Bank of America says it will increase the amount it spends on small, medium-sized and diverse businesses, and pledges to purchase $10 billion in products and services from them over the next five years.
A recent wave of fraudulent loan scandals has targeted small business owners who may have been denied credit at other lending institutions as they try to create a corporation.
Maryland Governor Martin O’Malley is forming a commission to come up with ways to help the state’s small business owners.
Business confidence in Massachusetts rose into positive territory for the first time in more than two years, according to a recent report from the Associated Industries of Massachusetts.
New York Senator Kristen Gillibrand is speaking out in support of the Veterans Employment Act of 2010, which would help veterans start a business and get jobs after leaving the service.
With the recession leaving many of the nation’s more seasoned workers unemployed, it seems many older Americans opted to create a corporation instead of take entry level positions elsewhere.
According to the Small Business Administration, small businesses have created 64 percent of net new jobs in the past 15 years. Now, the latest report from Intuit’s Small Business Employment Index reveals that SMBs are continuing to keep the economy on track through making hires.
The Bureau of Labor Statistics reports that sustained business formation rates will be essential to economic recovery. With this in mind, the state of Connecticut may be in dire need of startups soon.