The UC Merced SBDC Regional Network and the California Employment Development Department Present:
State Labor Law and Payroll Tax Seminar - Free
July 28, 2009
9:30am to 3:30pm
Recordkeeping, reporting and payment requirements, and employer obligations. Common wage and hour law application. Employer and employee rights and responsibilities. Basics of how to distinguish between employees and independent contractors.
Location:
550 East Shaw Avenue, Fresno, CA 93710
In the UC Center, Fresno Building
Please register for this workshop @ http://www.edd.ca.gov/payroll_tax_seminars/
For more information about this workshop, contact: (866) 873-6083
For more info on SBDC workshops, check out our list of events at: http://ucmsbdc.ecenterdirect.com/conferencelist.asp
Wednesday, July 1, 2009
SBDC Workshop in Clovis - Importing into the United States
Central California SBDC and the Center for International Trade Development Present:
Importing into the United States
August 18, 2009
1:00pm to 4:00pm
Are you familiar with the legal aspects of importing? Know when and how to use A custom house broker? Is U.S. Customs causing delays in your shipment? Can your product be imported quickly economically and legally? This workshop will help you learn the basic steps involved when importing products into the United States.
Location: 390 W. Fir Ave Bldg. B Ste 303, Clovis, CA 93611-0244
Cost: $40
Click here to sign-up for this workshop!
For more information about this workshop, contact: (559) 324-6401 or E-mail: info@exportcenter.net
For more info on SBDC workshops, check out our list of events at: http://ucmsbdc.ecenterdirect.com/conferencelist.asp
Importing into the United States
August 18, 2009
1:00pm to 4:00pm
Are you familiar with the legal aspects of importing? Know when and how to use A custom house broker? Is U.S. Customs causing delays in your shipment? Can your product be imported quickly economically and legally? This workshop will help you learn the basic steps involved when importing products into the United States.
Location: 390 W. Fir Ave Bldg. B Ste 303, Clovis, CA 93611-0244
Cost: $40
Click here to sign-up for this workshop!
For more information about this workshop, contact: (559) 324-6401 or E-mail: info@exportcenter.net
For more info on SBDC workshops, check out our list of events at: http://ucmsbdc.ecenterdirect.com/conferencelist.asp
SBA’s New Pilot Loan Program for Dealer Floor Plan Financing
Release Date: July 1, 2009
Contact: David J. Hall (202) 205-6697
Release Number: 09-46
Internet Address: http://www.sba.gov/news
SBA’s New Pilot Loan Program for Dealer Floor Plan Financing Begins Today
WASHINGTON – Beginning today, auto, RV and other dealerships can apply for SBA-guaranteed floor plan financing, which will make it easier for these small businesses to borrow against their inventory and increase their cash flow.
The new pilot program is one of the many tools SBA is making available to help increase access to capital and technical assistance to small business, and complements other steps already taken under the Recovery Act to help small businesses at this critical time.
"In recent months, we’ve seen a dramatic decrease in the availability of credit for financing dealership inventories," said SBA Administrator Karen G. Mills. "We want to be a partner for these small businesses and help ensure they have the resources they need to help keep their businesses open, save jobs and survive these tough economic times."
Floor plan financing is a revolving line of credit that allows a dealership to obtain financing through SBA’s 7(a) program for inventory that can be titled, such as autos, RVs, manufactured homes, boats and trailers. As each piece of collateral is sold by the dealer, the loan advance against that piece of collateral is repaid. As the loan is repaid, the dealer can borrow against the line of credit to add new inventory.
The DFP pilot program will run through Sept. 30, 2010, after which SBA will determine whether to extend it further. DFP loans can be made by any lender already participating in SBA loan programs. Lenders who are not already participating in SBA lending, can become an approved SBA lender if they are interested in offering DFP loans.
Since the DFP pilot program is a new initiative that provides a guarantee for a specialized product, the agency is working with and training lenders who may be interested in offering this type of financing. SBA expects there will be a ramp-up period for these lenders.
