Small Business Research and Resources
Research of Small Businesses.
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Small Business Share of GDP, 1998-2004
A new research study sponsored by the US Small Business Administration’s Office of Advocacy seeks to quantify the contribution of small business to the American economy. According to the research, small businesses accounted for half of non-farm gross domestic product between 1998 and 2004. This overall level held steady throughout the period, but the importance of small business contributions varies greatly by industrial sector. Two sectors – construction and other services – are very small business intensive, with small firms accounting for eighty percent of the economic contribution of the industries. Not surprisingly, more capital intensive sectors of the economy (mining, utilities, and manufacturing) have small business shares that are smaller than average.Download the April 2007 US Small Business Administration Office of Advocacy-sponsored report, The Small Business Share of GDP, 1998-2004, by Katherine Kobe.
Good Capitalism, Bad Capitalism and the Economics of Growth and Prosperity
Imagine this: a mere century ago, the purchasing power of an average American was one-tenth of what it is today. But what will it take to sustain that growth through the next century? And what can be said about economic growth to aspiring nations seeking higher standards of living for their citizens?
In this book, William J. Baumol, Robert E. Litan, and Carl J. Schramm contend that the answers to these questions lie within capitalist economies, though many observers make the mistake of believing that “capitalism” is of a single kind. The authors dispel that myth, documenting four different varieties of capitalism, some “Good” and some “Bad” for growth. The authors identify the conditions that characterize Good Capitalism—the right blend of entrepreneurial and established firms, which can vary among countries—as well as the features of Bad Capitalism. They examine how countries catching up to the United States can move faster toward the economic frontier, while laying out the need for the United States itself to stick to and reinforce the recipe for growth that has enabled it to be the leading economic force in the world. For reviews and to order your copy, click here.
Resources to Small Businesses.
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The Kauffman Foundation eVenturing Center - Geared to those who are building companies that innovate and create jobs and wealth, Kauffman eVenturing is the trusted guide for entrepreneurs on the path to high growth. The site provides original articles, written by entrepreneurs for entrepreneurs, and aggregates “the best of the best” content on the Web related to starting and running high-impact companies. Entrepreneurs will find the eVenturing site to be an interactive, vibrant, and vital place to make important connections, access help and advice, and find relevant, practical “just-in-time” information and tools. Click here to enter this informative site.
FEDERAL SMALL BUSINESS ADMINISTRATION -
Programs and services to help you start, grow and succeed. Click here to enter site.
SCORE (www.score.org) – As "Counselors to America’s Small Business," SCORE offers free and confidential small business advice to America’s entrepreneurs. Since 1964, SCORE has helped more than 7.5 million small businesses.
Jr. Chamber International (http://www.jci.cc/) –A worldwide federation of young leaders and entrepreneurs founded in 1944, JCI has 200,000 active members and millions of alumni in over 100 countries. They publish LEADER magazines for young entrepreneurs (under 40 years old) seeking guidance in growing their ideas and advancing their businesses.
www.MyBizHomepage.com - is a free, web-based service created to help small and emerging businesses run more smoothly and profitably. MyBizHomepage provides at-a-glance financial information presented in a Desktop Dashboard with easy to interpret graphics. Three steps and one minute will transform the way you access information, and accelerate your business. NEW YORK STATE/CITY ECONOMIC INCENTIVE PROGRAMS:
New York State Development Corporation - Click here to read of New York State Empire Zones Program, a vital component of NYS economic development to revitalize and expand New York’s economy. Empire Zones (formerly called Economic Development Zones) are geographically defined areas where businesses have access to vacant land, existing industrial and commercial infrastructure, a skilled workforce and abundant resources such as power and water supplies. The Empire Zones are particularly attractive in that they offer numerous tax incentives for qualifying businesses located within the zone.
New York City Economic Development Corporation - NYCEDC is responsible for promoting economic growth throughout New York City through real estate development programs, business incentives and more. Click here for more information. Another good source of New York City incentives at NY City summary page, click here.
MAINE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT:
The Office of Business Development is dedicated to helping companies in Maine grow and prosper. Our goal is to create an energetic business climate that will expand Maine's economy, attract new businesses and create jobs and prosperity for our citizens. Maine is known for its close-knit communities and cooperative spirit. We pride ourselves on making sure that applies to businesses as well as individuals. Maine has a wealth of business assistance programs that can meet the needs of any business, whether that business is brand new, relocating here, or an existing company hoping to expand and/or improve its operations. Whatever help is needed, Maine's Office of Business Development specialists are ready to roll up their sleeves and work with you.
Click here to visit the myriad incentives and assistance available to businesses wanting to start-up and/or grow in Maine.
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