WASHINGTON, DC

U.S. Small Business Administration Announces Strategic Alliance to Support Small Business Exporters

Retrieved on: 
Wednesday, December 14, 2022
Agency, Federation, Small business, Human, Safety, Education, SBA, Growth, International trade, SAM, American Bankers Association, Policy, Bank

BAFT and SBA strive to tackle challenges both lenders and small businesses face when seeking the trade financing that is essential to international trade.

Key Points: 
  • BAFT and SBA strive to tackle challenges both lenders and small businesses face when seeking the trade financing that is essential to international trade.
  • Together, the SBA and BAFT will work to educate small businesses and their lenders on the export financing solutions available in the marketplace.
  • “SBA’s new agreement with BAFT recognizes the impact and ingenuity of our small business exporters and the important role our lending partners play in funding their growth,” said Administrator Guzman.
  • The U.S. Small Business Administration helps power the American dream of business ownership.

SBA Announces End-of-Year Capital Benchmarks Showing Historic Support for Small Businesses Under Administrator Guzman

Retrieved on: 
Tuesday, December 13, 2022
Woman, Agency, Federation, Small business, Investment, Early Stages, Human, Partnership, Fiscal year, Capital Access for Small Community Financial Institutions Act, Ecosystem, GDP, Community, SBIC, Community Advantage Loan, SBA, Face, Innovation, Growth, International trade, Small Business Administration, Black, Success, CDC Group, Bank, Renewable energy, Financial services, Management, Export, Microcredit, COVID
Key Points: 

    U.S. Small Business Administration Awards New Regional Grants to Spur Innovation and Support High-Quality Jobs

    Retrieved on: 
    Tuesday, December 13, 2022
    Federation, Small business, Farmer, Human, NASA, Economic development, Caribbean Farmers Network (CaFAN), SBA, Quantity surveyor, Gulf Coast of the United States, RIC, Agriculture, NOAA, Renewable energy, Creative industries, United States Navy

    Washington D.C., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses in President Biden’s Cabinet, announced additional grants designed to create or sustain innovation initiatives and high-quality jobs through consortiums of regional businesses known as regional innovation clusters.

    Key Points: 
    • Washington D.C., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses in President Biden’s Cabinet, announced additional grants designed to create or sustain innovation initiatives and high-quality jobs through consortiums of regional businesses known as regional innovation clusters.
    • The new grants, totaling $319,000 and $240,800, will go to two new small business innovation clusters in Oregon and Mississippi, respectively, adding to the portfolio of communities the agency supports through its Regional Innovation Clusters (RIC) initiative.
    • To learn more, get contact information, or obtain a complete list of SBA Regional Innovation Clusters, go to https://www.sba.gov/local-assistance/regional-innovation-clusters .
    • The U.S. Small Business Administration helps power the American dream of business ownership.

    Journalism Jobs Are Declining and Often Don’t Pay Well, Georgetown CEW Report Says

    Retrieved on: 
    Thursday, December 8, 2022
    Workforce, Education, Woman, Johns Hopkins University Center for Communication Programs, Public policy, Georgetown University Center for Latin American Studies, Communication, University, Internet, Mathematics, Student, McCourt School of Public Policy, Employment, Television, Health, Psychology, George Washington University, Science, Engineering, University of Missouri, Columbia University, Radio, Public, STEM, Journalism, Pell, Positive economics, Pell Grant, Cornell University, Democracy, Research, History, California Lutheran University, Risk, White, CEW, Policy, Moses Austin, Medicine, Northwestern University, New York University

    More than one-third of journalism jobs will be lost between 2002 and 2031, according to a report from the Georgetown University Center on Education and the Workforce (CEW).

    Key Points: 
    • More than one-third of journalism jobs will be lost between 2002 and 2031, according to a report from the Georgetown University Center on Education and the Workforce (CEW).
    • Stop the Presses: Journalism Employment and the Economic Value of 850 Journalism and Communication Programs explores the transformation of the journalism profession and ranks journalism and communications programs at 850 institutions by their payoff for graduates in the labor market.
    • The recent layoffs raise the urgency of this issue,” lead report author and CEW Director Anthony P. Carnevale said.
    • Among bachelor’s degree holders in communication and journalism, women’s median earnings are the same or higher than men’s three years after graduation.

    U.S. Small Business Administration Statement on the House Select Subcommittee on the Coronavirus Crisis Report Concerning Fraud in the Paycheck Protection Program

    Retrieved on: 
    Wednesday, December 7, 2022
    PPP, Federal Reserve Board of Governors, Federation, Small business, Human, Treasury, Blake Paulson, Comptroller, Fraud, Office of Inspector General, U.S. Department of Health and Human Services, Currency, Consumer, SBA, COVID-19, Harvest, U.S. Department of the Treasury, Office of Inspector General, Federal Deposit Insurance Corporation, Small Business Administration, Cross River Bank, Consumer Financial Protection Bureau, Paycheck Protection Program, Pharmaceutical industry, Bank

    “The SBA has immediately suspended non-lenders Blueacorn and Womply, companies that worked with PPP lenders, from working with the SBA in any capacity. The SBA will be investigating appropriate action against their management, owners, and successor companies.  In addition to the actions announced today, SBA launched a full investigation of the lenders -- Benworth, Capital Plus, Celtic Bank, Customers Bank, Cross River Bank, Fountainhead, Harvest, and Prestamos -- as well as the individuals and other related entities named in the report. The SBA will continue to work with the House Select Subcommittee to examine the evidence laid out in its report and continue taking corrective action to address the fraud and weak controls that were so prevalent at the onset of the PPP.

