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Established Businesses and Growth


  • Submitted on 03 March 2015

    Created on March 3, 2015
     

    Summit Comment on Small Business Mentor Protege Program;The U.S. Small Business Administration (SBA) recently published a proposed rule to amend its regulations to establish a government-wide Mentor-Protégé Program for all small businesses as directed by the Small Business Jobs Act of 2010 and the National Defense Authorization Act of 2013 (NDAA). As directed by the statute, the proposed small business mentor-protégé program is modeled on SBA’s existing 8(a) Business Development mentor-protégé program.

    The expansion of the program will increase opportunities for small businesses to enter the federal marketplace as well as to pursue larger and more complex requirements. The mentor protégé program is designed to pair up nascent firms that are facing potential development gaps with larger, more experienced firms that can assist in filling those gaps.

    Mentors typically provide support in areas such as managerial experience, past performance qualifications, project implementation know-how and the ability to manage larger and complex contracts.

  • Submitted on 06 February 2015

    Created on February 6, 2015
     

    American Supplier Initiative with matchmaking eventsThe U.S. Small Business Administration will expand the American Supplier Initiative with matchmaking events that will be held throughout 2015.  The matchmaking events will help provide small businesses with the tools and resources needed to become effective suppliers and connect with federal and commercial supply chain opportunities.

    “The American Supplier Initiative is part of a comprehensive plan to create jobs through growing small businesses while also ensuring that America has a strong, deep and diverse supply chain,” said SBA Administrator Maria Contreras-Sweet.  “Becoming a corporate supplier can be a true catalyst for business growth, but accessing those supply chains can be challenging for small businesses.  The American Supplier Initiative exists to help our nation’s small businesses find their footing in these supply chains.”

  • Submitted on 13 January 2015

    Created on January 13, 2015
     

    Government Contracting - Government building with U.S. FlagThe U.S. Small Business Administration (SBA) recently published a proposed rule to implement Section 1651 of the National Defense Authorization Act of 2013 (NDAA), proposing to change several key areas, including: the performance requirements applicable to small business and socioeconomic program set aside contracts and small business subcontracting, the non-manufacturer rule and affiliation rules, and the performance requirements for joint ventures. 

    If you’re a small business doing business with the government, the proposed rule includes a number of provisions that could impact you. Comments must be received on or before February 27, 2015.

    The highlights of the proposed revisions to the NDAA include:

  • Submitted on 31 December 2014

    Created on December 31, 2014
     

    Emerging LeadersThe U.S. Small Business Administration has launched its 2015 Emerging Leaders executive-level training series in 48 cities and communities across the country. 

    The initiative has trained more than 2,400 promising small business owners in underserved communities, and its impact continues to expand in helping small businesses to grow and create jobs throughout the country.  There are 22 new cities joining the initiative for the first time, including Birmingham, Charlotte, Salt Lake City, Puerto Rico and Providence.

  • Submitted on 03 December 2014

    Created on December 3, 2014
     

    Holiday ShoppingLocally-owned small retailers can earn 50 percent or more of total annual sales during the critical holiday shopping period between Black Friday and New Year’s Day. The business choices made during this important period can have direct effects on a small firm’s cash flow for the entire year. The SBA surveyed several business counselors from the Colorado Small Business Development Centers and SCORE to compile this list of the top six hurdles small retailers face during the busy holiday shopping season.

    Lack of inventory control. Inventory control is crucial for all small retailers, especially during the busy holiday sales months. It is important to remember that inventory equals profits, and knowing how much product to order, when to order it, and what items to order can make the difference between having cash in the bank or aging inventory on the shelves.

  • Submitted on 18 September 2014

    Created on September 9, 2014
     

    The U.S. Small Business Administration published two proposed rules to revise small business size standards in North American Industry Classification System (NAICS) Sector 31-33 (Manufacturing) and industries with employee-based size standards that are not a part of NAICS Sector 31-33, Sector 42 (Wholesale Trade), and Sector 44-45 (Retail Trade).  The proposed rules were published in the Federal Register today. 

    As part of its comprehensive size standards review required by the Small Business Jobs Act of 2010, the SBA evaluated employee-based size standards for all 364 industries in NAICS Sector 31-33 and 57 industries and five exceptions that are not in NAICS Sectors 31-33, 42, or 44‑45 to determine whether they should be retained or revised.

    In the first rule, SBA proposes to increase size standards for 209 industries in Sector 31-33.  The SBA also proposes to increase the refining capacity component of the Petroleum Refiners (NAICS 324110) size standard to 200,000 barrels per calendar day total capacity for businesses that are primarily engaged in petroleum refining.  The proposed rule also eliminates the requirement that 90 percent of a refiner’s output being delivered should be refined by the bidder. 

  • Submitted on 12 September 2014

    The Department of Commerce announces the renewal of the Manufacturing Council (Council) and is currently seeking applications for appointment of up to 30 members of the Council for a two-year term to begin in December 2014. The Council advise the Secretary of Commerce on policies and programs that affect manufacturing, provide a forum to discuss and propose solutions to industry related problems, and ensure that the U.S. remains the top world destination for manufacturing in the world.

  • Submitted on 20 May 2014

    Created on May 20, 2014
     

    Wholesale Trade IndustryThe U.S. Small Business Administration has proposed increasing small business size standards affecting businesses in 46 industries in North American Industry Classification System (NAICS) Sector 42, Wholesale Trade, and in one industry in Sector 44-45, Retail Trade.  If they are adopted, nearly 4,000 more firms will become eligible for SBA’s loan programs.  The proposed rule was published in the Federal Register today.  

    The proposed size standards would define the maximum number of employees a firm in these industries could have and still be a small business.  The proposed revisions reflect changes in marketplace conditions.

    SBA proposed to retain the current size standards for the remaining industries in those sectors.  SBA reviewed all of the employee-based size standards for both sectors to determine whether the size standards should be revised or retained. 

    The SBA has also proposed to retain the current 500-employee size standard for federal procurement of supplies under its non-manufacturer rule because Wholesale Trade and Retail Trade NAICS codes and their small business size standards cannot be used for procurement of supplies.  These proposed revisions primarily affect eligibility for SBA’s financial assistance programs. 

  • Submitted on 06 May 2014

    National Small Business WeekAs part of National Small Business Week, the U.S. Small Business Administration (SBA) and co-sponsors will be hosting numerous training webinars and online events from May 12-15.  

    Making It Big: Small Biz Success in a Mobile World

    When: 9 a.m. (EDT), Wednesday, May 14

    Online:  View live online at www.sba.gov/smallbusinessweek 

  • Submitted on 31 January 2014

    Created on January 31, 2014
     

    Emerging LeadersWhat is Emerging Leaders?

    The Emerging Leaders is an intensive training initiative to accelerate high-potential small businesses’ growth in America’s inner-cities. This comprehensive curriculum provides the tools to catapult participating companies to the next level and help them emerge as growing, self-sustaining businesses in their community.

    What does the Emerging Leaders advanced training entail?

    Over seven months, participants are required to participate in approximately 60-80 hours of classroom instruction, generally two three-hour sessions per month. The method used is primarily instructor-facilitated discussion of the training curriculum. Outside subject matter experts are included as guest speakers to bring a “real world” perspective. Additionally, class participants meet and work in smaller CEO Peer Mentoring Groups for an additional 15-20 hours during the training period.

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