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  • Submitted on 29 March 2011

    National Director David Hinson

    In honor of Women’s History Month and in recognition of the new statistics on firms owned by American Indians and Alaskan Natives, this edition of MBDA’s newsletter features an inspiring storing about Sister Sky—a firm owned and operated by two sisters from the Spokane tribe in Eastern Washington.  As I travel around the country, I am in awe of the innovation, tenacity, and the indomitable spirit of minority business owners and their unwillingness to quit in the face of overwhelming odds. That’s the spirit that makes America great.

    With the release the 2007 Survey of Business Owners data by the Census Bureau and MBDA’s American Indian and Alaskan Native Business Fact Sheet, we have evidence that there was growth in the number of American Indian and Alaskan Native-owned firms since 2002.  Yet, job creation by these firms has not materialized and the average gross receipts of American Indian and Alaskan Native-owned firms ($145,000) are significantly below average compared to non-minority firms ($490,000). 

    Still, of the 237,000 American Indian and Alaskan Native-owned firms that generate more than $34.0 billion in gross receipts, there are more than 4,600 that produce $1.0 million dollars or more in revenue.  These firms combined generated gross receipts of $23 billion and employed 116,759 workers.  Clearly, there is an upside to building your firm to size, scale and capacity.  Sister Sky, along with their commitment to creating jobs on the Spokane reservation, and with the support of MBDA and other federal partners, is headed in the right direction.

  • Submitted on 23 March 2011

    USPTO to Offer Free, Two-Day, Program on Protecting Intellectual Property from Theft in China on April 6-7

    The United States Patent and Trademark Office (USPTO) will host a free, two-day, seminar for businesses on April 6 – 7, at the USPTO Headquarters in Alexandria, Virginia, to help them learn about how to protect against intellectual property theft from China.  China continues to be the number one source of counterfeit products seized by U.S. Customs and Border Protection in 2010, accounting for 61 percent of all seizures.

  • Submitted on 17 March 2011

    EDA’s i6 Green Challenge Webinar
    Join Assistant Secretary of Commerce John Fernandez for a discussion of the latest
    round of innovation grants from the Office of Innovation and Entrepreneurship.

    Title:  i6 Green Challenge | Date:  Monday, March 21, 2011 | Time:  3:00 - 3:30 pm EST
    Click here
    to register.

  • Submitted on 16 March 2011

    2011 OSDBU Conference

    Some 3,500 minority, women and disabled veteran small business owners are expected to attend the OSDBU event on April 21st in suburban Washington, DC to meet with government buyers and their prime contractors.

    This is a unique marketing environment, so here are some tips to take advantage of every minute:

  • Submitted on 03 March 2011

    On Tuesday, March 29, 2011, the Internal Revenue Service is presenting a FREE webinar for tax professionals, small businesses, self-employed persons and independent contractors: Business Taxes for the Self-Employed: The Basics.

    The webinar will cover:

    • Reporting profit or loss from a business or profession

    • Self-employment tax and estimated tax payments

    • Schedule C and C-EZ

    • Deducting business expenses

    • Husband and wife businesses

    • Recordkeeping

    The webinar starts at 2 p.m. Eastern, 1 p.m. Central, noon Mountain and 11 a.m. Pacific.

  • Submitted on 24 February 2011

    "Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs." President Barack Obama, January 31, 2011

    As part of the White House’s Startup America initiative, senior Obama Administration officials will visit eight cities to meet with entrepreneurs and hear directly from them on ideas and suggestions for reducing barriers and regulations to build a more supportive environment for entrepreneurship and innovation.  

    In January, President Obama issued an Executive Order instructing federal agencies to identify and take steps to reduce regulations that are outdated or overly burdensome to entrepreneurs. This roundtable series builds on that directive and is part of the Administration’s overall Startup America efforts to support for startups and entrepreneurs with tools and resources to grow America’s economy and win the future.

  • Submitted on 15 February 2011

    The U.S. Small Business Administration today published a package of final rules that will revise regulations to strengthen its 8(a) Business Development program to better ensure that the benefits flow to the intended recipients and help prevent waste, fraud and abuse.

    The rules were published today in The Federal Register and will become effective in 30 days on March 14, 2011.

    The revisions are the first comprehensive overhaul of the 8(a) program in more than 10 years. The regulations incorporate technical changes and substantive changes that mirror existing or new legislation enacted since the last revision in June 1998.

  • Submitted on 15 February 2011

    Lenders who participate in the U.S. Small Business Administration’s Preferred Lender Program can approve loans through the agency’s new Small Loan Advantage program beginning Feb. 15. At the same time, the agency will begin accepting applications from community-based, mission-focused lenders who are interested in making SBA-guaranteed loans through the new Community Advantage program.

    Both the Small Loan Advantage and Community Advantage programs were announced in December as part of the agency’s efforts to increase the number of lower dollar loans being made to small businesses and entrepreneurs in underserved communities.

  • Submitted on 31 January 2011

    On behalf of the White House Initiative on Asian Americans and Pacific Islanders (Initiative), I would like to invite you to submit comments to agency plans posted online at www.aapi.gov under “Agency Implementation Plans” in the right-hand column.  In order for the federal government to take meaningful steps, it is critically important that the Asian American and Pacific Islander (AAPI) community provide feedback to help guide the final review. 

  • Submitted on 24 January 2011

    Advocacy Strongly Supports Focus on Small Business

    Chief Counsel for Advocacy Winslow Sargeant praised President Obama’s efforts on behalf of small business following the President’s signing Executive Order, “On Improving Regulation and Regulatory Review.” The executive order requires federal agencies to review and remove outdated regulations and, where consistent with law, consider the costs and benefits of a regulation and choose the least burdensome path.  

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