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Honoring African American History Month

Blogged By: 
Created on February 25, 2013

“So let us honor those who came before by striving toward their example, and let us follow in their footsteps toward the better future that is ours to claim.”

 President Barack Obama, 2013 National African American History Month Proclamation

As a Harvard-trained historian, Carter G. Woodson, like W. E. B. Du Bois before him, believed that truth could not be denied and that reason would prevail over prejudice.  His hopes to raise awareness of African American's contributions to civilization was realized when he and the organization he founded, the Association for the Study of Negro Life and History (ASNLH), conceived and announced Negro History Week in 1925.  The event was first celebrated during a week in February 1926 that encompassed the birthdays of both Abraham Lincoln and Frederick Douglass.  The celebration was expanded to a month in 1976, the nation's bicentennial.  By this time, the entire nation had come to recognize the importance of Black history in the drama of the American story.

Help America’s Businesses by Becoming a Presidential Innovation Fellow

Blogged By: 
Dennis Alvord, Executive Director of BusinessUSA
Created on February 14, 2013

Much Higher Surety Bond Guarantee Ceilings

Blogged By: 
Frank J. Lalumiere, Director of the Surety Bond Guarantee Program
Created on February 8, 2013

Enable Small Businesses to Bid on Larger Contracts and Grow

Building Crane - Surety BoneA major revision in the U.S. Small Business Administration’s Surety Bond Guarantee (SBG) Program more than triples the eligible contract amount, from $2 million to $6.5 million, the Agency will guarantee on surety bonds for both public and private contracts.

What does this mean for small businesses trying to grow?

A Los Angeles subcontractor for example, was looking to take on bigger jobs and grow its business, but needed a much larger bond to bid on and get a contract that was larger than past work it had performed.

As a direct result of higher SBA guaranteed bond limits, companies like that California contractor can now experience continued growth in bonding capacity, employ more employees and improve revenue streams. And with that kind of growth and resulting experience on bigger jobs, such companies can bid on more federal construction contracts, build an even stronger management team, and set strategic plans for bigger contracts and expansion into larger markets.

MBDA Business Center Spotlight: Puerto Rico

Blogged By: 

While most of the work the MBDA Business Center in San Juan, Puerto Rico  does is conducted in Spanish, that is where the differences between it and the 40 other MBDA Business Centers across the country end. Just like the other MBDA Business Centers throughout the nation, the Puerto Rico MBDA Business Center works diligently to secure contracts for its clients and build wealth for its community. It also guides clients in putting together business strategies that will attract financing.

One recent example that stands out involved a business owner looking to open a jewelry store in the island’s biggest shopping mall. Confident that the endeavor would be a huge success, after being turned away by bank after bank, the owner contacted the MBDA Business Center.

Congress Returns, President Signs Bill for Sandy Flood Insurance

Blogged By: 
Terry Richards
Created on January 29, 2013

On Thursday, January 3rd, 2013, the 113th Congress was sworn in and began the new legislative session. One of its first acts came on Friday, January 4th, when the House and Senate passed a bill providing $9.7 billion in aid for victims of Superstorm Sandy. Signed by President Obama on January 6, the aid comes in the form of increased borrowing authority for the National Flood Insurance Program (NFIP) so that it remains able to meet its obligations and compensate survivors of the natural disaster.

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