Archive: October 19, 2008 - October 25, 2008

Calendar of Events

OCTOBER 23 District of Columbia's Small and Local Business Development Office is hosting a small business legal clinic from 5 p.m. to 7:30 p.m. at the Martin Luther King Jr. Memorial Library, 901 G St., NW, Basement Floor, Room A-1. Existing or aspiring small business owners can meet one-on-one with...

By Sharon McLoone | October 23, 2008; 10:32 AM ET | Comments (0)

IRS Appoints New Small Business Commissioner

The IRS announced that it has appointed Christopher Wagner as the commissioner of the agency's Small Business and Self-Employed Division (SB/SE) and Faris Fink as deputy commissioner. Wagner was previously the deputy commissioner of SB/SE, which has about 28,000 employees, is one of the four operating divisions of the IRS...

By Sharon McLoone | October 22, 2008; 3:45 PM ET | Comments (0)

SBA Finds Small Firms Win More Contracts, but Problems Linger

Small businesses won a record $83.2 billion in federal prime contracts in fiscal 2007, but only three of 24 agencies met all of their small business goals as ranked by the Small Business Administration's second annual contracting scorecard, the agency's chief announced today. The federal government database shows that federal...

By Sharon McLoone | October 22, 2008; 1:30 PM ET | Comments (1)

Agencies Made $5B in Small Business Contracting Mistakes

U.S. government agencies made at least $5 billion in mistakes in their recent reports of contracts awarded to small businesses, with many claiming credit for awards to companies that long ago outgrew the designation or never qualified in the first place, according to a new Washington Post analysis. Staff Writer...

By Sharon McLoone | October 22, 2008; 10:31 AM ET | Comments (1)

New Program Educates Women on Contracting Opportunities

The U.S. government is the world's largest purchaser of goods and services so it's no wonder that many small businesses aim to fatten their bottom lines by landing a lucrative federal contract. At least 23 percent of federal agencies' spending must go to small firms. Women-owned businesses have landed a...

By Sharon McLoone | October 21, 2008; 10:26 AM ET | Comments (0)

SBA Urges Banks to Offer Greater Loan Flexibility to Small Firms

The Small Business Administration today urged banks to offer more flexibility to small firms interested in a special long-term loan program as entrepreneurs and established small business owners find it difficult to succeed as sources of credit like home equity loans diminish. As traditional bank lending tightens in the nation's...

By Sharon McLoone | October 20, 2008; 1:01 PM ET | Comments (0)

Study Outlines Top Five Issues for Small Firms

The top five most pressing issues facing small business owners and entrepreneurs this year are strengthening the economy, taxes and regulation, health insurance, a quality workforce and global competition, according to a government economist. Chad Moutray, the chief economist at the Small Business Administration's Office of Advocacy, also suggests in...

By Sharon McLoone | October 20, 2008; 11:57 AM ET | Comments (1)

 

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