New York SBDC Research Network

The Census Bureau has introduced a new, user-friendly Internet tool that takes all the guesswork out of finding, downloading and using data from economic indicators. For the first time, users can access data from multiple indicators in one place and all in the same format. This tool provides an easy way to create data tables in ASCII text or time series charts in your favorite spreadsheet format. Users can select an indicator and choose data by item, time period and other dimensions using drop-down menus. Of the Census Bureau's 12 economic indicators, four are operational in the new tool now — international trade, manufactures' shipments, monthly wholesale trade and quarterly services; the remainder are expected to be available in this database throughout the course of 2011. See also a blog on this tool.

Recently I received a request that asked if there were any "federal programs for hiring the unemployed". Through the course of my research, I found three programs that might entice employers to hire new employees regardless of the current state of the economy. HIRE Act Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers. The first, referred to as the payroll tax exemption, provides employers with an exemption from the employer’s 6.2 percent share of social security tax on wages paid to qualifying employees, effective for wages paid from March 19, 2010 through December 31, 2010. In addition, for each qualified employee retained for at least 52 consecutive weeks, businesses will also be eligible for a general business tax credit, referred to as the new hire retention credit, of 6.2 percent of wages paid to the qualified employee over the 52 week per

by Rick Leibowitz With all the talk about the economic slowdown in the news, businesses are scrambling to find the best strategies to deal with the challenges of increases operating costs (mostly due to inflation in the energy & commodities markets) and anticipated decreases in consumer spending. Business articles talk about how now is a good time for small business owners to tighten their belts and watch their discretionary spending. I’ve personally read a number of articles that suggest cutting advertising budgets and hours of operation as a means to cost savings. However, I caution all small business owners to think carefully about the consequences of cost cutting before you take action. Developing a contingency to deal with the economic slowdown is a very smart strategy for every small business owner, but the key to a good plan is to dedicate time to forecast the expected results of each decision. Another thing to keep in mind is that it is highly unlikely that your business ca

Many people struggle to figure out how they can obtain the capital required to start and/or scale a business. This guide may not offer all of the answers, but it does provide helpful insights into a wide variety of financing options available to aspiring entrepreneurs as well as existing small business owners. ARTICLE RECOMMENDED by Walter Reid, Farmingdale SBDC

The Federal Reserve Bank of New York released its Quarterly Report on Household Debt and Credit for the third quarter of 2010, which shows that consumer debt continues its downward trend of the previous seven quarters, though the pace of decline has slowed recently. Since its peak in the third quarter of 2008, nearly $1 trillion has been shaved from outstanding consumer debts. Additionally, this quarter’s supplemental report addresses for the first time the question of how this decline has been achieved and notes a sharp reversal in household cash flow from debt, indicating a decrease in available funds for consumption. More HERE . Quoting the American Consumers Newsletter: At the household level, the Consumer Expenditure Survey shows the same pattern. Household spending peaked in 2006 at $51,688. In 2008, the average household spent $50,486, or $1,200 less after adjusting for inflation. On many categories of products and services, the average household reversed the direction of its

Someone posted this on my personal blog last week. It might be spam - the article itself was a couple years old - but thought I'd post it here: "I am going to formulate my own, personal business since you don't see any positive jobs around the market. "Could any individual provide any ideas or web sites about how to apply for government grant money to begin with my own business? I have already been looking on the web but just about every website asks for money and I've been told by the unemployment office to stay away from the websites that ask for money for grant information because they are scam. I'd personally be sincerely grateful for any help." Well, first off, the unemployment office is correct. Those websites promising you lots of money for your initial outlay should send off a warning buzzer in your head. It's a very good likelihood that those sites make only the website owner wealthy. The rest of the story is that, unless you are opening a no

A recent State appellate court ruling upheld New York law requiring Internet retailers to collect sales tax on sales to New York customers. To view the entire document please visit HERE .

