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February 2011 Archive
On Tuesday, I was in Cleveland with President Obama, a large contingent of his Cabinet, and about 150 small business owners. The President opened the day by telling the small business owners that the goal was “to hear from you, to gain your counsel, and to talk about how America can help you succeed so that you can keep helping America succeed.” In my breakout session on Entrepreneurship, we heard from 25 small business owners. The President stopped by and had the chance to talk with a barbecue restaurant owner, a portable...
by Karen Mills, SBA Administrator on 05/16/2011 - 17:29
Over the past two days, we celebrated the success of innovative small businesses that have grown, and we laid the groundwork for even more to follow in their footsteps. First, on Tuesday, I met with about 50 businesses that have collectively created tens of thousands of good jobs through the Small Business Innovation Research program. Each year, SBIR drives $2.5 billion in federal research and development dollars into the hands of small firms. The goal is to help entrepreneurs develop cutting-edge products and technologies that meet federal...
by Karen Mills, SBA Administrator on 05/16/2011 - 17:32
It’s great news that the U.S. Senate voted yesterday to remove a burdensome tax-related reporting requirement that could hit small businesses starting in 2012. Shortly after the Affordable Care Act passed, we heard from small business owners who said that one provision of the new law – the expanded 1099 reporting requirement – would create too much of a paperwork burden when it went into effect in 2012. The Administration immediately took steps to lower the future burden this might have, but as we continued to hear from...
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by Karen Mills, SBA Administrator on 05/16/2011 - 17:25