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Five Things Small Businesses Should Know About Export Control Reform

Blogged By: 
MBDA
Created on July 2, 2014
 

Satellites - Export Control ReformSmall businesses are growing at unprecedented rates. They employ about half – 55 million – of the nation’s private workforce and account for 99.7% percent of all employers in the U.S. Through exporting, they have the opportunity to grow even more: two-thirds of the world’s purchasing power is in foreign countries. In a 2013 survey of 500 small business owners, the National Small Business Association (NSBA) found that 63% of participants who did not already export said that they would be interested in doing so, but cited lack of information on exporting as an obstacle for small businesses.

In 2009, President Obama launched the Export Control Reform (ECR) initiative, a significant effort aimed at enhancing our national and economic security through reform of the export control system—a system that had not been comprehensively updated in decades. The Commerce Department’s Bureau of Industry and Security (BIS) administers export controls for commercial and some military commodities and technologies. Now, the President’s ECR initiative is transferring tens of thousands of less sensitive military items from the State Department’s jurisdiction to the more flexible Commerce regulations. Most are parts and components; many are manufactured by small businesses. Moving these items to Commerce benefits small businesses because BIS’s regulations allow for more nuanced distinctions among technologies, destinations, and end users than the State Department’s regulations.

B2B Best! Matchmaking at the 2014 National MED Week Conference

Blogged By: 
MBDA
Created on July 18, 2014
 

Connecting Business with Opportunity is the theme of the 2014 National MED Week Conference on July 31-August 1 in Washington D.C.  This year’s event introduces an all new B2B Best! matchmaker and expo that will engage, educate, and connect conference attendees. 

MBDA Business Center Spotlight: Bridgeport

Blogged By: 
MBDA
Created on July 18, 2014
 

Event at Bridgeport MBDA Business Center on June 12Minority businesses learned valuable tips, like how to grow their businesses by connecting with the 95% of consumers who live outside the United States, at the Bridgeport MBDA Business Center on June 12.

Increased Collaboration in Creating Stronger Communities across the Country

Blogged By: 
Deborah M. Kobrin, Legislative & Intergovernmental Affairs Specialist
Created on July 18, 2014
 

Last month, MBDA participated in the 82nd Annual Meeting of the U.S. Conference of Mayors (USCM) in Dallas, Tex. The USCM Annual Meeting is an opportunity for mayors from across the country to discuss the economic health of our cities through important issues including transportation, housing, infrastructure, and education.

10 Can't-Miss Business Credit Profile Tips for Small Business Owners

Blogged By: 
Marco Carbajo, Guest Blogger
Created on July 18, 2014
 

Originally posted on the SBA.gov Blog

Credit RatingIf you run a company, your business credit profile is related to your reputation. With a strong business credit profile, you have access to much greater financing opportunities with favorable terms and lower interest rates.

For lenders, a company with a creditworthy profile is considered a good risk. Whether you own a startup or existing business, managing and protecting your profile with all three major business credit reporting agencies is crucial.

Here are ten essential tips for establishing, maintaining and protecting your business credit profile:

  1. Keep all company data identical – Whether applying for a D-U-N-S Number, submitting a credit application or opening a business bank account, provide all the same information in order to avoid any potential issues. Inconsistent data can cause a denial of credit due to mismatched data or even cause your company to have a duplicate credit file.

Did you know...

The percentage of clients with annual revenues in excess of $500,000 increased over the last five fiscal years.
Graph for MBDA Client Portfolio made up by SGI Clients

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