Economics News on Business Daily

Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, along with Federal Trade Commission Chair Lina Khan, will participate in a fireside chat on Thursday, Sept. 12 at 1:30 ET. The discussion will focus on Administration initiatives aimed at promoting small business competitiveness through regulatory change and enforcement.

On August 26 and 27, Deputy Administrator Dilawar Syed of the U.S. Small Business Administration (SBA) visited Alaska to engage with businesses benefiting from the Biden-Harris Administration’s Investing In America agenda, including entrepreneurs from underserved communities.

Amazon has spotlighted an Illinois-based food company in its Selling Partners channel. The feature story highlighted Nigerian-influenced Iya Foods and the success it has achieved selling its products on the Amazon site.

Over 850 small business owners and aspiring entrepreneurs gathered in June for the OH-11 Small Business Expo. An Amazon representative attended to provide attendees with insights on selling their products on the Amazon platform.

The U.S. Small Business Administration (SBA) has announced that the upcoming quarterly public meetings for the Interagency Task Force (IATF) on Veterans Small Business Development and the Advisory Committee on Veterans Business Affairs (ACVBA) will be held on Sept. 10 and 12, respectively.

A report from Insurify released on August 11 projected that car insurance rates in Nevada will increase by a total of 20% in 2024, resulting in Nevada drivers paying an average of $3,531 for full coverage car insurance by the end of the year.

New outdoor luxury brand LETO will mark the end of the summer vacation season with an exclusive 30% off sale on its website through Labor Day.

On August 27, 2024, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, announced more than $1 million in grant awards to three organizations in Ohio, Pennsylvania, and Puerto Rico. These grants aim to establish new Veterans Business Outreach Centers (VBOCs) to enhance training and counseling services for veteran and military spouse small business owners. The new centers will commence their project periods on September 1.

DES MOINES, Iowa – On Friday, August 23, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, traveled to Iowa to meet with disaster survivors and assess SBA recovery efforts following devastating tornadoes and severe weather earlier this year.

NEW DELHI – During the week of August 12, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet representing over 34 million small businesses in America, visited New Delhi and Hyderabad, India. The purpose of her visit was to meet with national leaders and local entrepreneurs to enhance the U.S.-India partnership and explore increased trade opportunities for small businesses in both countries.

The U.S. Small Business Administration (SBA) announced it will host its third annual Small Business Cyber Summit on October 16 and 23. This free cybersecurity series aligns with the Biden-Harris Administration’s National Cybersecurity Strategy, aiming to provide America's 34 million small businesses with essential tools and resources to enhance their cybersecurity infrastructure. The summit, in collaboration with multiple federal agencies, will feature hands-on advice, interactive forensic assessments, and panels discussing available local and federal resources.

SALEM, Ore. - On Tuesday, August 27, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, will travel to Oregon as part of the Investing in America Tour.

DES MOINES - On Friday, August 23, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, will travel to Iowa to meet with disaster survivors and local leaders following devastating tornadoes earlier this year and assess SBA recovery efforts on the ground.

Amazon announced that the Progressive Policy Institute ranked the company as the leading Investment Hero. The ranking was awarded to Amazon due to its record on investing more in the United States—including Kentucky—than any other American company.

Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, has opened nominations for the 2025 National Small Business Week (NSBW) Awards. For over 60 years, the SBA has supported small businesses in America, and the annual NSBW awards recognize exemplary achievements, contributions, and resilience of SBA-assisted individuals and businesses that drive the American economy.

The coffee company announced that Brian Niccol will assume the roles of chairman and CEO at Starbucks beginning September 9. In the interim, Rachel Ruggeri will step in as acting CEO. Starbucks also plans to have Mellody Hobson shift from her role as board chair to the lead independent director.

A report from Amazon announced that over 15,000 independent sellers across Illinois made an average of $250,000 worth of sales annually.

NEW DELHI – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced a new memorandum of understanding (MOU) between the SBA and the Republic of India’s Ministry of Micro, Small and Medium Enterprises (MSMEs) to strengthen the two countries’ joint work to promote MSME participation in the global marketplace. The agreement, signed by Administrator Guzman and the Indian Ministry for MSMEs in New Delhi on August 13, is the SBA’s first...

On August 14, 2024, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, announced that the Biden-Harris Administration has significantly increased SBA lending to Black-owned businesses while also doubling small-dollar lending and lending to Latino- and women-owned small businesses. This announcement coincides with a record 19 million new business applications filed under the current administration.

A report from Amazon announced that over 11,000 independent sellers across Ohio made an average of $230,000 worth of sales annually.