Summary: The United State Small Business Administration

The United States government recently demonstrated and reaffirmed its commitment and endeavors of ensuring that minority-owned and small businesses have greater access to contracting opportunities from the federal government. This commitment was demonstrated by the Obama administration through the announcement of a government-wide strategy by Commerce Secretary, Gary Locke and Karen Mills, Small Business Administrator. The plan includes federal agency procurement officials participating in over 200 events within three months to provide information regarding the federal contracting opportunities. These officials will also share information of contracting opportunities that are available within the American Recovery and Reinvestment Act. As part of these plans, small business owners can find the information regarding the available contracting opportunities at FedBizOpps website.

The Small Business Administration has been providing small businesses with funding since 1953. The purpose of SBA is to continue the path of free trade and competition that United States businesses have enjoyed and prospered from. SBA does not offer grants directly to for-profit businesses, only not-for profit businesses, financial institutions, and government agencies for the disbursement of SBA loans. Loan programs that are available include homes for home based businesses. 7(a) Loan Guarantee Program The SBA offers a loan of up to $2,000,000 to small businesses that are just getting started. This is considered to be the most flexible type of business loan program available through SBA as it covers a wide range of business types. The 4 types of 7(a) loan programs are as follows: Express Programs - These loans have a turn around rate of 36 hours and typically are good for $25,000 of less. Export Loan Programs - Given to companies that are able to export goods and need extra capital for export sales. A loan maximum of $2,000,000 applies to this program and a 500 employee limit to the company is also mandated. Rural Lender Advantage Programs - This gives small lenders in rural areas guaranteed backing for business loans in rural area, particularly agricultural loans. Loan amounts available will depend on the factors of credit, property size, and business growth possibilities. Special Purpose Loans Programs - This program is designed to help businesses affected by NAFTA

U.S. Small Business Administration (SBA) is a government agency that provides assistance for entrepreneurs and small business. The mission of SBA is to help Americans start, build and grow business. Because SBA knew it is challenging to strengthen the economic powers for the small business, therefore the office provides the following services for the small business companies:

As for the U.S economy today, small business has the main roles to contribute significantly in a whole gross domestic product (GDP). In the purpose to motivate and encouraging small business performs efficiently, the U.S government provides a couple major resources, the Small Business Administration, and the SNBC as the guidelines to address business concerns and other matters related. According to entrepreneur.com, small business represents over 6 trillion dollars in total economy outputs, and account over 3% as a franchisee. (sba.com, 2004).

The U.S. Small Business Administration also known or referred to as the “SBA” was created by Congress in 1953. The SBA was originally created to serve as an independent agency of the federal government. The SBA fulfills its mission by offering loans, loan guarantees, government contracts and as well financial counseling and many different ways of assistance to America’s small businesses. Anybody with a small business or who wants to start their own business benefits from this program because the SBA is willing to assist in getting loans to help get you started. In 2000 , 47 years after the SBA was created that’s when they had their largest budget. 11 years later in 2011 the SBAs budget reached to be about 6.2 billion. The SBA is only was responsible

According to the Small Business Act (SBA) of 1953; small businesses should receive a fair proportion of federal contracts and those small businesses should have the maximum practical opportunity to participate in federal contracting. The Small Business Act established the Small Business administration (SBA) to aid small businesses and to insure they receive a fair proportion of federal contracts. 3%governmentwide goal for awards go to historically underutilized business zone (HUBZone) small businesses, and 3%governmentwide goal for awards to service-disabled veteran-owned small businesses (SDVOSB). A contract can get counted towards more than one goal: an award to an SDB in a HUBZone that is owned by a service-disabled woman veteran would be counted towards all the goals.

Margaret Whitman born August 4, 1956, Spring Harbor, New York, U.S. American business official and legislator who served as president and CEO (1998–2008) of eBay, an online closeout organization.

Have you ever heard of a speech community? A speech community is a community of people who share the same language and or pattern of language. It is a community where people who are outside that community wouldn’t understand the language. Everyone has their own speech community and could have more than one. A community that I belong to is at my work which is a consignment shop. I have worked at this consignment shop for about 3 years now. I like working at this consignment shop because I work with people I love and have known my whole life. The fact that I spend pretty much every day working with people who are like my family is the best. I also love working here because all of the same customers come

Small businesses were once the backbone of the United States economy. After a time these business owners expanded, merged, and bought other businesses. This historic business trend has created some the well know corporations we know of today. One example would be the development of Wal-mart. Today, small businesses operate in the shadows of “big box” stores. However, small business owners account for more than 90% of, but only less than 5% or 10% of the GDP, “gross domestic product.” As a manager of a large corporation or a prospective business owner it is wise to be knowladgeble of new competitors, state of the economy, and current management trends. There are trends today that will change everyone’s expecatons of small business

There are two general approaches to maintaining responsible conduct within public organizations: internal controls and external controls (Terry L. Copper, 2012). In the SBA, there are lot offices can help this agency to do well on the internal controls, they through training, education, formal and informal exchange of ideas and so on to maintain ethical conduct. On the other hand, how are its external controls? From we learn in the class, we know the external controls include codes of ethics and ethics legislation. At first, let we see the codes of ethics of SBA.

This paper will cover the various topics: the history of the small business program, explain the small business set-aside program, assess the dollar threshold for small business contracts, the purpose of source selection evaluation plan, and ranking of criteria for the scenario. History of the Small Business Program

Which resulted in the creation of The Competition in Contracting Act of 1984. Its purpose is to allow small businesses to compete to win federal contracts due to competition, which resulted in lower cost. According to SBA (2002-2010): “Small businesses make up: 99.7 percent of U.S. employer firms, 64 percent of net new private-sector jobs, 49.2 percent of private employment, 42.9 percent of private-sector payroll, 46 percent of private-sector output, 43 percent of high-tech employment, 98 percent of firms exporting goods, and 33 percent of exporting value (p1). The bedrock of America’s economy is small businesses. The United States has about 27.9 million small businesses in the year 2010. Small businesses make up the majority share of employers in the United States this is one of the reasons why the SBA was established.

To help facilitate the growth of small businesses Federal Government procurement requires their Contracting Officers to comply with applicable socioeconomic laws and regulations that do not apply to commercial contracting. The socioeconomic goals set forth by these laws, which pertain only to federal contracting and are integrated into the FAR, ensure there is constant economic growth for the U.S economy as well. These goals consist of making awards to what is considered, set-aside programs, and includes small businesses participating in the 8(a) Business Development Program, Historically Underutilized Business Zones (HUBZone) Program, Service-Disabled Veteran-Owned Small Business (SDVOSB) Program, or the Women-Owned

The Small Business Administration defines small business as a business with 500 employees or less. Small businesses are well known and acknowledged worldwide as important contributors to economic development and job creation. They also play a big role in the general health and welfare of economies, both nationally and internationally. The small business sector represents a statistically significant proportion of the world economy. (William Gale and Samuel Brown 2013) The U.S. Small Business Administration (SBA) reported that small businesses represent 99.7 percent of all employer firms. Small businesses have paid 44 percent of the total United States private payroll, and generated 64 percent of new jobs since

The decree also specified that the definition of what signifies a “small business” should vary from industry to industry to reflect industry differences. The act also instructed the SBA to create small business size standards on an industry-by-industry basis. This statistical description is what is universally considered the standard for determining whether a business is considered “small” or “large”. Also, the act specified that to be considered a small business, the company must be independently owned and operated and not principal in its area of operation.