DFP loans will be available for a minimum of $500,000 up to the $2 million allowable under the 7(a) program. With a maximum repayment term of five years, the loans will come with a 60-75 percent government guarantee, depending on the type of collateral and the lenders advance rate against the wholesale price of the inventory. Borrowers will also benefit from the temporary elimination of fees on 7(a) loans made possible by the American Recovery and Reinvestment Act of 2009.
Borrowers interested in obtaining a DFP loan should contact their lender or their nearest SBA field office to get a list of SBA-approved lenders in their area who may be participating in the program. Local district offices and contact information can be obtained at the SBA Web site at http://www.sba.gov/localresources/index.html.
For more information about all of the SBA’s programs for small businesses, call
the SBA Answer Desk at 1-800 U ASK SBA or TDD 704-344-6640, or visit the
SBA’s Web site at http://www.sba.gov
Contact: David J. Hall (202) 205-6697
Release Number: 09-46
Internet Address: http://www.sba.gov/news
SBA’s New Pilot Loan Program for Dealer Floor Plan Financing Begins Today
WASHINGTON – Beginning today, auto, RV and other dealerships can apply for SBA-guaranteed floor plan financing, which will make it easier for these small businesses to borrow against their inventory and increase their cash flow.
The new pilot program is one of the many tools SBA is making available to help increase access to capital and technical assistance to small business, and complements other steps already taken under the Recovery Act to help small businesses at this critical time.
"In recent months, we’ve seen a dramatic decrease in the availability of credit for financing dealership inventories," said SBA Administrator Karen G. Mills. "We want to be a partner for these small businesses and help ensure they have the resources they need to help keep their businesses open, save jobs and survive these tough economic times."
Floor plan financing is a revolving line of credit that allows a dealership to obtain financing through SBA’s 7(a) program for inventory that can be titled, such as autos, RVs, manufactured homes, boats and trailers. As each piece of collateral is sold by the dealer, the loan advance against that piece of collateral is repaid. As the loan is repaid, the dealer can borrow against the line of credit to add new inventory.
The DFP pilot program will run through Sept. 30, 2010, after which SBA will determine whether to extend it further. DFP loans can be made by any lender already participating in SBA loan programs. Lenders who are not already participating in SBA lending, can become an approved SBA lender if they are interested in offering DFP loans.
Since the DFP pilot program is a new initiative that provides a guarantee for a specialized product, the agency is working with and training lenders who may be interested in offering this type of financing. SBA expects there will be a ramp-up period for these lenders.
DFP loans will be available for a minimum of $500,000 up to the $2 million allowable under the 7(a) program. With a maximum repayment term of five years, the loans will come with a 60-75 percent government guarantee, depending on the type of collateral and the lenders advance rate against the wholesale price of the inventory. Borrowers will also benefit from the temporary elimination of fees on 7(a) loans made possible by the American Recovery and Reinvestment Act of 2009.
Borrowers interested in obtaining a DFP loan should contact their lender or their nearest SBA field office to get a list of SBA-approved lenders in their area who may be participating in the program. Local district offices and contact information can be obtained at the SBA Web site at http://www.sba.gov/localresources/index.html.
For more information about all of the SBA’s programs for small businesses, call
the SBA Answer Desk at 1-800 U ASK SBA or TDD 704-344-6640, or visit the
SBA’s Web site at http://www.sba.gov
Small Business Advocate - July Issue Released
U.S. Small Business Administration
Office of Advocacy
--The Advocate--
Release Date: July 2009
Volume 28, number 6
Internet Address: http://www.sba.gov/advo/july_09.pdf
The Small Business Advocate is a periodic newsletter that details economic developments and regulatory trends related to small business as well as the latest initiatives of the Small Business Administration's Office of Advocacy.
