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Nationwide, domestic manufacturing is growing at the fastest pace in seven years, and that could translate into jobs in Colorado Springs — especially at small businesses. The Institute for Supply Management reported that its index of manufacturing activity is at its highest level since 2004 — a big improvement from December 2008, when the index… Continue Reading After U.S. manufacturing spike, Springs seeks rebound

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Small business caught in tax battle

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Newly empowered Republicans say President Barack Obama would subject as much as half the nation’s small-business income to job-withering tax increases. Obama and his Democratic allies argue that allowing taxes to rise on the wealthiest Americans would affect only a handful of small business owners. Both can’t be right. And both are playing number games… Continue Reading Small business caught in tax battle

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New lending standards don’t lure small firms

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Banks loosened lending standards for small businesses over the past three months but demand for loans remained weak, the Federal Reserve said Monday. It marks the second time in nearly four years that banks have made loans easier for small businesses to obtain, according to the Fed’s new quarterly survey. The first breakthrough came in… Continue Reading New lending standards don’t lure small firms

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Colorado lags western region in hiring

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The small business year-to-date hiring index in Colorado declined 2 percent, while salary-per-check levels declined 0.3 percent, according to SurePayroll’s October 2010 Small Business Scorecard In the western region of the United States, hiring increased 4.2 percent, and salary per check increased 1.7 percent. Nationwide, small business hiring was flat in October, after four consecutive months… Continue Reading Colorado lags western region in hiring

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Finding profit in pest control

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Tiny, reddish brown bed bugs that feed on human blood are back with a vengeance and for local pest control operators, it means big business. Bed bugs have been catching rides on human travelers from across the country in record numbers. The National Pest Management Association has seen a 71 percent increase in bed bug… Continue Reading Finding profit in pest control

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Small business engine showing growth

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Fears of a double dip recession appear to be subsiding, at least according to the Thomson Reuters/PayNet Small Business Lending Index. The monthly index, which measures the overall volume of financing to small businesses, rose 15 percent in August from the prior year. That’s the fastest gain since March 2006, marking the highest level of… Continue Reading Small business engine showing growth

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Obama signs $30B small business lending bill

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Scoring a prized political victory five weeks before the Nov. 2 elections, President Barack Obama on Monday signed a bill to help small businesses expand and hire by cutting their taxes and creating a $30 billion loan fund. Obama said the incentives will help small businesses right away. But any hiring may not be enough… Continue Reading Obama signs $30B small business lending bill

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By Greg Lopez Small Business Administration Colorado Director Cash flow is the lifeblood of all small businesses. Cash flow allows a business to make payroll, pay suppliers, and keep its doors open. We have been told that there is a credit crunch and that small business lenders are no longer extending lines of credit to… Continue Reading Five critical steps to securing capital for small business

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Small-business owners who lament they cannot access enough capital to buy inventory or expand their businesses now have an economic report to confirm their complaints. The National Small Business Association 2010 Mid-Year Economic Report shows that the lack of small-business access to capital is getting worse, not better. Nearly one-third of small-business owners surveyed said… Continue Reading Lack of capital top issue for small-business owners

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Westone’s expansion, and growth, into the music products business has been unexpected. Continue Reading Hearing-aid maker making it big in music industry

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