Grand Union Hotel owner Cheryl Gagnon gives Under Secretary Lisa Mensah a tour of the renovated historic hotel in Fort Benton, Montana. The Gagnons used a Business & Industry Loan Guarantee to finance the rehabilitation, along with financing from a revolving loan through Bear Paw Development funded by USDA’s Intermediary Relending Program. Just another example of how USDA Rural Development helps America's rural small businesses.
America’s economy rides on the wheels of small businesses.
The U.S. Small Business Administration says more than half of Americans either own or work for a small business. The contributions of these firms will be honored May 1-7 during National Small Business Week — #DreamSmallBiz — and USDA Rural Development is proud to join in the celebration.
As the leading federal agency working exclusively to foster economic opportunity in rural America, Rural Development knows Main Street businesses drive the rural economy. Money earned and spent at a small town “mom-and-pop” store, or a small-scale manufacturer gets re-invested locally. Read more »
A sampling of foods produced for sale by Native American businesses. USDA photo by John Lowery.
During the National Congress of American Indians (NCAI) 71st Annual Marketplace & Convention, I had the privilege to host “Made in Native America: A Workshop on Native Business Exporting”. In this seminar, Tribal leaders and Native business owners came together to discuss the benefits and challenges of moving Native-made/Native-harvested products abroad.
“I believe as we start growing and working together, we’ll never have the poverty that we’ve seen in Indian Country,” says Karlene Hunter, CEO of Native American Natural Foods, during the workshop’s first panel. She continued by remarking, “You need to know your market. You need to know your capacity.” Read more »
The Federal Government recently announced that it met its annual government contracting goal for small business. The government contracting goals are measured as a percentage of overall government contracts awarded. The Federal Government mandates 23 percent to be awarded of all prime contracts to small businesses and for Fiscal Year 2013, the government awarded 23.9 percent.
USDA has consistently met or exceeded its small business goal and received another “A” for Fiscal Year (FY) 2013. In fact, USDA awarded 54.16 percent of eligible contracts to small businesses, exceeding the 53.5 percent goal provided the Department by the U.S. Small Business Administration. Read more »
National Small Business Week began yesterday with a proclamation from President Obama recognizing the small businesses across the Nation which, especially in our rural and small-town communities, making vital contributions to communities and the American economy.
Individually, the impact of a small business may seem minor in comparison with conglomerates. The Small Business Administration (SBA), however, estimates that more than half of our American workforce either owns or is employed by a small business, and two out of every three new jobs in the U.S. each year is created by–you guessed it–a small business. It’s clear this portion of economy is significant, but in rural towns and areas where each job and transaction has an effect on the community, small business is essential. In rural America, the entrepreneurs, mom-and-pop shops, agri-businesses, small-scale manufacturers, and other enterprises are the local economy. Read more »
When President Obama signed the Food Farm and Jobs Act on February 7th he directed his Administration, working through the White House Rural Council, to lead a new “Made in Rural America” export and investment initiative. Specifically, the President has instructed his Rural Council – in coordination with the U.S. Department of Agriculture, the U.S. Department of Commerce, the Small Business Administration, the Export-Import Bank, the Office of the United States Trade Representative, and other agencies – to commit to connecting more rural businesses of all types to export information and assistance.
One example of what USDA will do in support of the Made In Rural America export and investment initiative is host training sessions to equip local USDA Rural Development staff in all 50 states plus territories with the tools they need to counsel businesses on export opportunities and resources. The Department of Commerce, through the Trade Promotion Coordinating Committee, will cross-train USDA Rural Development staff so they can better deliver support or refer rural businesses to federal services.
The blog below, cross-posted from the White House Rural Council blog, highlights the impact that the Made In Rural America Initiative will have with our partners at the Appalachian Regional Commission. Read more »
Business Program Specialist Deborah Rausch, Ohio Rural Development State Director Tony Logan, Toia Rivera-Strohm and Brad Strohm show off local textiles from the VonStrohm Woolen Mill & Fiber Arts Studio in Pickaway County. The small business was awarded VAPGs in 2010 and 2012. (USDA photo)
By now, we’re all familiar with the uniquely American shopping frenzy known as “Black Friday.” Almost before the Thanksgiving leftovers are even in the fridge, Big Box stores throw open their doors, offering sales geared toward holiday shoppers wrangling for the best deals. Black Friday has become as much of a November tradition as pumpkin pie, but for the past few years, small businesses around the country have been offering an enticing alternative to the long lines and early wake-up calls that come with the craze. USDA’s Rural Business-Cooperative Service (RBCS) is pleased to join the White House, the Small Business Administration and 1,400 American communities in celebrating Small Business Saturday on November 30.
Small Business Saturday is all about buying local and shopping small. Shopping small for both holiday gifts and everyday items not only can save you money, it also offers you access to one-of-a-kind, locally-made products as an alternative to “cookie-cutter” gifts. Small Business Saturday is designed to support the businesses that drive commerce in small communities; businesses that account for 44 percent of the private sector payroll and create two out of every three new jobs in America. Read more »