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Financial Education


  • Submitted on 02 August 2016

    Created on August 2, 2016
     

    The U.S. Small Business Administration released its highly anticipated Small Business Innovation Research (SBIR) online tutorials to help small businesses navigate the SBIR program. The site provides users with a mobile-compatible site to learn about the program through a combination of videos and text. This platform will provide accessible program information and training resources to underrepresented areas.  There is no registration or fee required and the courses are open to all.

    “We are excited to introduce these tutorials.  We know there are many small businesses in rural communities as well as young entrepreneurs that are unaware of this amazing program,” said Mark Walsh, SBA’s Associate Administrator for Investment and Innovation.  “SBA has pulled together resources from across the federal government, providing them in a format easily accessible on mobile devices, while allowing users to select just the information they need.”

  • Submitted on 27 July 2016

    Created on July 27, 2016
     

    Did you know that the U.S. Small Business Administration (SBA) has the largest seed fund on the planet?

    Capital formation or “seed money” is the first infusion of capital to make an idea go from a napkin to reality. America's Seed Fund, otherwise known as SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, specialize in assisting entrepreneurs in the technology and science fields. SBA is authorized by Congress to deploy $4 billion annually and there is $25 billion in assets currently under management.

  • Submitted on 29 April 2016

    Created on April 29, 2016
     

    Money Smart for Small Business (MSSB) provides a practical introduction to topics related to starting and managing a business. Developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA), this instructor-led curriculum consists of 13 modules (download the MSSB Flyer). FDIC and SBA invites eligible organizations to begin teaching this free curriculum right away!

    The curriculum can be downloaded , but it is also available in CD format.

  • Submitted on 08 March 2016

    Created on March 8, 2016
     

    Operating an employee benefit plan can be challenging, especially for small and medium sized employers who have limited time, resources, and access to professional help with benefit programs.  To help increase awareness and understanding about basic fiduciary responsibilities when operating a retirement or health benefit plan, the Department of Labor is presenting the Getting It Right – Know Your Fiduciary responsibilities webcast series.

    The webcast series will help employers and service providers understand how the fiduciary responsibility provisions of the Employee Retirement Income Security Act (ERISA) apply to employer-sponsored retirement and health plans, and provide information on how to avoid common problems in managing a plan.

  • Submitted on 19 January 2016

    Created on January 19, 2016
     

    The U.S. Small Business Administration (SBA) and the Federal Deposit Insurance Corporation (FDIC) jointly provide an instructor-led business training curriculum, Money Smart for Small Business, for free. This curriculum is designed to provide introductory-style training for new and aspiring entrepreneurs.

    The 13 modules provide the most essential information on running a small business from a financial standpoint. In addition to grounding participants in the basics, the curriculum serves as a foundation for more advanced training and technical assistance.

  • Submitted on 27 November 2015

    Created on November 27, 2015
     

    Submit CommentsThe U.S. Small Business Administration (SBA) is proposing revisions to its regulations for determining affiliation under SBA’s business loan programs and its surety bond guarantee program.  These revisions are designed to simplify eligibility determinations and reduce costs and processing time.

    The proposed revisions were published October 2, 2015 in the Federal Register.  The comment period will be open until December 1, 2015.  SBA seeks comments from the public on the proposed rule and will consider these comments in its development of a final rule.

  • Submitted on 25 November 2015

    Created on November 25, 2015
     

    myRAThe U.S. Treasury officially launched its myRA program, a new simple, safe, no-fee retirement savings option for the millions of Americans without access to a retirement savings plan at work. Please see the below press release and spread the word to your colleagues, community members, and businesses.

    myRA makes saving simple, safe, and affordable for individuals to start saving, and is a good option for employers who do not offer a retirement savings plan to any portion of their staff, such as part-time, seasonal, or other employees.  With myRA, there are no costs to open an account, no fees, and no complicated investment options. Plus, people can choose how much to contribute – any amount that fits their budget – and they can access the money they put into their account if they need it. Also, at tax time, individuals can direct all or part of their federal tax refund to their myRA account.

  • Submitted on 05 November 2015

    Created on November 5, 2015
     

    SEC LogoThe Securities and Exchange Commission announced that it will hold its annual Government-Business Forum on Small Business Capital Formation at its Washington D.C. headquarters on Nov. 19, 2015.

    The morning session of the forum will feature panel discussions on exempt and registered offerings occurring after the passage of the JOBS Act.  During the afternoon session, participants will work in groups to formulate specific policy recommendations.

    Information on the panel participants and the full agenda for the forum will be announced in November and available on the forum webpage.

    The forum, which begins at 9 a.m., is open to the public, and the morning session will be webcast live on the SEC’s website.  The afternoon breakout group sessions will not be webcast but will be accessible by teleconference for those not attending in person.  Anyone wishing to participate in a breakout group either in person or by teleconference must register online by Nov. 13, 2015.

  • Submitted on 05 November 2015

    Created on November 5, 2015
     

    Conference AttendeesSince the first Minority Finance Forum (MFF) a year ago, MBDA Business Centers have been building the only pipeline of its kind, mid-market minority-owned businesses looking for growth financing.  After a year of monthly calls where Business Centers discussed challenges and opportunities related to access to capital, the second annual MFF at the Chicago Association for Corporate Growth (ACG) 2015 Midwest Capital Connections was held October 19, 2015.  MFF featured panel discussions and extensive networking at the Untitled Supper Club in Chicago, Illinois, with the connection event the next day at Navy Pier presenting over 200 investment bankers, private equity, and other capital sources looking to make deals with businesses and amongst themselves.

  • Submitted on 05 November 2015

    Created on November 5, 2015
     

    Crowdfunding Word CloudThe Securities and Exchange Commission today adopted final rules to permit companies to offer and sell securities through crowdfunding.  The Commission also voted to propose amendments to existing Securities Act rules to facilitate intrastate and regional securities offerings.  The new rules and proposed amendments are designed to assist smaller companies with capital formation and provide investors with additional protections.

    Crowdfunding is an evolving method of raising capital that has been used to raise funds through the Internet for a variety of projects.  Title III of the JOBS Act created a federal exemption under the securities laws so that this type of funding method can be used to offer and sell securities.  

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