According to a report from the Small Business Administration, SMBs have created 64 percent of net new jobs over the past 15 years. While the national unemployment rate lingers at 9.7 percent, some state leaders are taking steps to promote business formation to recover local economies.
Alabama’s news provider Waff.com reports that local government officials are planning to create an “entrepreneurial roadmap” that will foster creative ventures and encourage business incorporation in the region. The roadmap is a joint effort of the business advocacy group the Committee of 100, the University of Alabama and other organizations.

Participants in the roadmap will have the chance to hear accomplished business owners discuss strategies for success.

Donna Lamb, chair of the Committee of 100, told the source this endeavor aims to “develop long-term strategies that create jobs and improve [Alabama residents’] quality of life.” The roadmap will particularly cater to technological startups as officials think these offer the best chances for business development in the state.

Investments in tech industries may pay off. According to a survey from the Silicon Valley Leadership Group, 304 U.S.-based early-stage technology firms are planning on making new hires in 2010.

April 30, 2010

Alabama officials unveil ‘entrepreneurial roadmap’ to boost business formation

According to a report from the Small Business Administration, SMBs have created 64 percent of net new jobs over the past 15 years. While the national […]
April 30, 2010

Santa Clara entrepreneurship program aims to boost California business formation

Experts predict that small businesses will lead the economy out of recession. In the state of California, officials are trying to give entrepreneurs tools needed to […]
April 29, 2010

Business incorporation in Wisconsin may be a wise move

At the height of economic recession, Wisconsin’s Small Business Development Center assisted more than 250 companies in developing successful business plans and helped bring in more […]
April 28, 2010

Business incorporation may get a boost with new tax incentives for investors

Entrepreneurs might seriously consider business formation in the coming months. C corporations may not only soon help bring investors, but the entities also offer entrepreneurs medical expense deductions for workers.