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.
Congratulations to MBDA’s National Conference award recipients! This year’s conference was held in Houston, Texas during June 20-24; celebrating the accomplishment of MBDA’s business centers. Representatives from the centers were acknowledged for their outstanding performance and contributions to minority business development.
National Outstanding Performance Award
The San Antonio Business Center was awarded the 2010 National Outstanding Performance Award, which recognizesthe top center achieving the highest scores in multiple categories.
National Enterprise Center Performance Award
Given to the highest performing center in each of the regional offices.
Small Business Innovation Research (SBIR) Program
The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.
Business owners aren't always aware of all the resources the government makes available for them. For example, the Department of Commerce has tools to directly help companies at every point in the business life cycle. And we’re particularly focused on helping the small and medium-sized businesses that create over half of all new jobs.
Startups, newly established and growing small businesses now have a new source of financing backed by the U.S. Small Business Administration as 20 community organizations have been funded by SBA to start making loans up to $200,000 to qualifying small businesses.
Authorized under the Small Business Jobs Act of 2010, the new Intermediary Lending Pilot Program will provide direct loans up to $1 million to 20 community organizations or intermediaries in fiscal year 2011, which in turn will use those funds to help finance small businesses, mostly in underserved markets.