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 It’s just a start, but Congress appears ready to help small businesses gain access to more capital. Last week the U.S. House of Representatives approved the Small Business Financing Investment Act (H.R. 3854), clearing the way for more small business financial resources. Congressional supporters said most Small Business Administration programs hadn’t been updated for 10… Continue Reading Congressional support for small biz capital

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Small business growth, struggles documented

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The small business sector chugged its way through a difficult recessionary cycle – at least based on a September 2009 SBA Office of Advocacy report. During 2008, there were 29.6 million businesses in the United States, according to Office of Advocacy estimates. U.S. Census Bureau data showed that there were 6 million firms with employees through… Continue Reading Small business growth, struggles documented

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City Bits

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EDC leadership awards The Colorado Springs Regional Economic Development Corp. presented its 2008 Economic Development Leadership Awards last week. David Jenkins, chief executive officer of Nor’wood Development Group, received a Community Enhancement Award for development of quality projects and exceptional corporate philanthropy. Economic Impact Awards for the largest positive annual impact on the funding for… Continue Reading City Bits

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The Small Business Administration will host an online chat at 11 a.m. tomorrow about how small companies can cash in on the economic stimulus legislation. SBA Associate Administrator Eric Zarnikow will host the chat. Participants can go to www.sba.gov and click on the Online Business Chat icon. Questoins can be submitted there. As a result… Continue Reading SBA stimulus chat tomorrow

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