EDA: $1.6 Million Invested to Support Business Development and Disaster Efforts in South Carolina

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $1.6 million in the state of South Carolina to stimulate private investment and help protect businesses from future severe weather events. The EDA grants, to be matched with $775,148 in state and local […]

SBA: New Final Rule Modifies Method for Calculating Annual Revenues for Small Businesses

The U.S. Small Business Administration today published in the Federal Register a final rule to modify its method for calculating annual revenues used to prescribe size standards for small businesses. The final rule is effective Jan. 6, 2020. The SBA changed its regulations on the calculation of annual revenues from a three-year averaging period to a […]

EDA: $1.6 Million Invested to Establish Business Revolving Loan Fund in Youngstown, OH

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Mahoning Valley Economic Development Corporation (MVEDC) of Youngstown, Ohio, to establish a new Revolving Loan Fund (RLF) in support of small businesses and entrepreneurs. The EDA grant, […]

SBA: Final Rule Issued to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities

The U.S. Small Business Administration today issued a final rule that will implement changes to the Historically Underutilized Business Zone (HUBZone) program that will make the program more attractive to small businesses and encourage them to invest in HUBZone communities and hire HUBZone residents. The new rule changes will also make it easier for […]

SBA: Celebrating Small Business Saturday in Communities across America

U.S. Small Business Administration Acting Administrator Chris Pilkerton is encouraging Americans to support local communities by shopping at small businesses on Saturday, November 30. Celebrated each year on the Saturday after Thanksgiving, Small Business Saturday allows consumers to make a tremendous impact in their neighborhoods by supporting local small businesses. Last […]

Census Bureau: 2017 County Business Patterns Now Available

The U.S. Census Bureau today released the 2017 County Business Patterns (CBP). This annual series of statistics provides subnational economic data by industry. These data show detailed annual information on the number of establishments, first quarter employment, and first quarter and annual payroll at the national, state, metropolitan area, county […]

SBA: Direct Final Rule Issued that Will Allow Governors to Seek HUBZone Designation for Certain Rural Areas

The U.S. Small Business Administration today issued a direct final rule that will allow governors to petition the SBA’s Administrator to designate HUBZone status to certain covered areas.  A covered area is an area in a state that is located outside of an urbanized area, as determined by the Census Bureau, with a […]

SBA: New Initiative Assists Veterans Transitioning to Civilian Life, Entrepreneurs, Small Business Owners

As National Veterans Small Business Week came to a close, three Atlantic Region federal agencies are carrying on its mission with a new initiative to assist both Veterans transitioning to civilian life as well as their families through entrepreneurship and small business ownership. The U.S. Small Business Administration (SBA), U.S. […]

SBA: 5th Annual Mentor-Protege Conference Scheduled Next Week to Connect Small Businesses with Federal Contract Opportunities

The U.S. Small Business Administration will host its Mentor-Protégé Conference on November 12-13 at the DoubleTree Hotel in Arlington, Va. The conference will give small businesses access to guidance on federal contracting, face-to-face meetings and opportunities to team with larger businesses and graduates of the SBA’s 8(a) Business Development program.  “It’s important […]

SBA: Celebrating National Veterans Small Business Week 2019

Veteran-owned businesses contribute nearly $1 trillion each year to U.S. The U.S. Small Business Administration will celebrate the accomplishments of veteran, service member, and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 4-8. “This week is dedicated to celebrating the nation’s 2.5 million veteran-owned businesses who contribute nearly […]