Archive for June, 2010

Small business owners are the focus of Maryland rhetoric

Wednesday, June 9th, 2010

Creating small business growth and jobs continues to be the subject of debate for Maryland gubernatorial candidates, as former governor Robert Ehrlich has unveiled what he called "The Entrepreneur Agenda." Among the many parts of his plan was the creation of a "Small Business Bill of Rights," which would require regulators to be fair and [...]

Deadline for MassChallenge startup competition grows near

Monday, June 7th, 2010

The June 11 deadline for entrepreneurs to enter the MassChallenge startup competition is fast approaching, with at least a dozen cash awards of $50,000 or more at stake. The Challenge’s website says it is the world’s largest annual startup competition, which works to put entrepreneurs with high-growth ideas on the fast track to forming a [...]

Washington lawmakers continue push for small business loan fund

Sunday, June 6th, 2010

Washington Senators Maria Cantwell and Patty Murray have sent a letter to Senate Majority Leader Harry Reid, urging him to act on a proposed $30-billion small business loan fund suggested by President Barack Obama, the Columbian reports. According to the Columbian, Cantwell said that increased development and funding to help entrepreneurs start a corporation would [...]

Bank of America to spend $10 billion on small businesses

Friday, June 4th, 2010

Bank of America is pledging to purchase $10 billion in products and services from small, medium-sized and diverse businesses over the next five years to encourage job growth and new business incorporation. "What businesses of all sizes are telling us they need most right now is more business," said Brian Moynihan, Bank of America’s president [...]

New Oregon program offers loans and grants for entrepreneurs

Thursday, June 3rd, 2010

Oregon’s economic development department – Business Oregon – has launched the state’s new BOOST program to help entrepreneurs interested in forming a company get funding. The Building Opportunities for Oregon Small Business Today program will provide both loans and grants to small businesses to help create new, full-time jobs. To qualify for either program, small [...]

Increased small business lending crucial to startups

Thursday, June 3rd, 2010

Federal Reserve Chairman Ben Bernanke says that increased lending to qualified small business owners and entrepreneurs will be "vital" to help continue the economic recovery. Speaking in Detroit, Bernanke said that while lawmakers have stabilized the financial system, unemployment remains a major concern. He said that increased lending to small businesses and new business incorporations [...]

Maryland proposal encourages early-stage funding

Wednesday, June 2nd, 2010

A new proposal by Maryland Governor Martin O’Malley would raise investment capital for new business incorporations or small businesses in the state’s technology and life sciences industries. Under the plan – called InvestMaryland – insurance companies would purchase tax credits, which they could use in 2015 or beyond. The money would then be split between [...]

Small business lending rises

Tuesday, June 1st, 2010

Small business borrowing showed a 12 percent year over year increase in April, according to the Thomson Reuters/PayNet Small Business Lending Index. The index actually fell 0.6 percent compared with last month to finish at 78.4, but still showed steady improvement compared with numbers from the recession. Reuters says the index also found that fewer [...]