IN THIS ISSUE
Message from the Acting Chief Counsel
When We All Work Together, Good Things Happen, 3
Regulatory News
Small Business Review Panel on Diacetyl Exposure, 4
Proposed Critical Habitat for the California Red-Legged Frog, 4
Advocacy Officials Get High Tech Education, 8
Legislative News
Consumer Product Safety Improvement Act Update, 5
Advocacy Blog Features Capitol Hill Updates, 2
Economic News
Small Businesses Most Likely to Lead Economic Recovery, 1
An Interview with Charles Ou, Senior Economist, 6
If you are having difficulty viewing this document, the following Adobe viewer for PDF files is available for download - http://www.adobe.com/downloads/.
Adobe also offers a handicapped accessibility site for the visually disabled at http://www.adobe.com/products/acrobat/access_onlinetools.html.
For more information about the Office of Advocacy, please visit our website at http://www.sba.gov/advo/ or telephone 202-205-6532.
Thank you for subscribing to our newsletter.
To sign up for Advocacy updates via RSS feed, visit http://feeds.feedburner.com/sba/rAIO
Visit Advocacy's Regulatory Alerts page to learn about and comment on proposed federal rules that may affect small business: http://www.sba.gov/advo/laws/law_regalerts.html.
In order to receive e-mail notices of Advocacy's news releases, monthly newsletter, small business research, statistics, and regulatory news visit http://web.sba.gov/list.
Office of Advocacy
--The Advocate--
Release Date: July 2009
Volume 28, number 6
Internet Address: http://www.sba.gov/advo/july_09.pdf
The Small Business Advocate is a periodic newsletter that details economic developments and regulatory trends related to small business as well as the latest initiatives of the Small Business Administration's Office of Advocacy.
IN THIS ISSUE
Message from the Acting Chief Counsel
When We All Work Together, Good Things Happen, 3
Regulatory News
Small Business Review Panel on Diacetyl Exposure, 4
Proposed Critical Habitat for the California Red-Legged Frog, 4
Advocacy Officials Get High Tech Education, 8
Legislative News
Consumer Product Safety Improvement Act Update, 5
Advocacy Blog Features Capitol Hill Updates, 2
Economic News
Small Businesses Most Likely to Lead Economic Recovery, 1
An Interview with Charles Ou, Senior Economist, 6
If you are having difficulty viewing this document, the following Adobe viewer for PDF files is available for download - http://www.adobe.com/downloads/.
Adobe also offers a handicapped accessibility site for the visually disabled at http://www.adobe.com/products/acrobat/access_onlinetools.html.
For more information about the Office of Advocacy, please visit our website at http://www.sba.gov/advo/ or telephone 202-205-6532.
Thank you for subscribing to our newsletter.
To sign up for Advocacy updates via RSS feed, visit http://feeds.feedburner.com/sba/rAIO
Visit Advocacy's Regulatory Alerts page to learn about and comment on proposed federal rules that may affect small business: http://www.sba.gov/advo/laws/law_regalerts.html.
In order to receive e-mail notices of Advocacy's news releases, monthly newsletter, small business research, statistics, and regulatory news visit http://web.sba.gov/list.
Friday, June 26, 2009
SBA’s Patriot Express Loan Initiative Delivers $315 Million to 3,750 Vets, Military Community
-- News Release --
Release Date: June 26, 2009
Contact: Dennis Byrne (202) 205-6567
Release Number: 09-45
Internet Address: http://www.sba.gov/news
SBA’s Patriot Express Loan Initiative Delivers $315 Million to 3,750 Vets, Military Community
WASHINGTON – In just two year’s time, the U.S. Small Business Administration’s Patriot Express Pilot Loan Initiative has supported more than $315 million in loans to more than 3,750 veterans and their spouses who are using the SBA-guaranteed funds to establish and expand their small businesses. As a result of the American Recovery and Reinvestment Act, which raised loan guarantees to 90 percent, and eliminated fees temporarily, the number of Patriot Express loans increased to record levels in April and May of 2009.
