Economic Recovery Plan

The Good, the Bad and the Ugly for Small Business

Podcast presents economic stimulus package details about what small businesses can expect in terms of new loan initiatives, tax incentives, hiring programs and more.

Attention All Business Professionals:

If you sell to small business, counsel small business, or are a small business, America’s Recovery and Reinvestment Act of 2009 offers real benefits. For example:

• Over $44 billion is aimed at businesses in education or that provide educational goods and services
• Over $7.1 billion focuses on communication industries
• Innovations in science, research and technology offer grants, tax incentives and other benefits across all industry sectors
• Improvements in both energy sources and efficiencies offer both cost savings and operational efficiencies

In terms of business funding, the U.S. Small Business Administration (SBA) is slated for $730 million that will be used in a variety of ways to encourage SBA backed loans including:

• Reducing loan processing fees
• Increasing loan guaranty levels
• Improving secondary loan markets

This includes specific loan programs, such as:

• A new Small Business Stabilization Loan
• More Micro-Loans
• Repositioning of 504 Certified Development Company (CDC) Program

Tax incentives in areas hiring, capital equipment and cancelled debt are also slated and incentives for investing in small businesses have been expanded.

Now more than ever, it is important to work together, leverage scarce resources and work smarter and Buzgate.org is making sure that it maintains the content and offers the connections for making this possible.