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President Obama announced a new policy that will accelerate payments to small business contractors so they can reinvest that money in the economy and drive job growth.
Small businesses are the primary engine of job creation and job growth across the country. However, in today’s economic climate many face tight budgets and limited resources. With these challenges in mind, last week in his address to Congress the President emphasized the need to take common sense steps to give small businesses the flexibility they need to invest and hire. And that is what we are doing today.
One hundred nonprofit organizations from 44 states and the District of Columbia received grants under the Program for Investment in Microentrepreneurs Act (PRIME), the U. S. Small Business Administration announced today.
Grants will be used to provide business-based training and technical assistance to low-income and very low-income entrepreneurs to help them start, operate, or grow a small business. Grants will also be used to better equip community-based nonprofit organizations to provide training.
The U.S. Small Business Administration will host the second of its Export Matchmaker Trade Fair & Conference series in Tampa, Fla., on September 14. The program is designed to provide small business manufacturers and suppliers an easy and inexpensive means for exporting their products by matching them with trade intermediaries from across the country.
“One of President Obama’s goals in the National Export Initiative is to double U.S. exports in five years,” said SBA Administrator Karen Mills. “In these challenging economic times, and with 96 percent of the world’s population living outside the U.S., it just makes sense for Florida’s small businesses to export.”
MBDA is gearing up for a busy month, and I’d like to share some of the exciting things we’re working on.
On September 1, I’ll be traveling to Cleveland, Ohio to welcome our newest MBDA Business Center to the nationwide network. Joining us at the open house will be U.S. Senator Sherrod Brown, Congresswoman Marcia Fudge (OH-11), and a wide range of local business leaders, trade groups and minority chambers of commerce. I will then participate in an inaugural reception for the new MBDA Business in Manhattan, New York on September 15.
On September 6, 2011, Congress will return from its annual August Recess with a full list of tasks to complete before the First Session adjourns for the year. Some of the more pressing items to take up will be spending bills for Fiscal Year 2012 and recommendations from the Joint Select Committee on Deficit Reduction (commonly known as the Super Committee).
Each year, Congress must pass regular appropriations measures, by October 1, in order to keep the government funded. If the regular appropriation acts are not completed by October 1, then Congress must pass a continuing resolution, providing stop-gapfunding. In some years Congress may include several in an omnibus appropriations measure, or a continuing appropriations bill providing funding for the full fiscal year.