Patriot Express, launched June 28, 2007, builds on the more than $1 billion in loans SBA guarantees annually for veteran-owned businesses, and the counseling assistance and procurement support it provides each year to more than 200,000 veterans, service-disabled veterans and Reserve members.
"This commitment to more than 25 million veterans across the country, and the thousands returning from the wars in Iraq and Afghanistan is something we at SBA take seriously," SBA Administrator Karen G. Mills said. "The Patriot Express initiative, in conjunction with other SBA programs, goes directly to the needs of our veterans who want to start, or already have their own businesses. This critical access to capital helps them grow their businesses and create good paying jobs in their communities."
Patriot Express is a streamlined loan product based on the agency’s highly successful SBA Express Program, but with an enhanced guaranty and interest rate. The Patriot Express loan is offered by SBA’s network of participating lenders nationwide and features one of SBA’s fastest turnaround times for loan approvals. Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 90 percent.
The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases. Local SBA district offices will have a listing of Patriot Express lenders in their areas. Details on the initiative can be found at www.sba.gov/patriotexpress.
Interest rate maximums for Patriot Express loans are the same as those for regular 7(a) loans: a maximum of Prime + 2.25 percent for maturities under seven years; Prime + 2.75 percent for seven years or more. Interest rates can be higher by two percent for loans of $25,000 or less; and one percent for loans between $25,000 and $50,000.
Patriot Express is available to military community members including veterans, service-disabled veterans, active-duty service members participating in the military’s Transition Assistance Program, Reservists and National Guard members, current spouses of any of the above, and the widowed spouse of a service member or veteran who died during service, or of a service-connected disability.
Patriot Express loans have been approved in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and Guam and generally range from $5,000 to $375,000 in individual loan amounts. The average loan amount is almost $85,000. Nearly 15 percent of those loans have gone to military spouses. After loan applications are approved by the bank, they are submitted to SBA for approval. Most applications are approved by SBA within 24 hours.
SBA has veterans’ business development officers in district offices in every state and territory able to provide military community members full access to the SBA’s range of programs and services. There are also eight Veterans Business Outreach Centers located in: Albany, N.Y; Pittsburgh, Pa.; Lynn Haven, Fla.; Edinburg, Texas; Sacramento, Calif.; St. Louis, Mo.; Boston, Mass.; and Flint, Mich.
In addition to district offices, SBA’s resource partners SCORE, Counselors to America’s Small Business, Small Business Development Centers, and Women’s Business Centers provide local and online assistance with: writing a business plan, financing options to start or grow your business, managing the business, expanding the business and selling goods and services to the government.
For those who are already small business owners and who expect call-up, the SBA and its resource partners have expertise to assist with preparing their businesses before deployment, managing their businesses, selling goods and services to the government, obtaining other SBA financing and financial assistance, and obtaining loans for economic injury – Military Reserve Economic Injury Disaster Loans (MREIDL) – Loans of up to $2 million are available for small businesses sustaining economic injury because an owner or essential employee has been called to active duty as a military reservist.
The SBA and its Office of Veterans Business Development (OVBD) provides comprehensive assistance, outreach and support to veterans. Each year the SBA assists more than 200,000 veterans, service-disabled veterans and reservists. Go to www.sba.gov/vets.
Release Date: June 26, 2009
Contact: Dennis Byrne (202) 205-6567
Release Number: 09-45
Internet Address: http://www.sba.gov/news
SBA’s Patriot Express Loan Initiative Delivers $315 Million to 3,750 Vets, Military Community
WASHINGTON – In just two year’s time, the U.S. Small Business Administration’s Patriot Express Pilot Loan Initiative has supported more than $315 million in loans to more than 3,750 veterans and their spouses who are using the SBA-guaranteed funds to establish and expand their small businesses. As a result of the American Recovery and Reinvestment Act, which raised loan guarantees to 90 percent, and eliminated fees temporarily, the number of Patriot Express loans increased to record levels in April and May of 2009.
