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Interested in tax relief for business owners and employers? Are you ready to expand to international markets? If so, don’t miss SBA’s virtual trainings!
This Independence Day, the U.S. Small Business Administration thanks our service members and veterans for their dedication to our Nation’s values and their patriotic sacrifices on the country's behalf. We also tip our hats to veteran small business owners, who make significant contributions to the U.S. economy and add immense value to their local communities.
Unemployment Rate Down to 11.1 Percent
The June jobs report was even better than expected, with the US economy adding 4.8 million jobs over the month, according to a survey of employers. This was the biggest increase in jobs in the history of the series, going back to 1939, surpassing May’s increase of 2.699 million (revised higher from 2.509 million). Private-sector employment rose by 4.78 million, while government employment rose by 33,000.
On July 1, 2020, the U.S.-Mexico-Canada Agreement (USMCA) entered into force, officially replacing the North American Free Trade Agreement (NAFTA). USMCA is a ground-breaking achievement for U.S. small businesses and is the first trade agreement ever to include a full chapter dedicated to small business interests.
As a reminder, the deadline for the SBA to approve Paycheck Protection Program loans is today at 11:59 p.m. EDT. An updated Paycheck Protection Program Report showed as of June 27, approximately 4.8 million PPP loans have been approved nationally and $134 billion remains available (when accounting for statutory program costs) to be approved.
SBAM's Annual Meeting for the first time went virtual - but this was not your average Zoom meeting! It was a day of some great conversation, important updates, special award presentations and a little fun!
For businesses to survive in 2020 and beyond, they’ve had to adapt their business to the new reality – that even a small business in Northern Michigan can have customers in other continents and employees spread around the globe. Technology and broadband connectivity have opened up new markets and opportunities, and have driven new capabilities and efficiency. What small businesses may not appreciate, however, is the opportunity for harm, abuse, fraud and non-compliance in this new always on, always ready business environment we live in today.
5 Minutes to Growth: Dispelling myths around custom software
In Clark Schaefer Hackett's new 5 Minutes to Growth podcast series, CSH business advisors share innovative ideas and solutions to help you improve and grow your business.
In our first episode, we’ll be uncovering the common misconceptions businesses have when considering using custom software versus an off-the-shelf product. CSH’s software development expert Glenn Plunkett talks about the myths and highlights why custom software can transform an organization’s productivity and efficiency.