The New York State Climate Action Plan: Interim Report was released on November 9, 2010. The Challenge and the Opportunity Climate change, resulting primarily from the combustion of fossil fuels and other human activities, is a significant threat to our environment, economy, and communities. Climate change is already occurring: its adverse effects are well documented across the globe and throughout our region. That realization, combined with the economic and national security vulnerability associated with our current, finite, fossil-based energy system, has created a sense of urgency in advancing a sustainable low-carbon energy future. New York State is committed to reducing Green House Gas emissions. The plan is to reduce these gases 15% by 2015 and 80% by 2050. The state is is aiming for an energy portfolio of 30% renewable by 2015. Businesses: Help New York State take the lead in this effort. Learn about the NYS SBDC Energy Savings Program . ARTICLE RECOMMENDED by Tony Presti, F

A recent article in The Albany Business Review quoted a "serial entrepreneur and social media guru" stating that "businesses have 2.6 seconds to get an audience’s attention". In the article, Promoting your biz 140 characters @ a time , Peter Shankman states that "a 140-character tweet translates to 2.6 seconds, the new collective attention span". So how can your business use a mere 140 characters, or 2.6 seconds, to grab and retain a client's attention span? Below are some articles and tips to do just that. Twitter 101 for Business - A Special Guide The Ultimate Video Guide to Twitter for Business An Absolute Beginner's Guide to Using Twitter for Business 50 Ideas on Using Twitter for Business 5 Unique Ways to Use Twitter for Business

DealBook: A Lesson in Control By STEVEN M. DAVIDOFF November 10, 2010 New York Times The Deal Professor examines the use of venture capital for a start-up, saying many entrepreneurs receive needed money, but lose control of their business "A venture fund will negotiate a set of agreements with the founders at the time of its investment... Not only will the fund negotiate to ensure that an exit occurs, but the V.C. will insist that it be paid back before the founder. "The key for entrepreneurs in deal negotiations is to make sure that when they do raise V.C. money, they have options. If they can get multiple term sheet offers from more than one venture capital firm, then they can negotiate to sell the smallest part of their company on the most lenient terms. If you only have one term sheet, you are not going to fare well. "When the company is not performing to expectations, these legal rights negotiated at the beginning of the founder-V.C. relationship come into play.&qu

Veterans Day originated as “Armistice Day” on Nov. 11, 1919, the first anniversary of the end of World War I. Congress passed a resolution in 1926 for an annual observance, and Nov. 11 became a national holiday beginning in 1938. President Dwight D. Eisenhower signed legislation in 1954 to change the name to Veterans Day as a way to honor those who served in all American wars. The day honors living military veterans with parades and speeches across the nation. A national ceremony takes place at the Tomb of the Unknowns at Arlington National Cemetery in Virginia.

HillLibrary.org notes: 5 Lessons Entrepreneurs Can Learn From the Midterm Election No, this isn’t another “what the elections mean for your business” – though those opinion pieces are also worth looking at! Rather, it suggests some lessons entrepreneurs can learn from the winners and losers of the election. Does money guarantee success? Is experience necessarily a good thing? Check out these thoughts from Mark Hall, founder of Input Ladder LLC and blogger at startup blog My Two And A Half Cents.

An MBA student sent me info on Elevator Pitch resources. Specifically, one from the Guide To Online MBA . He writes, "It has a ton of great elevator pitch resources, including competitions and writing resources that you and your users may find useful!" And I wondered: Do Entrepreneurs Need Elevator Pitches? Guess what? The page addressed that very question .

I love Advertising Age magazine. Several of us read our office subscription. The October 11, 2010 edition is The Consumer Issue, and contains several useful articles, including: How U.S. Assimilation Is Changing Marketing Rules Will Ad Industry's Opt-Out Program Entice Consumers? Marketers Still Struggling With Mommy Issues - they fail to recognize mommy is likely older, e.g. Don't Be So Quick to Dismiss Power of Asian Consumers 'Urban' Trope Misses a Large Swath of Black Consumers Tweens Embrace Makeup, Reject Miley Media-Savvy Gen Y Finds Smart and Funny Is 'New Rock 'n' Roll' There is a finite nymber of articles you can access online without a subscription. One suggestion: How U.S. Consumers Are Steering the 'Spend Shift' Five Eye-Opening Takeaways From an in-Depth Analysis on How Americans Are Changing in a Post-Crisis Society 1. The New American Frontier -- the values of optimism, resiliency and opportunity 2. Don't Fence Me In -- the

"The U.S. Department of Housing and Urban Development's (HUD's) Office of Policy Development and Research (PD&R) supports the Department's efforts to help create cohesive, economically healthy communities. "PD&R is responsible for maintaining current information on housing needs, market conditions, and existing programs, as well as conducting research on priority housing and community development issues. The Office provides reliable and objective data and analysis to help inform policy decisions. PD&R is committed to involving a greater diversity of perspectives, methods, and researchers in HUD research." And that's where I found Qualified Census Tracts and Difficult Development Areas and other low-income data regarding housing, which can be applied to other uses.