Patriot Express, launched June 28, 2007, builds on the more than $1 billion in loans SBA guarantees annually for veteran-owned businesses, and the counseling assistance and procurement support it provides each year to more than 200,000 veterans, service-disabled veterans and Reserve members.
"This commitment to more than 25 million veterans across the country, and the thousands returning from the wars in Iraq and Afghanistan is something we at SBA take seriously," SBA Administrator Karen G. Mills said. "The Patriot Express initiative, in conjunction with other SBA programs, goes directly to the needs of our veterans who want to start, or already have their own businesses. This critical access to capital helps them grow their businesses and create good paying jobs in their communities."
Patriot Express is a streamlined loan product based on the agency’s highly successful SBA Express Program, but with an enhanced guaranty and interest rate. The Patriot Express loan is offered by SBA’s network of participating lenders nationwide and features one of SBA’s fastest turnaround times for loan approvals. Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 90 percent.
The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases. Local SBA district offices will have a listing of Patriot Express lenders in their areas. Details on the initiative can be found at www.sba.gov/patriotexpress.
Interest rate maximums for Patriot Express loans are the same as those for regular 7(a) loans: a maximum of Prime + 2.25 percent for maturities under seven years; Prime + 2.75 percent for seven years or more. Interest rates can be higher by two percent for loans of $25,000 or less; and one percent for loans between $25,000 and $50,000.
Patriot Express is available to military community members including veterans, service-disabled veterans, active-duty service members participating in the military’s Transition Assistance Program, Reservists and National Guard members, current spouses of any of the above, and the widowed spouse of a service member or veteran who died during service, or of a service-connected disability.
Patriot Express loans have been approved in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and Guam and generally range from $5,000 to $375,000 in individual loan amounts. The average loan amount is almost $85,000. Nearly 15 percent of those loans have gone to military spouses. After loan applications are approved by the bank, they are submitted to SBA for approval. Most applications are approved by SBA within 24 hours.
SBA has veterans’ business development officers in district offices in every state and territory able to provide military community members full access to the SBA’s range of programs and services. There are also eight Veterans Business Outreach Centers located in: Albany, N.Y; Pittsburgh, Pa.; Lynn Haven, Fla.; Edinburg, Texas; Sacramento, Calif.; St. Louis, Mo.; Boston, Mass.; and Flint, Mich.
In addition to district offices, SBA’s resource partners SCORE, Counselors to America’s Small Business, Small Business Development Centers, and Women’s Business Centers provide local and online assistance with: writing a business plan, financing options to start or grow your business, managing the business, expanding the business and selling goods and services to the government.
For those who are already small business owners and who expect call-up, the SBA and its resource partners have expertise to assist with preparing their businesses before deployment, managing their businesses, selling goods and services to the government, obtaining other SBA financing and financial assistance, and obtaining loans for economic injury – Military Reserve Economic Injury Disaster Loans (MREIDL) – Loans of up to $2 million are available for small businesses sustaining economic injury because an owner or essential employee has been called to active duty as a military reservist.
The SBA and its Office of Veterans Business Development (OVBD) provides comprehensive assistance, outreach and support to veterans. Each year the SBA assists more than 200,000 veterans, service-disabled veterans and reservists. Go to www.sba.gov/vets.
Monday, June 15, 2009
Small Business can Apply for ARC Loans Beginning Today
Small Business can Apply for ARC Loans Beginning Today
WASHINGTON – Starting today, June 15, SBA will begin accepting loans for a temporary new program called America’s Recovery Capital. "ARC" loans of up to $35,000 are designed to provide a "bridge" for viable small businesses with immediate financial hardship – to keep their doors open until they get back on track.
"These ARC loans are another tool in the SBA toolkit which will provide critical support to small businesses struggling to make it through these tough economic times," said Administrator Karen G. Mills.
ARC loans are deferred-payment loans of up to $35,000, available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing and qualifying business debt. ARC loans are 100 percent guaranteed by the SBA and have no SBA fees associated with them.
