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Posts tagged: Small Business Administration

Making a Promise in Puerto Rico

USDA Rural Development Puerto Rico State Director Jose Otero-Garcia speaking

USDA Rural Development Puerto Rico State Director Jose Otero-Garcia speaks on USDA’s opportunities to spur economic development in the Roosevelt Roads region of Puerto Rico. Behind him (L-R) are USDA Rural Business Service Administrator Sam Rikkers, White House Puerto Rico Task Force member Fred Pfaeffle, and Leonardo San Román of the U.S. Department of Commerce.

When Roosevelt Roads Naval Base ceased operations in 2004, the surrounding region suffered a significant population and financial loss. The land transfer process from the Navy to the local government created the Local Redevelopment Authority (LRA), entity with the responsibility of leading the rebuilding process and revitalization of the former base and the adjacent communities of Ceiba, Fajardo and Naguabo. The collaboration between the LRA and the communities seeks to improve public infrastructure and renovate economic activity in the area, as well as improve access to health care, improve educational opportunities, reduce crime, and spur job creation.

The area served by the Roosevelt Roads LRA in eastern Puerto Rico was recently designated a Promise Zone by President Obama. This designation made the region eligible for funding that can help them develop job training for a modern workforce, improve access to education, and provide for the development of improved public safety and affordable housing. Read more »

Una Promesa para Puerto Rico

En la foto José Otero-García, Director Estatal de USDA Rural Development, explica las oportunidades que ofrece USDA para el desarrollo económico de la región de Roosevelt Road en Puerto Rico. Detrás de el de izquierda derecha esta Sam Rikkers, Administrador del Programa de Cooperativa y negocios y también Co-Presidente del Comité Directivo de la Zona Prometida, Fred Pfaeffle Arana, Representante de Puerto Rico en el Comité de Desarrollo de Casa Blanca y Sub Secretario de Derechos Civil de USDA Rural Development, y Leonardo San Román del Departamento de Comercio Federal.

En la foto José Otero-García, Director Estatal de USDA Rural Development, explica las oportunidades que ofrece USDA para el desarrollo económico de la región de Roosevelt Road en Puerto Rico. Detrás de el de izquierda derecha esta Sam Rikkers, Administrador del Programa de Cooperativa y negocios y también Co-Presidente del Comité Directivo de la Zona Prometida, Fred Pfaeffle Arana, Representante de Puerto Rico en el Comité de Desarrollo de Casa Blanca y Sub Secretario de Derechos Civil de USDA Rural Development, y Leonardo San Román del Departamento de Comercio Federal.

Cuando la Base Naval de Roosevelt Road cerró operaciones en el 2004, el área cercana sufrió una baja poblacional y una gran contracción. Como parte del proceso de transferencia de terrenos de la Marina de los Estados Unidos al gobierno local, se creó la Autoridad de Redesarrollo de Roosevelt Roads (LRA). Esta organización es la encargado de dirigir el proceso de planificación y revitalización de los terrenos de la antigua base junto a los municipios de Ceiba, Fajardo, y Naguabo.

El trabajo de colaboración entre estas comunidades y  la LRA busca mejorar la infraestructura pública y renovar la actividad económica del área, mejorar el ofrecimiento de servicios médicos y educativos como también crimen y la creación de empleos. Read more »

USDA Celebrates National Small Business Week

Grand Union Hotel owner Cheryl Gagnon giving Under Secretary Lisa Mensah a tour of the renovated historic hotel in Fort Benton, Montana

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 »

Made in Native America – Exports Growing the Market

A sampling of foods produced for sale by Native American businesses. USDA photo by John Lowery.A sampling of foods produced for sale by Native American businesses. USDA photo by John Lowery.

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 »

USDA Continues to Exceed Small Business Goals

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 »

USDA Celebrates Rural Small Businesses and Entrepreneurs During National Small Business Week

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 »