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asowah's blog


Grow Your Company with Training/Employment Programs & Manufacturer Training Grants

Blogged By: 
Terry Richards

State of Connecticut Launches STEP UP for Small Businesses

On April 3, 2012, Governor Dan Malloy (D-CT) announced a new program designed to promote job creation by providing incentives to employers that hire unemployed jobseekers.

The Subsidized Training and Employment Program (STEP UP), created as part of a jobs package passed by the state legislature, creates two types of hiring incentives for eligible small businesses. A six month wage subsidy is available to small businesses with fewer than 50 employees who hire those from a community with an employment rate equal to or higher than that of the state (7.7% as of April 2012). Further, such employees must have an adjusted family income equal to or less than 250% of the federal poverty level.

5 Types of Company Mergers

Blogged By: 
MBDA

Types of MergersThere are five commonly-referred to types of business combinations known as mergers: conglomerate merger, horizontal merger, market extension merger, vertical merger and product extension merger. The term chosen to describe the merger depends on the economic function, purpose of the business transaction and relationship between the merging companies.

Conglomerate

A merger between firms that are involved in totally unrelated business activities. There are two types of conglomerate mergers: pure and mixed. Pure conglomerate mergers involve firms with nothing in common, while mixed conglomerate mergers involve firms that are looking for product extensions or market extensions.

Example

A leading manufacturer of athletic shoes, merges with a soft drink firm. The resulting company is faced with the same competition in each of its two markets after the merger as the individual firms were before the merger. One example of a conglomerate merger was the merger between the Walt Disney Company and the American Broadcasting Company.

Earth Day Survey Shows Eco-conscious Companies are Growing on Job Seekers

Blogged By: 
MBDA

In celebration of Earth Day on April 22nd, TheLadders released a new survey revealing that job seekers go for the green when making a decision about their future employer. In fact, when offered two equal job opportunities, 72 percent of candidates would choose the more eco-conscious company versus 10 percent who said that they would not. Less than a fifth (18 percent) said it would not influence their decision. TheLadders surveyed more than 100 professionals in the following industries: construction, education, engineering, finance, human resources, law, marketing, medical/science, operations, real estate, sales and technology.

TheLadders Earth Day survey also revealed other key learnings:

New Intellectual Property Resources Available

Blogged By: 
MBDA

IP Awareness AssessmentThe U.S. Department of Commerce’s Patent and Trademark Office (USPTO) and National Institute of Standards and Technology (NIST) Manufacturing Extension Partnership (MEP) unveiled a new web-based intellectual property (IP) Awareness Assessment Tool designed to help manufacturers, businesses, entrepreneurs and independent inventors easily assess their knowledge of intellectual property (IP). 

U.S. Securities and Exchange Commission Seeks Comments On JOBS Act Rulemaking

Blogged By: 
MBDA

The Securities and Exchange Commission announced it will begin accepting comments from the public as the agency sets out to make rules required under the recently-signed Jumpstart Our Business Startups (JOBS) Act.

Under a process first utilized with the Dodd Frank Wall Street Reform and Consumer Protection Act, the public will be able to comment before the agency even proposes its regulatory reform rules and amendments.

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

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