ARC loans will be disbursed over a period of up to six months and will provide funds to be used for payments of principal and interest for existing, qualifying small business debt including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities. SBA will pay the interest on ARC loans to the lenders at the variable rate of Prime plus two percent.
Repayment will not begin until 12 months after the final disbursement. After the 12-month deferral period, borrowers will pay back the loan principal over a period of five years.
ARC loans will be made by commercial lenders, not SBA directly. For more information on ARC loans, visit www.sba.gov
For more information about all of the SBA’s programs for small businesses, call the SBA Answer Desk at 1-800 U ASK SBA or TDD 704-344-6640, or visit the SBA’s Web site at http://www.sba.gov.
Release Date: June 15, 2009
Contact: David J. Hall (202) 205-6697
Release Number: 09-41
Internet Address: http://www.sba.gov/news
WASHINGTON – Starting today, June 15, SBA will begin accepting loans for a temporary new program called America’s Recovery Capital. "ARC" loans of up to $35,000 are designed to provide a "bridge" for viable small businesses with immediate financial hardship – to keep their doors open until they get back on track.
"These ARC loans are another tool in the SBA toolkit which will provide critical support to small businesses struggling to make it through these tough economic times," said Administrator Karen G. Mills.
ARC loans are deferred-payment loans of up to $35,000, available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing and qualifying business debt. ARC loans are 100 percent guaranteed by the SBA and have no SBA fees associated with them.
ARC loans will be disbursed over a period of up to six months and will provide funds to be used for payments of principal and interest for existing, qualifying small business debt including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities. SBA will pay the interest on ARC loans to the lenders at the variable rate of Prime plus two percent.
Repayment will not begin until 12 months after the final disbursement. After the 12-month deferral period, borrowers will pay back the loan principal over a period of five years.
ARC loans will be made by commercial lenders, not SBA directly. For more information on ARC loans, visit www.sba.gov
For more information about all of the SBA’s programs for small businesses, call the SBA Answer Desk at 1-800 U ASK SBA or TDD 704-344-6640, or visit the SBA’s Web site at http://www.sba.gov.
Release Date: June 15, 2009
Contact: David J. Hall (202) 205-6697
Release Number: 09-41
Internet Address: http://www.sba.gov/news
Thursday, May 21, 2009
Hispanic Businesses Recognized at National Small Business Week - Oklahoma Firm Wins Top Award; 11 More Acknowledged
***********************************************
U.S. Small Business Administration
-- News Release --
***********************************************
Release Date: May 21, 2009
Contact: David J. Hall (202) 205-6697
Release Number: 09-36
Internet Address: http://www.sba.gov/news
Hispanic Businesses Recognized at National Small Business Week
Oklahoma Firm Wins Top Award; 11 More Acknowledged
WASHINGTON – The growing strength and contributions of Hispanic-owned businesses to the national economy were in display at National Small Business Week as 12 companies whose owners are of Hispanic background were recognized during the annual event sponsored by the U.S. Small Business Administration, including one who was named National Small Business Person of the Year.
Businesses receiving the awards are a cross section of the American industry, from cleaning services to construction to high-tech science and engineering support, and represent states and territories from Alabama to Connecticut, and Puerto Rico to New Mexico.
The National Small Business Person of the Year Award went to Jeanna Sellmeyer, an Oklahoma native of Venezuelan descent. The awards were presented during the celebration of National Small Business Week, May 17 -19 at the Mandarin Oriental Hotel in Washington D.C., to recognize the outstanding achievements and contributions of American small businesses.
"Hispanic-owned small businesses make important contributions to the American economy. We salute the many Hispanic-owned firms among our winners, and are pleased to present them with these awards in recognition of their entrepreneurial spirit and hard-won success," said SBA Administrator Karen G. Mills. "We applaud that in the midst of a difficult economic period, these businesses have continued to grow and preserve or create jobs in their communities."
