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Access to Capital among Young, Minority-owned, Women-owned, and High-tech Firms

The availability of capital is crucial for small business startup, survival, and growth. This study investigates how the youngest small firms, especially high-tech firms and firms owned by women and minorities, were financed during the evolving financial environment of the Great Recession. Get the full report or summary . Should you need further information, please feel free to contact Victoria Williams at (202) 205-6533 or advocacy@sba.gov.

Advance GDP by Industry Statistics for 2012

From the Bureau of Labor Statistics : Durable-goods manufacturing, finance and insurance, and wholesale trade were the leading contributors to U.S. economic growth in 2012, according to advance statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. Overall, 19 of 22 industry groups contributed to the 2.2 percent increase in real GDP. Manufacturing real value added—a measure of an industry’s contribution to GDP—rose 6.2 percent in 2012, after increasing 2.5 percent in 2011. Durable-goods manufacturing, the largest contributor to overall growth in the economy for the third consecutive year, increased 9.1 percent, after increasing 6.8 percent in 2011 and 13.3 percent in 2010. The finance and insurance industry group increased 3.6 percent in 2012, after two consecutive years of negative real value added growth. Wholesale trade increased 4.8 percent, after increasing 3.0 percent in 2011.

New Congressional Bill Would Ax Most of the Census

Terri Ann Lowenthal’s excellent Census Project Blog has a great post about the bill and its implications : Rep. Jeff Duncan (R-SC-3) [has] just introduced a bill (H.R. 1638) to cancel the Census Bureau’s American Community Survey (ACS), Economic Census, Census of Governments and every other survey the agency conducts, except the once-a-decade population count. Oh, and bye-bye Census of Agriculture (transferred from Census to the Agriculture Department in 1997). Sayonara, adios — no more data.

Easy Money Saving Tips for Merchant Processing

The first thing you should know is that there are a series of what are called interchange levels which affect the cost of a charge at every stage, depending on a number of factors—including the type of card presented, specific information contained in the transaction and how/when the transaction is processed. Here are tips on how you can prevent being assessed higher processing fees .

New York Announces Its First Business Ombudswoman

Empire State Development and the New York State Department of Taxation and Finance announced the appointment of Mwisa Chisunka as New York State Business Ombudswoman and Director of Business Tax Services and Education. As New York's first Ombudswoman, Ms. Chisunka will work closely with the business community to provide education about tax law developments, answer questions, and help businesses navigate the issue resolution process. She will also launch pro-business programs as part of Governor Andrew M. Cuomo's Open for Business initiative. More HERE .
If you use your personal smartphone or tablet to read work email, your company may have to seize the device some day, and you may not get it back for months. Employees armed with a battery of smartphones and other gadgets they own are casually connecting to work email and other employer servers. It's a less-than-ideal security arrangement that technology pros call BYOD — bring your own device. Now, lawyers are warning there's an unforeseen consequence of BYOD. If a company is involved in litigation — civil or criminal — personal cellphones that were used for work email or other company activity are liable to be confiscated and examined for evidence during discovery or investigation. More from NBC News

SBA AND W20 GROUP LAUNCH SOCIAL MEDIA WEBINAR SERIES FOR SMALL BUSINESSES

WASHINGTON – The U.S. Small Business Administration and the W20 Group, an entrepreneurial ecosystem of digital communications companies, is launching a five-topic social media webinar series to help small businesses leverage and grow their businesses using social media tools such as Facebook, Twitter, YouTube, blogs and mobile marketing. Social media is playing a growing and vital role in the success of small businesses growing and creating jobs. It provides the opportunity to build deeper relationships with customers, to increase sales and to reach new markets in a cost-efficient manner. The webinars will help small businesses to develop a comprehensive social media plan that is engaging, effective and that has maximum return on investment. The first social media webinar for small businesses, Introduction to Social Media: Helping You Get Started, will be held on April 24, 2013, at 1:00 p.m. EDT. To register for the webinar, visit https://attendee.gotowebinar.com/register/6526746