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asowah's blog


Competing to Win: How We Can Help U.S. Exporters Succeed at the Rio 2016 Summer Olympic Games

Blogged By: 
Tradeology, the ITA Blog
Created on December 29, 2014
 

Rio 2016 SignAthletes around the world have already begun their preparations for the 2016 Olympics in Rio de Janeiro.

For U.S. businesses looking to take advantage of export opportunities, preparations should also begin now.

The good news (for most of us anyway) is that preparations for businesses don’t require any sprints, hours in the pool, or extraordinarily difficult-looking skills on a pommel horse.

Actually, the best advantage for a U.S. company looking to win in Brazil is help from the International Trade Administration’s Commercial Service. We have teams on the ground in Brazil actively working with U.S. industry to identify opportunities presented by Rio 2016 and overcome challenges to capitalizing on these opportunities.

Business Sunday Comes to South Florida

Blogged By: 
Guest Blog
Created on December 23, 2014
 

By Marie R. Gill, Operator and Executive Director of the MBDA Business Center in Miami and Josh Dickson, Director of the Center for Faith-based and Neighborhood Partnerships at the US Department of Commerce

Business SundayEarlier this month, Minority Business Development Agency (MBDA) Business Center in Miami hosted its first Business Sunday at Samaritan Christian Center in Hallandale Beach, Florida, in partnership with the Miami District Office of the Small Business Administration (SBA), the Hallandale Parks and Recreation Department, the Hallandale Beach Community Reinvestment Agency (CRA), Career Source South Florida, the City of Miami and ACCION USA. Business Sunday is a program focused on promoting local economic growth and job creation by connecting congregations and communities with the valuable business development resources offered by the Federal Government.  A collaboration between the U.S. Department of Commerce, the U.S. Small Business Administration, the Minority Business Development Agency and BusinessUSA Business Sunday builds ladders of opportunity by meeting people where they are at and ensuring they have access to everything they need to start or grow their business.

What to Know About Small Business Investment Companies (SBICs)

Blogged By: 
SBA Blog
Created on December 23, 2014
 

Did you know that the Small Business Investment Company (SBIC) Program has been helping small business access capital for more than fifty years?

What’s the SBIC Program?

The Small Business Investment Company (SBIC) Program is a multi-billion dollar program that, in fiscal year 2013 alone, invested $3.5 billion in financing dollars to small businesses! So how does it work?

SBIC flow chart depicts private investor funds and SBA funds funneling into SBICs funneling into small businesses

SBICs are privately owned and managed investment funds. They’re licensed and regulated by SBA and use their own capital plus funds – borrowed with an SBA guarantee – to make equity and debt investments in qualifying small businesses.

Build Your Business Credit: 5 Key Reasons to Get Started

Blogged By: 
SBA Blog
Created on December 19, 2014
 

Business CreditBuilding business credit is just as important as building and taking good care of one’s personal credit. In the business world, a company does not have a consumer FICO® Score. Instead, it has business credit scores, ratings maintained and calculated by business credit reporting agencies.

“Just as your personal credit has a big impact on your financial health, your business credit can help you get competitive business loan rates and terms from potential suppliers,” says Marc Kirshbaum, president of Experian's Business Information Solutions group.

Unfortunately, many small business owners don't even know there is such a thing as a credit score for a business and therefore lose opportunities to improve their own, says Jeff Stibel, CEO of Dun & Bradstreet Credibility Corp.

Many times, small business owners make the mistake of assuming that positive personal credit scores will be enough to obtain good business credit ratings. While lenders and suppliers may initially consider personal credit history, once a business pays its first invoice, it will begin building its own credit history.

Prepare Your Business for a Winter Storm

Blogged By: 
MBDA
Created on December 19, 2014
 

America’s PrepareAthon! Campaign Offers Specific Actions to Prepare your Business for a Winter Storm

Be Smart. Take Part. PrepareWhen a winter storm hits, it can significantly interrupt if not suspend your business operations. Winter storms can bring freezing rain, ice, snow, high winds, or a combination of these conditions. They can cause power outages that last for days, make roads and walkways very dangerous, and affect community services. Preparing ahead of time can help you manage the impact a winter storm has on your business and the safety of your employees.

Knowing what to do when a winter storm and other disasters hit is the message of America’s PrepareAthon!, a nationwide grassroots campaign for action to increase community preparedness and resilience through hazard-specific drills, group discussions, and exercises. The campaign offers easy-to-implement preparedness guides, checklists, and resources to help individuals, business owners, organizations and whole communities practice the simple, specific actions they can take to prepare for disasters.

 

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