    Key Points: 
    • Washington D.C., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) issued the following statement regarding the findings from the House Select Subcommittee on the Coronavirus Crisis report on Paycheck Protection Program (PPP) fraud.
    • “The House Select Subcommittee report details serious problems of fraud and self-dealing by lenders and by companies who were paid fees by lenders to help PPP funds reach small business owners.
    • In response to new revelations detailed in the report of possible fraud facilitated by third-party companies, the Small Business Administration (SBA) is taking additional action.
    • “The SBA has immediately suspended non-lenders Blueacorn and Womply, companies that worked with PPP lenders, from working with the SBA in any capacity.

    SBA Announces Second Annual Innovation Ecosystem Summit

    Retrieved on: 
    Tuesday, December 6, 2022
    Transfer, R, Federation, Small business, Investment, Research, Human, SBIR, Small Business Innovation Research, Ecosystem, Economic development, Village Capital, University, Knowledge, SBA, Unitus Seed Fund, Moscow Technological Institute, IPO, Entrepreneurship, Incubator, Organization, OII, ESOS, ECS Journal of Solid State Science and Technology, Renewable energy, Management, Innovation, Techstars

    Washington D.C., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) announces the second annual Innovation Ecosystem Summit for entrepreneur support organizations (ESOs) to gather virtually on December 6-7.

    Key Points: 
    • Washington D.C., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) announces the second annual Innovation Ecosystem Summit for entrepreneur support organizations (ESOs) to gather virtually on December 6-7.
    • “The Innovation Ecosystem Summit brings together leaders across the public and private sectors working every day to strengthen the relationships between local and national innovation and entrepreneurship networks,” said Bailey DeVries, Associate Administrator for the SBA’s Office of Investment and Innovation.
    • The U.S. Small Business Administration (SBA) Office of Investment and Innovation (OII) leads programs that provide the high-growth small business community access to financial capital and R&D funds to develop commercially viable innovations.
    • It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations.

    U.S. Small Business Administration to Offer Disaster Loans with No Interest and No Payments for First Year

    Retrieved on: 
    Tuesday, December 6, 2022
    Agency, Federation, Survivor, Small business, Administration, Hearing, Human, Speech, Small Business Administration, Video relay service, SBA, Disaster, Tornado outbreak of September 21–23, 2006, Aquaculture, FEMA, Insurance, Bottled water, Credit

    SBA disaster loans offer individuals and businesses direct access to affordable financial assistance to help fully repair or replace disaster-damaged property.

    Key Points: 
    • SBA disaster loans offer individuals and businesses direct access to affordable financial assistance to help fully repair or replace disaster-damaged property.
    • The change is effective for all disaster loans approved in response to a disaster declared on or after September 21, 2022, through September 30, 2023.
    • The effective date covers SBA disaster loans currently available for Hurricane Fiona and Hurricane Ian declared earlier this year.
    • Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

    Biden-Harris Administration Announces Groundbreaking Joint Initiative to Drive Investment to Entrepreneurs Scaling Critical and Emerging Technologies

    Retrieved on: 
    Saturday, December 3, 2022
    Federation, Small business, DOD, Human, Letter, Small Business Administration, U.S. Department of Defense Strategy for Operating in Cyberspace, Ecosystem, United States Department of Defense, SBIC, SBA, Investment, Partnership, Renewable energy, Defense

    Washington D.C., Dec. 03, 2022 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Defense (DoD) announced a new joint effort to establish the Small Business Investment Company Critical Technologies Initiative (SBICCT), designed to grow investment in critical technologies vital to U.S. national security.

    Key Points: 
    • Washington D.C., Dec. 03, 2022 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Defense (DoD) announced a new joint effort to establish the Small Business Investment Company Critical Technologies Initiative (SBICCT), designed to grow investment in critical technologies vital to U.S. national security.
    • This new partnership will support the Biden-Harris Administration’s whole-of-government effort to bolster America’s leadership in global innovation and to strengthen our national security by incubating and scaling technologies.
    • “SBA and DoD’s new historic initiative will help make sure America maintains its edge in technologies critical to national security,” said SBA Administrator Isabella Casillas Guzman.
    • Many defense technologies require heavy research and development investment, and this instrument is designed to attract the patient private capital necessary to support these innovations.

    Statement from SBA Administrator Isabella Casillas Guzman on the U.S. Department of Defense’s New Office of Strategic Capital

    Retrieved on: 
    Saturday, December 3, 2022
    Small business, OSC, SBA, United States Department of Defense, Partnership, Federation, U.S. Department of Defense Strategy for Operating in Cyberspace, Human, Management

    DoDs creation of the Office of Strategic Capital marks a significant milestone in the Biden-Harris Administrations investment in critical technologies that drive innovation, power our nations technological leadership, and strengthen our national security.

    Key Points: 
    • DoDs creation of the Office of Strategic Capital marks a significant milestone in the Biden-Harris Administrations investment in critical technologies that drive innovation, power our nations technological leadership, and strengthen our national security.
    • SBA and DoD are aligned in our mission of growing private capital investment in emerging and critical technologies.
    • We look forward to working with DoDs Office of Strategic Capital through a new SBA-DoD partnership, which we will be announcing at the Reagan National Defense Forum.
    • It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations.