The statistics are in: Growth of small and microbusiness lending was positive during the first half of 2008, but it was slower than in the previous year. This is according to the latest edition of the Office of Advocacy’s annual study of lending to small firms: Small Business & Micro Business Lending in the United States for Data Years 2007-2008, which gives a detailed account of small business lending overall, plus state-by-state totals and totals for individual lenders.
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The report uses the most recent Consolidated... [Read Full Article]
Government, Politics and the Economy
Obama Names Venture Capitalist to SBA Advocacy Office
President Obama has named Venture Capitalist Winslow Sargeant as the chief counsel of the Small Business Administration’s Office of Advocacy. SmallBizJournal.com
Obama: Our Projects Will Boost Jobs, Economy Has `Long Way to Go'
President Obama has vowed to speed up the spending of federal money on public works projects and said there are signs that a US economic recovery has helped lead to a “reduction in fear” in financial markets. Bloomberg.com
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In a recent paper released by the Small Business Administration (SBA) Office of Advocacy, entitled “Looking Ahead: Opportunities and Challenges for Entrepreneurship and Small Business Owners,” author Chad Moutray identified five opportunities coming in the next decade that small business owners can look forward to.
Investment in Technology and Innovation Increasing With strong ties between innovation and business creation, government is recognizing the fact that entrepreneurs with seemingly risky ventures can have a positive impact on local economies. "Economic Gardening" Becoming More Prominent The practice of "economic gardening"(spending money on promoting existing, local business instead of trying to woo large corporations to town) is being seen as a better long term solution to local job creation.International Markets-The Final Frontier Within our current economic situation, the e... [Read Full Article]