Small & Disabled Veteran Businesses Power California Economy | Study, C.S.U.S.

Below is a summary of the study commissioned by the state Department of General Services. The study was just released, but is based on 2006-07 data, so a more appropriate title may have been “Small Business Used To Power California Economy”. The study contains no comment on how state I.O.U.s are going to affect these business powerhouses.

Small & Disabled Veteran Businesses Power California Economy

New study details billions of dollars of economic activity, and tens of thousands of new jobs, created by the state’s contracting efforts

SACRAMENTO, Calif. – A new study details the financial impact of the state’s efforts to increase small and disabled veteran business enterprise participation in the state’s goods and services purchasing. The analysis of results from the 2006-07 fiscal year shows how small and disabled veteran businesses enterprises produce about 50 percent more overall California economic impact for each dollar spent than large enterprises. The report also offers a picture of how much this activity increased overall business tax revenues across California’s economy, and how it affected different sectors of the state’s economy.

“The State’s efforts to contract with smaller business created a powerful multiplier effect,” said Jim Butler, that state’s Chief Procurement Officer. “$4.2 billion in new economic activity of all kinds was produced in California by the state spending around $2.66 billion-and 25,617 jobs were created.”

Read the study here.

Continue reading “Small & Disabled Veteran Businesses Power California Economy | Study, C.S.U.S.” →

Wells Fargo’s America’s Recovery Capital SBA Loan Application | Marty Gronewald

Our friend Marty Gronewald just forwarded us Well Fargo’s ARC loan application. He said none of the local branches had a clue about it but he was able to ferret out the information for us.

It is encouraging the have an application, but in the early paragraphs it says that the program is subject to the banks underwriting rules which would mean that they would never actually loan the money.

If you’d like to brave this adventure, click here to view the application. Right click on the ‘click here’ to save it to your computer. It’s a standard package, so you could send it to multiple lenders.

If anyone gets funded with this program, please let us know. We would love to spread the good news!

SBA Sponsors Professional Grant Proposal Writing Workshop

Professional Grant Proposal Writing Workshop to be held at the Wilshire Grand Hotel Center

Downtown , L A
July 9 – 10, 2009

Stimulus funding:

What you need to know now

March 12, 2009 — Nonprofits should be ready to move quickly, now that the American Recovery and Reinvestment Act has been passed by the U.S. Congress and signed by President Obama.
In The Cohen Report (February 14 and February 15, 2009), a web publication of The Nonprofit Quarterly, Rick Cohen explores the significance of the Act for nonprofit organizations. Provisions of the Act include:

$150 million for economically distressed communities;
$225 million for Violence Against Women Prevention and Prosecution Programs;
$100 million for Community Development Financial Institutions;
$750 million for worker training and placement (of this amount, $500 million is for careers in efficient and renewable energy–green jobs)
$50 million for capacity-building grants that will go directly to nonprofit organizations.

Continue reading “SBA Sponsors Professional Grant Proposal Writing Workshop” →

SBA ARC program DOA. Is Obama for real or are the banks still running the show?

The Small Business Administration announced the ARC program for distressed small businesses. This emergency loan, up to $35,000, is intended for businesses that can’t pay their bills.

Guess what? Since the SBA only guarantees loans and the banks still have to fund them, we have yet to see a single ARC loan made. The recovery efforts, at least as far as main street is concerned, feels like a photo op.

If you’ve had success getting one of these loans, please contact pmehit@wbpllc.com. I’d love to know your secret.

Economic Stimulus a ‘Sugar High’ | Bloomberg.com

I remember a time at the doctor’s office when he was getting ready to give me a shot. “This is going to sting a little,” he said and he was right. Now we’re watching cascading failures in the economy as GM and Chrysler are on life support and billions of dollars are printed to restore a broken credit system.

World Bank President Robert Zoellick calls the stimulus being injected into the economy a ‘sugar high’ that will result in a deeper depression on the other side. As a long time Coke addict (the drink, not the drug) I can attest that you don’t feel better when the sugar wears off.

Even our own John Husing, usually a parenial optomist, points to the next reset of Option ARM mortgages coming at the end of this year. The regulators and the bankers need to untie this knot quick, or we’ll all yearn for the good old days of last August’s crash.

This is not a cyclical change. Our economy is undergoing a profound structural change. On the other side of this, the economy, our country and how we live will look a lot different than it does today. Whether this is good or bad depends on how we react to it.

We are seeing people coming together in creative ways to save companies or start new ones. People a starting to work together. They’re not waiting for a government bailout. They’re moving on.

When this is past, we have the chance to be better people. We’ll pay more attention to what our government is doing. We’ll watch our finances better. We’ll find strengths we didn’t know we had.

But it’s going to sting a little.

Read Article

Binah Advisory, Presents Tips for Increasing Revenues During a Recession | Binah Advisory – Tullio Siragusa

Binah Advisory, Presents Tips for Increasing Revenues During a Recession

The economic crisis has contributed to renewed attention by Entrepreneurs & Senior Executives in improving the day to day operations of business. Improving areas of the business that are ineffective is one critical step towards weathering the recessionary storm.

Most of the times improving those ineffective and inefficient areas of the business that matter most can give your business a competitive edge, and prepare you for hyper growth when the economy turns around. Where many see doom and gloom, the smart businesses see opportunity. Becoming more effective in the day to day business operations is critical to focusing on creativity and seeing new opportunities otherwise missed.

Tullio Siragusa, in his book “Unlocking Your Empire”, by Binah Advisory Publishing, offers sound advice on getting more from your existing book of business.

Continue reading “Binah Advisory, Presents Tips for Increasing Revenues During a Recession | Binah Advisory – Tullio Siragusa” →

2009 World’s Most Ethical Companies | Ethishpere Magazine


2009 World’s Most Ethical Companies | Ethishpere Magazine

Just when you thought you needed to abandon hope, something like this comes along. Check out the performance of ethical companies vs. the S&P 500. Quite cool. Read Article