ITT Exelis Information Systems is the U.S. Small Business Administration’s pick for best prime contractor. The company’s main headquarters are in Herndon, Va., and its mission systems division is headquartered in Colorado Springs. ITT Exelis Information Systems was selected by SBA as the national winner of the 2012 Dwight D. Eisenhower Award for Excellence, Research [...] [...]
Small businesses will soon have a new weapon in their arsenal – a free, online training curriculum for new and aspiring business owners. Sponsored by the Federal Deposit Insurance Corp. and the U.S. Small Business Administration, the program is known as “Money Smart for Small Business.” The training curriculum provides an introduction to day-to-day business [...] [...]
A new public-private partnership will allow small businesses access to more than $300 billion in supply chain spending. The partnership involves 15 of the United State’s largest corporations and the U.S. Small Business Administration, according to a press release about the new collaboration. Called the Supplier Connection, the effort was created by the IBM Foundation [...] [...]
Seven Colorado banks and credit unions have signed up to participate in the Small Business Administration’s Export Express loan guaranty program. It means more access to capital for small businesses interested in beginning or expanding their export services. Seven private lenders, covering most counties in Colorado, have signed agreements to participate in the program. SBA [...] [...]
Black Friday kicked off the season of the part-time worker. The National Retail Federation predicts that nationwide retailers will hire about 500,000 seasonal employees this holiday season. Dan Hannaher, Small Business Administration regional administrator whose region includes Colorado, said, “hiring extra help for the hoped-for push should be thought out more than ever.” He offers [...] [...]
Colorado small businesses were loaned more money in 2011 through the U.S. Small Business Administration loan program than in years past. The state had record breaking numbers SBA backed loans in 2011, which follows a national trend of increasing SBA-backed lending. “Due to the Small Business Jobs Act and a return to pre-recession lending levels, [...] [...]
The U.S. Small Business Administration wants to adjust the size definition of small businesses in the transportation and warehousing sector. The SBA says raising the revenue limits to qualify as a small business reflects changes in the marketplace in the transportation and warehousing sector. The suggested change will affect 22 industries in that economic sector. [...] [...]
The U.S. Small Business Administration has launched a temporary program aimed at helping small business owners with commercial mortgages. Small business owners who have balloon payments for commercial mortgages before Dec. 31, 2012, may be able to refinance their mortgage debt with a 504 loan. Structured like the SBA’s traditional 504, the loan requires borrowers to [...] [...]
Colorado Engineering Inc., a high-tech defense contractor based in Colorado Springs and led by CEO Nancy Scally, has won a prestigious award from the U.S. Small Business Administration as a leader in innovation and job creation. The company is one of 44 small businesses nationwide honored with a Tibbetts award for outstanding participation in the [...] [...]
The Small Business Administration has launched a technology tool for small businesses. The tool, Business Technology Simplified, could help small business owners grow and create jobs, by showing them how to connect entrepreneurship with technology. The SBA and Microsoft collaborated to develop the free guidebook, which includes fundamentals on the importance of technology and how it can be used to [...] [...]
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