u.s. small business administration helping small business: start, grow and succeed 1
TRANSCRIPT
U.S. Small Business Administration
Helping Small Business:
Start, Grow and Succeed
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U.S. Small Business Administration
65% net new jobs
Drivers of innovation
Key to long-term growth
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Capital
Nationwide: $30B
Pacific NW: $1B
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Foothills Family Medicine
Increasing demand
7(a) Express Loan
Double patients seen
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Contracts
Nationwide: $88B
Pacific NW: $2B
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Performance Systems
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10 employees, 1 location
8(a) certified firm
100 employees, 3 locations
Counseling
Nationwide: 1M entrepreneurs
Pacific NW: 21,000
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Affordable Care Act
Healthcare Tax Credits
Purchasing Exchanges
HealthCare.Gov
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Sleaddventures
SBDC counseling
9 employees
2,000 locations
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Positive Job Growth
40 months positive job growth
7.2M private sector jobs
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America Can
Out Innovate
Out Build
Out Compete
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Out Innovate
SBIR & STTR
Small business R&D role
Highly competitive program
Profit from commercialization
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SBIR
Agriculture
Defense
Energy
Health and Human Services
Transportation
Homeland Security
EPA
NASA
National Science Foundation
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STTR
Partner with research institutions
Entrepreneurial skills to high-tech research
Technologies from laboratory to marketplace
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Cumulative Effect
Four times as many jobs
Four times more revenue
$2B grants nationwide
$125M Pacific NW
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Chena Hot Springs
$100K SBIR Award
Harness geothermal power
Empower rural communities
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Out Build
Clusters/Manufacturing/504 Loans
Leverage existing opportunities
Jump start growth to greater profitability
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Clusters
Fostering support network
Grow particular industry or related set of industries
Targeted training, counseling and mentoring
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SBA Cluster Initiative – Unique Solution
10 economic Clusters:
3 Defense Technology Clusters
7 Innovation Clusters
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Innovations in Advanced Materials$2M grant
Columbia River Economic Dev Council
Impact Washington
SW Washington Workforce Dev Council
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504 Loan Program
Long-term, fixed-rate financing
250 CDC’s nationwide
Job creation and retention
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Precision Iron Works, Inc.
504 loan
Small structures to multi-million dollar projects
20,000 square foot fabrication facility
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Out Compete
NEI/Loans
Double exports by 2014
5,500 U.S. companies
85% small and medium-sized businesses
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Out Compete
New trade agreements
96% population, 2/3rds
purchasing power
Ideal location
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SBA Export Loans
$1.7B in export loans nationwide
$71M across the Pacific NW
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Seattle Safety
Exports to: Japan, South Korea, Taiwan, France, Italy
New customers: Germany and China
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Together We Can
Out Innovate
Out Build
Out Compete
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