According to the Census Bureau, in the United Sates there are more than 1.6 million Hispanic-owned businesses; they employ more than 1.5 million people and generate more than $220 billion in gross receipts.
The Hispanic award winners at National Small Business Week were:
National Small Business Person of the Year – Jeanna Sellmeyer, CEO, ASSET Group, Inc. Oklahoma City, Oklahoma.
National Prime Contractor of the Year – A. R. (Rey) Almodóvar, co-founder and CEO, Intuitive Research and Technology Corp. of Huntsville, Alabama.
Prime Contractor of the Year, Region VI – Ricardo and Renee Araiza, founders, R-con Construction, Inc. of Las Cruces, New Mexico.
Prime Contractor of the Year, Region VII – Michael Zambrana, president and CEO, Pangea Group of St. Louis, Missouri.
Sub-contractor of the Year, Region I – Lorenzo J. Cabrera, owner, Cabrera Services of East Hartford, Connecticut.
State Small Business Person of the Year, Kentucky – Thomas E. Masterson, president, T.E.M. Electric, Inc. of Louisville, Kentucky.
State Small Business Person of the Year, North Carolina - Lisa Anne Piñeiro, president, Technical Services, Inc. of Durham, North Carolina.
State Small Business Person of the Year, New Mexico – Michele E. Justice, president & CEO, Personnel Security Consultants, Inc. of Albuquerque, New Mexico.
State Small Business Person of the Year, New York – Teresa Ward, owner and president, Teresa’s Family Cleaning of Rocky Point, New York.
State Small Business Person of the Year, Pennsylvania – Paul de la Torre, chairman, and Edward de la Torre, president, De La Torre Orthotics and Prosthetics of Pittsburgh, Pennsylvania.
Small Business Person of the Year, Puerto Rico – Edward Feliciano, president, KCS Cleaning & Staffing Solutions Corp. of Carolina, Puerto Rico.
Phoenix Award for Small Business Disaster Recovery – Juan Carlos Yépez, president, and Luis Enrique Yépez, Jr., vice president, Mainstream Global, Inc.
of Lawrence, Massachusetts.
For additional details on Small Business Week 2009, including information on all
award winners, visit http://www.nationalsmallbusinessweek.com/.
---
The U.S. Small Business Administration thanks the cosponsors of National Small Business Week and related events: SCORE, Sam’s Club, Symantec Corporation , Ford , Raytheon, Administaff, Visa, Sage, IBM, HP, Trend Micro, Lockheed Martin, Verio, Moran Media Group, D&B, Association of Small Business Development Centers (ASBDC), National Association of Development Companies (NADCO), National Association of Government Guaranteed Lenders (NAGGL), National Small Business Association (NSBA), Small Business Entrepreneurship Council (SBEC), Women Impacting Public Policy (WIPP), and National Association for the Self-Employed (NASE)
The U.S. Small Business Administration’s participation in this cosponsored activity does not constitute an express or implied endorsement of any cosponsor’s, donor’s, grantee’s, contractor’s or participant’s opinions, products, or services. All SBA programs and cosponsored programs are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made, if requested at least 2 weeks in advance, by contacting sbw@sba.gov.
Cosponsorship Authorization #SBW2009
U.S. Small Business Administration
-- News Release --
***********************************************
Release Date: May 21, 2009
Contact: David J. Hall (202) 205-6697
Release Number: 09-36
Internet Address: http://www.sba.gov/news
Hispanic Businesses Recognized at National Small Business Week
Oklahoma Firm Wins Top Award; 11 More Acknowledged
WASHINGTON – The growing strength and contributions of Hispanic-owned businesses to the national economy were in display at National Small Business Week as 12 companies whose owners are of Hispanic background were recognized during the annual event sponsored by the U.S. Small Business Administration, including one who was named National Small Business Person of the Year.
Businesses receiving the awards are a cross section of the American industry, from cleaning services to construction to high-tech science and engineering support, and represent states and territories from Alabama to Connecticut, and Puerto Rico to New Mexico.
