The U.S. Small Business Administration is seeking nominations for awards honoring the critical economic role small businesses play in federally funded research and development through SBA's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
Three awards will be given, one for companies that have participated in the SBIR/STTR programs, one for individuals who advocate on behalf of the programs, and a third "Hall of Fame" award recognizing companies that have an extended period of extraordinary success of research, innovation, and product commercialization within the SBIR or STTR program.
In 2009, state and local governments brought in nearly $2.1 trillion, a 22.1 percent ($587.5 billion) decrease from 2008, according to statistics from the U.S. Census Bureau. Most tax revenue categories saw declines except property tax, which saw a 3.7 percent increase to $424.0 billion.
These findings come from the 2009 Annual Surveys of State and Local Government Finances, which include statistics on revenues (including taxes), expenditures, debt and assets (cash and security holdings) for state and local governments.
Revenue from the federal government increased 12.3 percent from $478.0 billion to $536.8 billion between 2008 and 2009.
A new federal grant from the Small Business Administration (SBA) is enabling the Montana Department of Commerce (MDOC) to provide financial assistance to Montana exporters.
The SBA awarded MDOC's Office of International Trade and Relations a one-year grant of $307,849 to provide financial assistance to qualified Montana small businesses for their promotional efforts in beginning to export or expanding exports into new markets.
The Montana International Marketing Assistance Grant program is a result of President Obama's current initiative to double U.S. exports by 2015 through the rural and small business sectors.
United States Senators John Barrasso (R-WY), Orrin Hatch (R-UT), and Olympia Snowe (R-ME) introduced legislation, The Jobs and Premium Protection Act, to repeal the onerous Health Insurance Tax (HIT) which takes $87 billion away from small business by the end of the decade, resulting in a job-loss of 125,000 to 249,000 jobs in the private sector in 2021, according to a study released by the National Federation of Independent Business Research Foundation; small business will shoulder 59 percent of this job-loss burden
Women gained over half (65,000) of the 120,000 jobs gained this month, as reported in the Bureau of Labor Statistics (BLS) data released last week (which included revisions for September and October as well as new numbers for November). Analysis of the new data by the Institute for Women’s Policy Research (IWPR) shows that the wide job gap between men and women remains 1.5 million jobs.
The BLS also reported that the unemployment rate for women aged 16 years and older fell two-tenths of one percentage point, from 8.5 percent to 8.3 percent, while men’s unemployment rate fell six-tenths of one percentage point, from 9.5 percent to 8.9 percent for men in the same age range. For women who maintain families without the support of a spouse, the unemployment rate remains much higher at 12.4 percent.
A vote in the US Senate that would repeal the three percent tax withholding mandate for construction contractors was greeted by the industry as a victory. The vote was 95-0.
According to the chief executive office of the Associated General Contractors of America, Stephen E. Sandherr, "An overwhelming, bipartisan majority of Senators understand that repealing the three percent tax withholding mandate is essential to boosting economic growth. With construction activity down by $400 billion and the industry's unemployment rate at 13.7 percent, the last thing construction employers need is to be forced into giving interest-free loans to the federal government. That is why today's Senate vote comes as welcome news for construction firms, workers and taxpayers alike. As our members made clear in a recently released survey, many firms will be better able to offer positions to the veterans this legislation also supports without the enormous cost of this measure looming."
A new tax law that requires a three percent withholding tax by most governmental agencies when paying contractors, poses a threat to the fragile return of the construction industry in Montana, says the Montana Contractors Association.
Starting in 2013, the federal rule will force all large municipalities, all states and all federal agencies to withhold 3 percent of every payment to every contractor until contractors finalize their tax returns for the year.
The Big Sky Business Journal
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