contest”, where participants will have a chance to win up to $10,000 in prize money. Eligible small business exporters are encouraged to submit a video that will highlight how the small business became a successful exporter, the benefits of exporting and government programs available to help them export.

Doing Business in Africa Forum Presents Opportunities for American Businesses in Sub-Saharan Region

Created on February 26, 2013
 

Guest blog post by Francisco Sánchez, Under Secretary of Commerce for International Trade and David Hinson, National Director, Minority Business Development Agency

Earlier this week, we attended the Doing Business in Africa Forum at the White House. This was the first forum of the Doing Business in Africa campaign that the Commerce Department launched three months ago in Johannesburg, South Africa. Deputy Secretary of Commerce Rebecca Blank gave the opening remarks and focused on strengthening commercial ties between the United States and Sub-Saharan Africa. She emphasized that as the continent’s wealth increases, so does the demand for improved infrastructure, energy services, and high-quality consumer and agricultural products – all of which American companies are well positioned to provide.

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