Recently in the SBA Category

Karen Mills, Administrator for the Small Business Administration (SBA) testified in front of members of the House Committee on Small Business last week. In response to a question regarding the poposed women's procurement program, she stated that the program will start before the end of 2010. 

Legislation affecting the Small Business Administration's (SBA) small business programs is pending in the House and Senate, and WIPP needs your help getting these bills passed! One bill addresses the issue of parity among the small business programs. The other bill makes significant changes to the proposed Women's Procurement Program.

The Small Business Administration (SBA) is inviting submissions from the public on how to become more transparent, participatory, and collaborative.

Deadline to submit comments is now through March 19, 2010.

The public's feedback and ideas are key in assisting SBA's plan.

Click here to submit your comments.

Any questions can be directed to opengov@sba.gov.

Click here to read the complete news story on WIPP's website.

2010 National Business Week is May 23-25 in Washington, DC.

I just read a new analysis of job gains and losses from the SBA Office of Advocacy that indicates small businesses created some 65 percent of the net new jobs in the private sector over a recent 15-year period. Although many of the new jobs are in new business startups, even more are in expanding firms - most especially mid-sized firms with 20-499 employees.

New startups and continuous high-growth firms were found to play an essential role in the labor market - allowing for an environment to create a large share of jobs.

Click here to read the complete article. Click here to visit WIPP's Economy policy page and learn more about our recent activities.

For more information and a complete copy of the report, visit the Office of Advocacy website at www.sba.gov/advo.

The SBA Office of Advocacy recently released an article revealing that small business ownership helps to increase a household's overall well-being. A report released on January 28, 2010 finds that households owning small firms during 1998-2007 were more likely to be in the top 50% in income and wealth.

To view the full article, please visit - http://sba.gov/advo/research/rs357tot.pdf by George W. Haynes.

Finding highlights included:

* Households owning any business were significantly more likely to be high income earners in 2007 than in 1998; the largest percentage gain was among owners with more than one business

* In the latter part of the period - between 2004 and 2007 - the likelihood that households owning a small business had a high income increased by 4.2 percent and the likelihood that they had a high level of wealth increased by more than 20 percent, compared with increases of 2.1 and 5.2 percent, respectively, in households not owning businesses.

* The characteristics of households and businesses were somewhat different in 1998 than in 2007. By 2007, high income households were headed by younger people, while higher wealth households were headed by older people.

* From 1998 to 2007, households not owning a business increased read mean wealth by just under 40 percent; the comparable increase for those owning a small business was 63.4 percent.

- Office of SBA

For a comlete copy fo the study, visit the Office of Advocacy website at www.sba.gov/advo.