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

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

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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.

An Analysis of Internet Sales Taxation and the Small Seller Exemption

November 19, 2013 Comments off

An Analysis of Internet Sales Taxation and the Small Seller Exemption
Source: U.S. Small Business Administration

The most commonly discussed small seller exemption (SSE) in the proposed bills has been $1 million. This report calculates that 974 of the Internet Retailer Top 1,000 companies have sales exceeding $1 million. The study’s authors use established statistical techniques to account for the possibility that some larger firms are not included in the Internet Retailer data. This generates a more realistic estimate of 1,817 online retailers that could be subject to the requirements of the Marketplace Fairness Act. In either case, the number of included retailers is a very small fraction of all online sellers.

An SSE of $1 million would subject only a small share of business to the internet sales tax: less than 4.5 percent of electronic shopping and mail order houses and less than 2 percent of all non-store retailers. However, the volume of sales transactions subject to the tax would represent 57 percent of total U.S. online retail sales. A higher SSE of $5 million would affect an even smaller share of online retailers, but the share of online sales affected would remain near 57 percent (see Table 1).

Determining the impact of sales tax legislation on actual collections is complicated by the fact that many of these firms are already collecting sales taxes for a large number of states in which they currently have nexus. The study examined a sample of online retailers representing 231 of the Internet Retailer Top 1,000 companies. As shown in Figure 2, 38 of the surveyed companies (16 percent of the total) collected sales taxes for all 45 sales-taxing states. Only 8 of the surveyed companies (3 percent of the total) do not collect any sales tax, and 57 (25 percent of the total) collect in only one state. The average online retailer among the 231 in the sample collects sales taxes in about 18 states, representing about 47 percent of the total national state and local sales tax collections.

Profile of Veteran Business Owners: More Young Veterans Appear To Be Starting Businesses

November 13, 2013 Comments off

Profile of Veteran Business Owners: More Young Veterans Appear To Be Starting Businesses (PDF)
Source: U.S. Small Business Administration

What Share of Business Owners Are Veterans?
Veterans made up 9.1 percent of all business owners in 2012.

How Old Are Veteran Business Owners?
In 2012, 7.1 percent of veteran business owners were under age 35, an increase from 4.6 percent in 2008.

What is Their Gender Distribution?
Most veteran business owners are male. The share of business ownership by female veterans is lower than in the overall population, but it is growing. In 2012, 4.4 percent of veteran business owners were women, up from 2.5 percent in 2008. In the overall population, 35.9 percent of business owners were women.

How Well Are Minorities Represented?
The rate of minority business ownership by veterans was lower than non-veterans. However, Hispanic veteran business ownership appears to have increased: from 3.2 percent in 2008 to 6 percent in 2012.

What Industry Sectors Do They Operate In?
Veteran business owners are more likely to be in the goods producing sector than their non-veteran counterparts.

How Many Businesses Do They Own?
Veteran business owners were more likely than their non-veteran counterparts to own two or more businesses. In 2012, 10.3 percent of veteran business owners had two or more firms, compared to only 7.4 percent of non-veteran owners.

Measuring the Benefit of Federal Tax Expenditures Used by Small Business

November 8, 2013 Comments off

Measuring the Benefit of Federal Tax Expenditures Used by Small Business
Source: U.S. Small Business Administration

Tax expenditures are provisions in the tax law designed to benefit specific groups of taxpayers. They are similar to spending programs but generally do not involve direct federal outlays. Rather, they work through the income tax system, taking the form of special credits, exemptions, deductions, exclusions, and preferential rates. This study estimates the utilization of federal tax expenditure provisions by small and large businesses in 2013.

Small Business Quarterly Employment Bulletin – Third Quarter 2013

November 5, 2013 Comments off

Small Business Quarterly Employment Bulletin – Third Quarter 2013
Source: U.S. Small Business Administration

Shows small business job growth central to overall employment growth, as construction employment continues to recover. Small businesses are estimated to have created 4.0 million of the 6.4 million private-sector net new jobs since the recovery started.

Small Business Quarterly Bulletin: First Quarter 2013

July 23, 2013 Comments off

Small Business Quarterly Bulletin: First Quarter 2013 (PDF)
Source: U.S. Small Business Administration

Demand for small business loans , the employment size of start-ups, employment in small firms, and proprietors’ income are all on the rise. Charts 1, 4, and 6 show that small firms are rising from the depths of the most recent downturn.

The economy has also exhibited more fluidity in recent years. Not only have births and their associated employment exceeded deaths in the most recent quarters, but this turnover trend is starting to rise (Chart s 2 and 3 ). Turnover is needed to bring “newness” to the economy and create more openings for the chronically unemployed.

There is a concern that very small businesses are still struggling, as firms with fewer than 20 employees had net employment losses in the third quarter of 2012 (the latest available, Chart 5).

Small Business Lending in the United States 2012

July 11, 2013 Comments off

Small Business Lending in the United States 2012
Source: U.S. Small Business Administration

The Office of Advocacy annually publishes Small Business Lending in the United States, which provides information on the lending activities of depository lenders. Data used in the analysis come from the Consolidated Reports of Condition and Income (Call Reports starting in June 1994) and the reports required under the Community Reinvestment Act (CRA starting in 1998). The data cover savings banks, savings and loan associations, and commercial banks. Geographically, the report covers the U.S territories, the District of Columbia and all the states.

