Tim Penny: Initiative Foundation supports business growth here – Post Bulletin

At Southern Minnesota Initiative Foundation (SMIF), one of the three program areas we focus on is Economic Development. Since our founding in 1986, we have worked to catalyze entrepreneurial activity in our 20-county region by providing early-stage investments, traditional loans, microloans, technical assistance and mentoring of entrepreneurs. Each year SMIF invests around $ 2.1 million … Read more

Forgiving student loans must be targeted and limited to protect taxpayers

The idea of ​​forgiving student loans heated up during the 2020 presidential campaign, when Bernie Sanders and Elizabeth Warren proposed dueling plans. Now, President Joe Biden is signaling readiness to respond with significant forgiveness to all but the wealthiest debtors. The cumulative debt is huge with $ 1.7 trillion owed, up from $ 250 billion … Read more

Small Business Development Center Recognizes Geise | News, Sports, Jobs

From left, Courtney Curatolo, Small Business Development Center at Jamestown Community College director, Mark Geise, Chautauqua County Industrial Development Agency CEO, and county executive PJ Wendel at the Ashville General Store Monday. Geise was awarded the SBDC’s US Small Business Administration Phoenix Award for Outstanding Contributions to Disaster Recovery. Submitted photo … Read more

Small Manufacturers Win Apprenticeship Tax Credit Access |

Manufacturing was front and center on the legislative agenda during the 2022 session, with lawmakers debating bills ranging from tax credits to workforce development. The legislature passed, as a provision in the budget revisions billthe expansion of the manufacturing apprenticeship tax credit to pass-through entities. The CBIA advocated extensively for this policy, with 28 co-sponsors … Read more

What the future of SBA small-business funding looks like in the San Francisco Bay Area

That made financing for growth and expansion more economically feasible than during and immediately after 2020. We believe this can be attributed to adequate pandemic assistance coupled with solid 2021 results for many industries here in the North Bay. George Mavridis: From where I sit, there has not been much of a change or shift. … Read more

Van Hollen, Cardin Urge SBA to Process Pending EIDL Applications Using Available Funds

May 06, 2022 Today, US Senate Appropriations Subcommittee on Financial Services and General Government Chair Chris Van Hollen and US Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (both D-Md.) Sent a letter to US Small Business Administration (SBA) Administrator Isabella Casillas Guzman urging the agency to process pending COVID Economic Injury Disaster … Read more

NJEDA Has Provided Nearly $ 5.5M in Grants to Over 230 Small Businesses Through Main Street Recovery Program Since October

NJEDA to Launch Additional Financing Tool for Micro Businesses Next Month Montclair, NJ. – In celebration of National Small Business Week, the New Jersey Economic Development Authority (NJEDA) today announced plans to open applications for its Micro Business Loan next month, which will make additional funding resources available through the Authority’s Main Street Recovery Program. … Read more

Navy Veteran, a Barrio Logan Manufacturer, Named Small Business Person of the Year

Hernán Luis y Prado. Photo credit: vetpowered.com A Navy combat veteran who owns a Barrio Logan manufacturing firm has been named the state’s Small Business Person of the Year. Hernán Luis y Prado, founder and CEO of VetPoweredreceived the honor for the Small Business Administration’s California sector. A service-disabled veteran, Prado and his wife Rachel … Read more