Created on November 7, 2013
Secretary of Commerce Penny Pritzker wrapped up the inaugural SelectUSA 2013 Investment Summit, following two high-impact days of meetings and discussions among senior government officials, major business executives, global economic experts and U.S. economic development officials about strategies to increase foreign direct investment (FDI) in the United States.
Secretary Pritzker also opened the final day of the Summit, where she announced changes to the eligibility requirements for the Manufacturing Council that will allow representatives from U.S. subsidiaries of foreign-owned or controlled firms to become members. The expanded eligibility rules will add new perspectives to the Council, which advises the Commerce Secretary on policies and initiatives to increase FDI in the U.S. manufacturing sector, including SelectUSA.
Created on November 6, 2013
With new health insurance marketplaces now open, the Small Business Administration and Small Business Majority are excited to announce the next set of Affordable Care Act 101 weekly webinar dates.
Each week, small business owners can learn the basics of the Affordable Care Act and how they can enroll in small business health insurance marketplaces. Other topics discussed include insurance reforms, the small business health care tax credit, and employer shared responsibility provisions. SBA representatives help small business owners understand the facts of the Affordable Care Act so they can make informed decisions about providing health insurance for their employees.
The Affordable Care Act 101 takes place every Thursday at 2 PM ET. Below are the registration links for upcoming presentations.
Created on November 5, 2013
Small businesses can help keep their business information safe and protect their online information with a new free course from the U.S. Small Business Administration.
In support of President Obama proclaiming October as National Cybersecurity Awareness Month, SBA is launching this new course, designed for small businesses, to provide an overview on how to secure business information, identify security threats and guard against cyber-attacks.
Cybersecurity for Small Businesses is one of SBA’s newest online courses to help business owners safeguard their information from computer attacks and determine their readiness against security breaches. The course, available at http://www.sba.gov/tools/sba-learning-center/training/cybersecurity-small-businesses, teaches best cybersecurity practices and protection against cyber threats for the nation’s small business community.
As we celebrate Native American Heritage Month the Minority Business Development Agency would like to pay tribute to the rich ancestry and traditions of Native Americans. While we take great pride in honoring their many accomplishments and contributions to American society, I want to highlight their contributions to the U.S. economy and the minority business community. Here are some quick facts about the Native American business community:
There are 236,000 Native American-owned firms in the U.S.
10 percent have paid employees (average 8 per firm), and over $1.2 million in annual receipts.
This sector generates $34.4 billion in annual economic output.
Native American-owned firms employ 185,000 workers.
MBDA continues to invest in Indian Country to support job creation and economic development through the operation of MBDA Business Centers in states with large American Indian populations. MBDA now has six centers addressing the unique economic challenges and opportunities in Indian Country. The centers are located in Alaska, California, Connecticut, North Dakota, New Mexico, and Oklahoma.
The Phoenix MBDA Business Center will partner with the Thunderbird School of Global Management on November 21 to host its first Global Business Conference. The idea began as the result of a casual conversation between Alika Kumar, Project Director of the Phoenix MBDA Business Center and a former professor. They both saw the need to ensure that the Arizona minority-owned business community is informed about the business opportunities that exist outside of the U.S.
As ideas evolve, so have the topics that will be covered during the conference. Among the scheduled sessions are: The Future and Why You Cannot Ignore It (International Trade Administration); Building International Partnerships; and The Nuts & Bolts of Doing Business Abroad. Ms. Kumar’s goal is to reach out to Arizona minority-owned businesses and anyone else interested in increasing their exports. The conference is highly anticipated with experts from the Thunderbird School of Global Management, U.S. Export Assistance Centers (International Trade Administration), the Minority Business Development Agency, EXIM Bank of the U.S., Bank of America, and the Arizona International Growth Group.