The Small Business Economy 2012

March 26, 2013 Comments off

The Small Business Economy 2012
Source: U.S. Small Business Administration

For 35 years, the Office of Advocacy has produced a series of annual reports on American small businesses titled, from 1982 to 2000, The State of Small Business and from 2001 to the present, The Small Business Economy. This is a rich collection of information about small business contributions to the economy and trends over time. In 2011, the Office of Advocacy began offering the key data on small businesses in tabular form online in place of the paperback report. This format increases the accessibility of the data for Advocacy’s stakeholders.

CRS — Small Business Administration: A Primer on Programs

March 12, 2013 Comments off

Small Business Administration: A Primer on Programs (PDF)

Source: Congressional Research Service (via Federation of American Scientists)

The Small Business Administration (SBA) administers several types of programs to support small businesses, including loan guarantee 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 the SBA’s loan and contracting programs has increased in recent years, primarily because small businesses are viewed as a means to stimulate economic activity, create jobs, and assist in the national economic recovery. Many Members of Congress also regularly receive constituent inquiries about SBA disaster loans, the loan guarantee programs, and contracting programs.

This report provides an overview of these programs, including changes made by P.L. 111-5, the American Recovery and Reinvestment Act of 2009, P.L. 111-240, the Small Business Jobs Act of 2010, and P.L. 112-239, the National Defense Authorization Act for Fiscal Year 2013. It also provides an overview of the SBA’s budget. This report references other CRS reports that examine the SBA’s programs in greater detail.

New From the GAO

March 1, 2013 Comments off

New GAO Reports

Source: Government Accountability Office

AGRICULTURAL QUARANTINE INSPECTION FEES
Major Changes Needed to Align Fee Revenues with Program Costs
GAO-13-268, Mar 1, 2013

GOVERNMENT OPERATIONS
Characteristics of Presidential Appointments that do not Require Senate Confirmation
GAO-13-299R, Mar 1, 2013

END-STAGE RENAL DISEASE
CMS Should Improve Design and Strengthen Monitoring of Low-Volume Adjustment
GAO-13-287, Mar 1, 2013

EXPORT PROMOTION
Small Business Administration Needs to Improve Collaboration to Implement Its Expanded Role
GAO-13-217, Jan 30, 2013

2012 Small Business Profiles for States and Territories

February 15, 2013 Comments off

2012 Small Business Profiles for States and Territories
Source: U.S. Small Business Administration

The Office of Advocacy’s Small Business Profiles for the States and Territories supply data on small businesses in each of the 50 states and the District of Columbia. The publication also provides national-level data and limited data on the U.S. territories. The usefulness of the publication is the great detail it provides about small businesses at the state level. The following topics are covered: the number of firms, demographics of business ownership, small business income, banking, business turnover, industry composition, and employment gains and losses by size of business. Detailed historical data may be found in the Small Business Economy.

Small Business Quarterly Bulletin — Third Quarter 2012

December 7, 2012 Comments off

Small Business Quarterly Bulletin — Third Quarter 2012 (PDF)

Source: U.S. Small Business Administration

From email:

The latest small business data showed positive movement, with business bankruptcies on the decline and an increase in income for business owners. Two metrics that showed mixed results were the growth of self-employed individuals and tightening loan demand. These and other data for the third quarter of 2012 are available in the Office of Advocacy’s Small Business Quarterly Bulletin.

The Small Business Advocate, October 2012

October 16, 2012 Comments off

The Small Business Advocate, October 2012

Source: U.S. Small Business Administration

The October issue of The Small Business Advocate reports on the Office of Advocacy’s September conference in Seattle, “Small Business and Government: Maximizing Entrepreneurship, Driving Innovation.” In presentations, panels, and hands-on activities, representatives of government and research institutions came together with cutting-edge, visionary entrepreneurs, small business owners, and investors, to learn how government can most effectively promote innovation and businesses can benefit from a relationship with government.

Small Business Quarterly Bulletin

June 14, 2012 Comments off

Small Business Quarterly Bulletin (PDF)

Source: U.S. Small Business Administration

While small firms with 20-499 employees provided three-quarters of the net employment growth since the end of the downturn, more recently, even the very small firms (fewer than 20 employees) and large firms (500 or more employees) showed solid net increases (Chart 4). Increases were driven by existing firms, as birth and death employment essentially netted each other out leaving little to no impact on the overall employment level. The decline in employment from births over the last decade has been accompanied by a corresponding decline in employment from deaths.

The number of births has risen since the end of the downturn and deaths have declined; when combined they are referred to as business churn. Business churn is needed to keep the economy from stagnating, and churn has been declining. However, the lower churn rate seems to follow the overall decline in the economy by about 18 months.

Overall, the small business trends are positive with the employment increases mentioned above, proprietors’ income up, and business bankruptcies trending down over the last few years.

Veteran-owned Businesses and their Owners—Data from the Census Bureau’s Survey of Business Owners

March 31, 2012 Comments off
Source:  U.S. Small Business Administration
Veteran-owned businesses in general. Census estimated that in 2007:
• There were 2.45 million businesses with majority ownership by veterans.
• 491,000 of these firms were employers, and 1.956 million were non-employers.
• These veteran-owned firms had sales/receipts of $1.220 trillion, 5.793 million employees, and an annual payroll of $210 billion.
• Veteran-owned firms represented 9.0 percent of all U.S. firms.
• 12.2 percent of all owners of SBO-respondent firms were veterans.
• 8.3 percent of all respondent veteran owners had service-connected disabilities.
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