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Archive for the ‘U.S. Small Business Administration’ Category

New From the GAO

October 23, 2014 Comments off

New GAO Report
Source: Government Accountability Office

Small Business Administration: Additional Steps Needed to Help Ensure More Timely Disaster Assistance. GAO-14-760, September 29.
http://www.gao.gov/products/GAO-14-760
Highlights – http://www.gao.gov/assets/670/666218.pdf
Podcast – http://www.gao.gov/multimedia/podcasts/666521

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New From the GAO

May 30, 2014 Comments off

New GAO Reports and Testimony
Source: Government Accountability Office

Reports

1. DOD Financial Management: Improvements Needed in Army’s Efforts to Ensure the Reliability of Its Statement of Budgetary Resources. GAO-14-60, May 30.
http://www.gao.gov/products/GAO-14-60
Highlights – http://www.gao.gov/assets/670/663693.pdf

2. Inspectors General: A Sample of the Treasury IG for Tax Administration’s Audits Were Generally Consistent with Standards, but Additional Review Could Address Exceptions. GAO-14-70, May 16.
http://www.gao.gov/products/GAO-14-70
Highlights – http://www.gao.gov/assets/670/663280.pdf

3. Information Security: Agencies Need to Improve Cyber Incident Response Practices. GAO-14-354, April 30.
http://www.gao.gov/products/GAO-14-354
Highlights – http://www.gao.gov/assets/670/662900.pdf

4. Small Business Administration: Cosponsored Activities Can Benefit Small Businesses but Lack a Consistent Feedback Mechanism. GAO-14-260, May 30.
http://www.gao.gov/products/GAO-14-260
Highlights – http://www.gao.gov/assets/670/663711.pdf

5. Public Transit: Length of Development Process, Cost Estimates, and Ridership Forecasts for Capital-Investment Grant Projects. GAO-14-472, May 30.
http://www.gao.gov/products/GAO-14-472
Highlights – http://www.gao.gov/assets/670/663715.pdf

6. Trusted Travelers: Programs Provide Benefits, but Enrollment Processes Could Be Strengthened. GAO-14-483, May 30.
http://www.gao.gov/products/GAO-14-483
Highlights – http://www.gao.gov/assets/670/663723.pdf

Testimony

1. DOE Loan Programs: DOE Has Made More Than $30 Billion in Loans and Guarantees and Needs to Fully Develop Its Loan Monitoring Function, by Frank Rusco, director, natural resources and environment, before the Subcommittee on Oversight and Investigations, House Committee on Energy and Commerce. GAO-14-645T, May 30.
http://www.gao.gov/products/GAO-14-645T
Highlights – http://www.gao.gov/assets/670/663708.pdf

CRS — Small Business Administration Microloan Program

April 17, 2014 Comments off

Small Business Administration Microloan Program (PDF)
Source: Congressional Research Service (via National Agricultural Law Library)

The Small Business Administration’s (SBA’s) Microloan program provides direct loans to qualified non-profit intermediary Microloan lenders who, in turn, provide “microloans” of up to $50,000 to small business owners, entrepreneurs, and non-profit child care centers. It also provides marketing, management, and technical assistance to Microloan borrowers and potential borrowers. The program was authorized in 1991 as a five-year demonstration project and became operational in 1992. It was made permanent, subject to reauthorization, in 1997.

The SBA’s Microloan program is designed to assist women, low-income, veteran, and minority entrepreneurs and small business owners and other individuals possessing the capability to operate successful business concerns by providing them small-scale loans for working capital or the acquisition of materials, supplies, or equipment.

In FY2013, Microloan intermediaries provided 4,426 Microloans amounting to $51.2 million. The average Microloan was $11,569 and had a 7.76% interest rate.

CRS — Small Business Management and Technical Assistance Training Programs

March 7, 2014 Comments off

Small Business Management and Technical Assistance Training Programs (PDF)
Source: Congressional Research Service (via Women Impacting Public Policy)

The Small Business Administration (SBA) has provided technical and managerial assistance “to small-business concerns, by advising and counseling on matters in connection with government procurement and on policies, principles and practices of good management” since it began operations in 1953. Initially, the SBA provided its own small business management and technical assistance training programs. Over time, the SBA has relied increasingly on third parties to provide that training.

Congressional interest in the SBA’s management and technical assistance training programs has increased in recent years, primarily because these programs are viewed as a means to assist small businesses in creating and retaining jobs. The SBA will spend $185.915 million on these programs in FY2014.

These programs fund about “14,000 resource partners,” including 63 lead small business development centers (SBDCs) and more than 900 SBDC local outreach locations, 108 women’s business centers (WBCs), and 354 chapters of the mentoring program, SCORE. The SBA reports that more than 1 million aspiring entrepreneurs and small business owners receive training from an SBA-supported resource partner each year. The SBA argues that these programs contribute “to the long-term success of these businesses and their ability to grow and create jobs.”

CRS — SBA Veterans Assistance Programs – An Analysis of Contemporary Issues

February 19, 2014 Comments off

SBA Veterans Assistance Programs – An Analysis of Contemporary Issues (PDF)
Source: Congressional Research Service (via MSPB Watch)

Several federal agencies, including the Small Business Administration (SBA), provide training and other assistance to veterans seeking civilian employment. For example, the Department of Defense, in cooperation with the Department of Labor, Department of Veterans Affairs, and several other federal agencies, including the SBA, operates the Transition Assistance Program (TAP) and the Disabled Transition Assistance Program (DTAP). Both programs provide optional employment information and training to service members within 180 days of their separation from military service, or retirement, to assist them in transitioning from the military to the civilian labor force.

In recent years, the SBA has focused increased attention on meeting the needs of veteran small business owners and veterans interested in starting a small business. In FY2012, the SBA provided management and technical assistance services to more than 134,000 veterans through its various management and technical assistance training partners (e.g., Small Business Development Centers, Women Business Centers, Service Corps of Retired Executives (SCORE), and Veteran Business Outreach Centers). In addition, the SBA’s Office of Veterans Business Development administers several programs to assist veteran-owned small businesses.

In recent years, the SBA has focused increased attention on meeting the needs of veteran small business owners and veterans interested in starting a small business. In FY2012, the SBA provided management and technical assistance services to more than 134,000 veterans through its various management and technical assistance training partners (e.g., Small Business Development Centers, Women Business Centers, Service Corps of Retired Executives (SCORE), and Veteran Business Outreach Centers). In addition, the SBA’s Office of Veterans Business Development administers several programs to assist veteran-owned small businesses.

Small Business Administration Quarterly Employment Bulletin –Small Business Employment: Fourth Quarter 2013

February 12, 2014 Comments off

Small Business Administration Quarterly Employment Bulletin –Small Business Employment: Fourth Quarter 2013 (PDF)
Source: U.S. Small Business Administration

The U.S. economy continues to show signs of growth. Economic growth has recovered relatively quickly and returned to pre-recession levels within four years. The labor market is showing signs of improvement but still has areas of concern. For example, nonfarm private sector employment is still 600,000 below its pre-recession levels, and some employment indicators have not gained traction.

CRS — Small Business: Access to Capital and Job Creation

February 11, 2014 Comments off

Small Business: Access to Capital and Job Creation (PDF)
Source: Congressional Research Service (via MSPB Watch)

The SBA administers several programs to support small businesses, including loan guaranty and venture capital programs to enhance small business access to capital; contracting programs to increase small business opportunities in federal contracting; direct loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; and small business management and technical assistance training programs to assist business formation and expansion. Congressional interest in these programs has increased in recent years, primarily because assisting small business is viewed as a means to enhance economic growth.

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