The National Small Business Person of the Year Award went to Jeanna Sellmeyer, an Oklahoma native of Venezuelan descent. The awards were presented during the celebration of National Small Business Week, May 17 -19 at the Mandarin Oriental Hotel in Washington D.C., to recognize the outstanding achievements and contributions of American small businesses.
"Hispanic-owned small businesses make important contributions to the American economy. We salute the many Hispanic-owned firms among our winners, and are pleased to present them with these awards in recognition of their entrepreneurial spirit and hard-won success," said SBA Administrator Karen G. Mills. "We applaud that in the midst of a difficult economic period, these businesses have continued to grow and preserve or create jobs in their communities."
According to the Census Bureau, in the United Sates there are more than 1.6 million Hispanic-owned businesses; they employ more than 1.5 million people and generate more than $220 billion in gross receipts.
The Hispanic award winners at National Small Business Week were:
National Small Business Person of the Year – Jeanna Sellmeyer, CEO, ASSET Group, Inc. Oklahoma City, Oklahoma.
National Prime Contractor of the Year – A. R. (Rey) Almodóvar, co-founder and CEO, Intuitive Research and Technology Corp. of Huntsville, Alabama.
Prime Contractor of the Year, Region VI – Ricardo and Renee Araiza, founders, R-con Construction, Inc. of Las Cruces, New Mexico.
Prime Contractor of the Year, Region VII – Michael Zambrana, president and CEO, Pangea Group of St. Louis, Missouri.
Sub-contractor of the Year, Region I – Lorenzo J. Cabrera, owner, Cabrera Services of East Hartford, Connecticut.
State Small Business Person of the Year, Kentucky – Thomas E. Masterson, president, T.E.M. Electric, Inc. of Louisville, Kentucky.
State Small Business Person of the Year, North Carolina - Lisa Anne Piñeiro, president, Technical Services, Inc. of Durham, North Carolina.
State Small Business Person of the Year, New Mexico – Michele E. Justice, president & CEO, Personnel Security Consultants, Inc. of Albuquerque, New Mexico.
State Small Business Person of the Year, New York – Teresa Ward, owner and president, Teresa’s Family Cleaning of Rocky Point, New York.
State Small Business Person of the Year, Pennsylvania – Paul de la Torre, chairman, and Edward de la Torre, president, De La Torre Orthotics and Prosthetics of Pittsburgh, Pennsylvania.
Small Business Person of the Year, Puerto Rico – Edward Feliciano, president, KCS Cleaning & Staffing Solutions Corp. of Carolina, Puerto Rico.
Phoenix Award for Small Business Disaster Recovery – Juan Carlos Yépez, president, and Luis Enrique Yépez, Jr., vice president, Mainstream Global, Inc.
of Lawrence, Massachusetts.
For additional details on Small Business Week 2009, including information on all
award winners, visit http://www.nationalsmallbusinessweek.com/.
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The U.S. Small Business Administration thanks the cosponsors of National Small Business Week and related events: SCORE, Sam’s Club, Symantec Corporation , Ford , Raytheon, Administaff, Visa, Sage, IBM, HP, Trend Micro, Lockheed Martin, Verio, Moran Media Group, D&B, Association of Small Business Development Centers (ASBDC), National Association of Development Companies (NADCO), National Association of Government Guaranteed Lenders (NAGGL), National Small Business Association (NSBA), Small Business Entrepreneurship Council (SBEC), Women Impacting Public Policy (WIPP), and National Association for the Self-Employed (NASE)
The U.S. Small Business Administration’s participation in this cosponsored activity does not constitute an express or implied endorsement of any cosponsor’s, donor’s, grantee’s, contractor’s or participant’s opinions, products, or services. All SBA programs and cosponsored programs are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made, if requested at least 2 weeks in advance, by contacting sbw@sba.gov.
Cosponsorship Authorization #SBW2009
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