The Recovery Act & Doing Business in an Economic Downturn
Learn what the American Recovery and Reinvestment Act means for small businesses from this SBA site. Particularly useful is their Recovery Act Frequently Asked Questions for Small Business Owners (pdf).
For those in New York State, the State Senate has created a helpful report, "American Recovery and Reinvestment Act of 2009: The Federal Stimulus Impact on New York State."
NYS SBDC is placing extra emphasis on government contracting assistance, helping small businesses participate in the "shovel-ready" projects in the stimulus plan. More information about procurement assistance is available here.
For more information and resources:
General Information about the American Recovery and Reinvestment Act of 2009
American Recovery and Reinvestment Act of 2009 and New York State
American Recovery and Reinvestment Act of 2009 and Small Business
Do you want to know more about what you can do as a business owner during times of economic downturn?
The librarians of the NYS SBDC have put together a list of some helpful articles and resources here: Information you need...to find business solutions during an economic downturn
Get other great advice from NYS SBDC advisors in the following resources:
"Smart Moves in a Bad Economy" by C.J. Prince in the December 2008 issue of Entrepreneur quotes Ira Davidson, director of the Pace University Small Business Development Center.
"Marketing in a Troubled Economy" (video) Part 1 Part 2 Part 3, featuring Lucille Wesnofske and Ritu Wackett of the Farmingdale SBDC
"Expert Suggests Entrepreneurs Turn to Small Banks for Loans" (video) featuring Catalina Castaño of the Pace University SBDC
"The Credit Squeeze on Small Business" (video) featuring Tom Morley of the Westchester SBDC
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