Archive for May, 2010

Small businesses turning to angel investors

Friday, May 28th, 2010

Recent research by the Center for Venture Research shows that angel investors are helping more entrepreneurs than ever get the early-stage funding they need to start a corporation. The study found that even during the recession, angel investors funded more than 57,000 small business projects last year – a 3.1 percent increase over 2008. Thirty-five [...]

Ohio bank partnership gives out 2,000 loans, more to come

Friday, May 28th, 2010

The Ohio Huntington Business Loan program – a joint collaboration between the State of Ohio and Huntington Bank – has given out loans worth $465 million dollars in the first year of a three-year, $1 billion program. Officials say the partnership has worked to give loans to more than 2,000 small- and medium-sized companies. The [...]

First investors may be close to home

Friday, May 28th, 2010

Entrepreneurs looking for investment funds often look to venture capitalists or angel investors, but the Wall Street Journal says that a small business owner’s first investors may be family or friends. The newspaper says that entrepreneurs often turn to their parents or a former boss for help when they are forming a company. Friends and [...]

Understanding microfinance loans

Friday, May 28th, 2010

While many entrepreneurs turn to traditional bank loans when they work to start a corporation, Business Insider says microfinancing can help many business owners get the money they need. The site says that lenders – called community development financial institutions – will provide loans of up to $35,000 to people unable to get credit, and [...]

Avoid the big mistakes some business owners make

Friday, May 28th, 2010

While most small businesses are founded on good ideas, VentureBeat columnist and business lawyer Scott Walker says there a number of legal mistakes entrepreneurs can make that will hurt their future SMBs. Walker says one of the biggest mistakes entrepreneurs can make while forming a company is choosing the wrong business entity. He says that [...]

Crowd funding offers another option for small businesses

Friday, May 28th, 2010

Many entrepreneurs are now turning to crowd funding as a way to help grow their small business, according to Triplepundit.com’s Dale Wannen. He says that crowd funding, or crowd financing, uses the internet to help find funding. An entrepreneur looking to start a corporation is able to seek multiple smaller pledges of money instead of [...]

Starting a home-based business

Friday, May 28th, 2010

For some people, setting up a home-based business can seem like a welcome respite from the traditional office. But Entrepreneur.com reminds entrepreneurs that forming a company isn’t always easy and lists some ways to make the system work. The site says that one of the keys to a productive home business owner is their ability [...]

San Francisco company builds small business incubator for social startups

Friday, May 28th, 2010

San Francisco-based broadband company Inveno has turned extra building space into a business incubator for social businesses, called Mission Social. For very low rental fees, the company provides a shared office space – with video conference rooms, internet access and other amenities – for socially-oriented companies. The low overhead provides assistance to entrepreneurs who are [...]

Small business hiring grows in May

Thursday, May 27th, 2010

Small businesses employment rose once again in May, growing 0.1 percent according to Intuit’s latest Small Business Employment Index. The 0.1 percent increase means that small businesses added approximately 25,000 new jobs this month, and they have now added 240,000 new jobs since October 2009. "While signs of a recovery have slowed slightly this month, [...]

Idaho creates business incubator for alternative energy

Thursday, May 27th, 2010

Boise State University and the City of Boise have announced a plan for a new small business incubator run by the Idaho Small Business Development Center. The incubator will give small enterprises, generally with four or fewer employees, assistance in the early stages of forming a company. The startups will have access to attorneys and [...]

Venture capitalists seeing renewed success in 2010

Thursday, May 27th, 2010

Venture capitalists are enjoying a strong resurgence for in 2010 and are making a record number of deals, according to Inc.com. The site says that nine VC-backed companies went public in the first quarter of this year, raising more than $900 million. This is more than twice the money raised in the last quarter of [...]

More older Americans are starting their own business

Wednesday, May 26th, 2010

USA Today says that millions of older Americans are now becoming more interested in forming a company of their own instead of working for someone else. The paper cited a recent report by the Ewing Marion Kauffman Foundation, which found that people between the ages of 55 and 64 were the responsible for the second [...]

Minnesota passes angel investment tax credit

Wednesday, May 26th, 2010

Small business owners say Minnesota’s recent $60 million angel investor tax credit bill will help improve the business climate in the state and encourage the growth of startups. The credit offers a 25 percent tax credit for investments in high-technology small businesses in the state, and it will provide a refund if the credit is [...]

Most small businesses comfortable with their access to credit

Wednesday, May 26th, 2010

A majority of small business owners – 70 percent – feel that they are able to access the credit or financing they need to grow their businesses or start a corporation, according to a new survey from Capital One. More than two-thirds of business owners said that they were looking to grow by increasing sales [...]

Small businesses feel economy is improving

Wednesday, May 26th, 2010

A new survey from Capital One says that nearly 80 percent of small business owners feel that the economy is either improving or holding steady, and entrepreneurs looking to start a corporation are encouraged by current conditions. "While financial conditions are not back to where they were pre-recession, our survey results show that there is [...]

Obama urges Congress to pass small business package

Tuesday, May 25th, 2010

President Barack Obama is renewing his call to Congress to approve a package of tax incentives and loan programs that are intended to create jobs and help business owners interested in forming a company. Speaking on Tuesday afternoon at a White House event honoring several successful entrepreneurs, the president asked lawmakers to act "as soon [...]

Best startup industries in 2010

Tuesday, May 25th, 2010

Inc.com says that as the nation recovers from the recession, there are a number of promising industries for entrepreneurs interested in forming a company. The website says that stores selling crafts, hobby supplies and toys have been growing at an annual rate of 9 percent – significantly higher than the retail industry as a whole, [...]

New businesses forming at fastest rate in 14 years

Monday, May 24th, 2010

A study by the Kauffman Foundation shows that despite the deep recession, business startups in 2009 reached their highest level in 14 years. The Kauffman Index of Entrepreneurial Activity says that last year, entrepreneurs started 550,000 new businesses each month in the U.S., representing a 4 percent increase over 2008. Last year also marked the [...]

North Carolina lawmakers push for small business tax cuts

Monday, May 24th, 2010

Lawmakers in North Carolina are hoping to create jobs with a proposed bill that offers tax breaks and other incentives to small businesses and investors. The $80 million package would give businesses with 25 or fewer employees a $1,000 tax credit for every job created and maintained for three years. Businesses would also be eligible [...]

Connecticut jobs bill gives tax credit to angel investors

Friday, May 21st, 2010

A wide-reaching jobs bill recently passed in Connecticut will give a significant tax credit to angel investors and establish a $15 million loan pool for small businesses in the state. Qualifying angel investors will receive a personal income tax credit up to $250,000 for backing an entrepreneur working to start a corporation in bioscience, information [...]