Economics News on Business Daily

On August 12, 2024, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced the signing of a memorandum of understanding (MOU) between the SBA’s Office of Veterans Business Development (OVBD) and the U.S. Department of Veterans Affairs (VA) Veterans Benefits Administration (VBA). This partnership aims to enhance access to self-employment assistance and SBA training for active-duty service members and service-disabled veterans participating in the Veteran Readiness & Employment Program (VR&E), also known as Chapter 31. The MOU will...

On Thursday, August 8, 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 Irvine, California. She delivered remarks at the final White House Initiative on Asian Americans, Native Hawaiians, and Pacific Islanders (WHIAANHPI) Economic Summit alongside U.S. Trade Representative Katherine Tai.

Amazon has announced a study comparing counties with its investments to similar counties without such investments. The research used various analytical methods, including panel regressions and synthetic control, to assess the impact of Amazon facilities on standard economic outcomes like the employment-to-population ratio and median household income.

Amazon has announced the release of its 2024 Economic Impact Report, which provides data on the company's investments and their effects on the economy and job growth. Amazon was ranked No.1 Investment Hero by the Progressive Policy Institute for its leading U.S. investments.

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 33 million small businesses, announced that SBA 7(a) lenders may now accept applications for the SBA’s newly-announced 7(a) Working Capital Pilot (WCP) Program.

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced today the allocation of $7 million in PRIME grants to 28 awardees for 2024. The Program for Investment in Microentrepreneurs (PRIME) aims to support low-income microentrepreneurs through these grants.

LITTLE ROCK, Ark. – On Thursday, Aug. 1, 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 33 million small businesses, traveled to Little Rock to kick off Black Business Month.

Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, announced today the launch of the Cyber Prize Competition. The initiative will award $350,000 to an organization tasked with developing and deploying a national Cyber Certification Program for SBA resource partners.

The U.S. Small Business Administration (SBA) announced the release of its new Business Resilience Guide, a comprehensive resource aimed at small business owners who may not be familiar with disaster preparation. The guide includes six sections to help plan and recover from disasters, featuring best practices and template forms designed to mitigate risks for America's entrepreneurs and assist them in rebuilding stronger.

HOUSTON – On Wednesday, July 31, 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 33 million small businesses, traveled to Houston to meet with disaster-impacted community members, visit a local small business, and participate in a fireside chat at Sigma Gamma Rho Sorority’s 60th International Biennial Boule.

Enclave, a suburban coworking space organization, announced the opening of a new location in downtown Skokie, Illinois in September.

Administrator Guzman Announces Transformation of Customer Experience for Federal Contracting Certifications

The U.S. Small Business Administration (SBA) announced lender fees for the fiscal year 2025 for its 7(a) and 504 loan programs. Administrator Isabel Casillas Guzman, head of the SBA and a member of President Biden’s Cabinet, stated that for the second consecutive year, the SBA will not charge upfront fees for loans of $1,000,000 or less under both programs.

BOSTON – On Monday, July 22, 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 33 million small businesses, traveled to Boston alongside U.S. Senator Ed Markey, member of the Senate Committee on Small Business and Entrepreneurship, to highlight the impact of Inflation Reduction Act investments in community energy projects and to introduce a new SBA initiative to attract additional private capital to support small business investments in the clean energy transition.

The Biden-Harris Administration has announced the launch of a new Green Lender Initiative aimed at enrolling additional climate lenders in the U.S. Small Business Administration’s (SBA) loan programs. The initiative, unveiled by SBA Administrator Isabel Casillas Guzman, seeks to leverage SBA loan guarantees to attract private capital for clean energy investments, aligning with President Biden's Inflation Reduction Act.

The U.S. Small Business Administration (SBA) has announced a new funding opportunity for Native American-owned small businesses under the pilot Native American Trade Expansion Program (NATEP). The program, introduced by Administrator Isabel Casillas Guzman, aims to provide up to $240,000 in grants to support the expansion of exporting opportunities for these businesses. Proposals must be submitted by July 31, no later than 11:59 p.m. EDT.

SAN JUAN – From Monday, July 15 through Tuesday, July 16, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet representing America's more than 33 million small businesses, visited Puerto Rico to participate in the Global Entrepreneurship Conference. During her visit, she engaged with local small businesses and discussed strategies for promoting entrepreneurship in Puerto Rico and across the Western Hemisphere.

The National Right to Work Legal Defense Foundation announced that the National Labor Relations Board (NLRB) in Philadelphia has scheduled a vote for July 17 to decide if employees at Philadelphia International Airport can remove Unite Here Local 274 union officials. This decision follows nearly five months of litigation initiated by employee Kale Mulugeta with assistance from the foundation's attorneys.

The U.S. Small Business Administration (SBA) has announced $3 million in new funding under the Cybersecurity for Small Businesses Pilot Program. The grants will be awarded to state agencies to provide training, counseling, and other tailored cybersecurity services for startups and emerging entrepreneurs.

The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations in Tennessee that August 2 is the filing deadline for federal working capital loans for losses due to severe storms, straight-line winds, and tornadoes that occurred on August 7, 2023.