Economic Development

Census Bureau: Highlighting Our Nation’s Veterans with the New “The Wealth of Veterans” Report

The U.S. Census Bureau will release a new report “The Wealth of Veterans” that uses data from the 2014 Survey of Income and Program Participation to look at how military service may influence the lifelong financial well-being of veterans. The report describes differences in the components of wealth between male veteran householders and nonveteran householders…

SBA: Celebrating National Veterans Small Business Week 2017 Oct. 30 through Nov. 3

The U.S. Small Business Administration will celebrate veteran, service member, National Guard and Reserve members, and military spouse entrepreneurs during National Veterans Small Business Week, Oct. 30-Nov. 3. “Veteran-owned businesses are a critical pillar of the U.S. economy as they contribute more than $1.14 trillion to the nation’s annual total sales and receipts,” SBA Administrator…

SBA: 2017 InnovateHER Challenge National Competition Award Winners Announced

Linda McMahon, head of the U.S. Small Business Administration, today announced the winners of the 2017 InnovateHER Challenge, the SBA’s nationwide live-pitch competition highlighting the innovative products, services, and technologies developed by visionary entrepreneurs that have a measurable impact on the lives of women and families, and in the marketplace. “It is my pleasure to…

SBA: Lending Activity for FY17 Shows Consistent Growth

The U.S. Small Business Administration today announced fiscal year 2017 lending numbers showing increasing loan levels in small business lending through the 7(a) and 504 loan programs, as well as increases in lending to women, veterans and emerging communities. SBA approved over 68,000 loans in the 7(a) and 504 loan programs in FY17. These programs provided…