Press Release

Small Biz Earns Federal Work, Or Not

News Small Biz Earns Federal Work, Or Not By StaffBusiness Examiner August 21, 2009Small businesses won a record $93.3 billion in federal prime contracts in the fiscal year ended Sept. 30, 2008, an increase of almost $10 billion from 2007, according to the U.S. Small...

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US Misses Target for Small-Business Contracts

News US Misses Target for Small-Business Contracts By Victoria E. KnightThe Wall Street Journal August 21, 2009The federal government has fallen further short of its goal of awarding nearly a quarter of its contracts to small businesses, according to data released...

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The annual SBA scorecard controversy

News The annual SBA scorecard controversy By Elizabeth NewellGovernmentExecutive.com August 21, 2009 Press releases on the small business numbers released today are trickling in.The American Small Business League, which has vehemently criticized the SBA's data for...

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Is Obama Reading this Blog?

News Is Obama Reading this Blog? By Tim Devaney and Tom SteinAllBusiness.com August 20, 2009We’ve often said in this blog that more federal small-business contracts should go to actual small businesses. That’s the law. Of course, the U.S. government (and every other...

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More Stimulus Contracts to Go to Small Businesses

News More Stimulus Contracts to Go to Small Businesses By WebCPA StaffWebCPA August 19, 2009The Small Business Administration and the Commerce Department plan to offer more federal contracts to small businesses, but a small business advocacy group is skeptical.Federal...

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Small-Business Stimulus Loans Off to Slow Start

News Small-Business Stimulus Loans Off to Slow StartBanks have created high hurdles for applicants and rejected many, like Mark Rusin, owner of the Loop in Arizona. By ROBB MANDELBAUMNew York Times August 12, 2009Small-business owners hoping for some assistance of the...

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Agencies still miss small-business goals

News Agencies still miss small-business goals By Elise CastelliFederal Times August 9, 2009 Agencies are slipping further and further from meeting governmentwide small-business contracting goals.Congress requires agencies to spend 23 percent of their combined...

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An unusual battle: big business vs. small business

News An unusual battle: big business vs. small business By Nick BrokawCapitol Weekly July 22, 2009In a clash of business interests, the California Chamber of Commerce finds itself in an odd position: It doesn’t support federal legislation that would generate billions...

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CIT failure could unleash slew of bankruptcies

News CIT failure could unleash slew of bankruptcies By Andrew S. RossSan Francisco Chronicle July 17, 2009Move along. Nothing to see here. That appears to be the view of the Obama administration as it allows CIT Group Inc. to desperately look for other financing, or...

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For small businesses, CIT is already failing

News For small businesses, CIT is already failingCIT has historically been a key financier for small companies, but since last year, its lending volume has slowed to a trickle. By Emily MaltbyCNNMoney.com July 16, 2009NEW YORK (CNNMoney.com) -- The small business...

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CIT Bankruptcy Will Prolong, Deepen the Recession

News CIT Bankruptcy Will Prolong, Deepen the Recession By Keith GirardAllBusiness.com July 16, 2009The collapse of small business lender CIT Group seems all but inevitable, after the company said on July 15 that “there is no appreciable likelihood” that it will get...

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CIT Reportedly Close to Getting Federal Aid

News CIT Reportedly Close to Getting Federal Aid By Michael CohnWebCPA July 15, 2009CIT Group is moving nearer a deal to get help from the Treasury and the FDIC as the firm struggles with a cash crunch that threatens to choke off credit to small businesses.The company...

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When the Going Gets Tough...Start a Business

News When the Going Gets Tough...Start a Business By Tim Devaney and Tom SteinAllBusiness.com June 25, 2009 A new study by the Ewing Marion Kauffman Foundation suggests that the best of times really are the worst of times. Or vice versa. Titled "The Economic Future...

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SBA Chief's Priority Is Helping Next Apple

News SBA Chief's Priority Is Helping Next AppleWe sit down with Karen G. Mills to talk about her strategies—and the controversy they've been generating. By Jonathan N. CrawfordKiplinger June 18, 2009President Obama’s new Small Business Administration chief is mapping...

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Should VCs Be Regulated by the Feds?

News Should VCs Be Regulated by the Feds? By By Stefan DeeranBNET June 18, 2009 Venture capitalists are not happy with Barack Obama’s new plans to regulate America’s financial system. One line in the President’s proposal has kicked the VC community’s lobbying efforts...

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House Ready to Steam Roll Venture Capital Bill

News House Ready to Steam Roll Venture Capital Bill By Keith GirardAllBusiness.com June 11, 2009It’s baaack! Rep. Sam Graves, R-Mo., introduced a bill this week in Congress that would make significant changes to two of the government’s most successful small business...

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Small businesses to benefit from new legislation

News Small businesses to benefit from new legislation By StaffCapital Solutions Bancorp June 3, 2009Not only have many small businesses watched their profits decline over the last year as consumers keep cash tucked firmly in their wallets, but many have also had...

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Act seeks to end diversion of small business contracts

News Act seeks to end diversion of small business contracts By StaffFresno Business Journal May 26, 2009On May 22, Rep. Hank Johnson, D-Ga., introduced a bill that would make sure federal small business contracts are awarded to independently owned companies instead of...

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Congress gets contracting 'transparency' bill

News Congress gets contracting 'transparency' bill By StaffCentral Valley Business Times May 23, 2009The issue of whether the federal government ignores the law by giving government deals to major corporations that were meant for small businesses could be put to rest...

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Congress gets contracting 'transparency' bill

News Congress gets contracting 'transparency' bill By Staff Central Valley Business Times May 23, 2009 The issue of whether the federal government ignores the law by giving government deals to major corporations that were meant for small businesses could be put to...

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