Accion Weekly News Roundup: July 19, 2013

Accion News:

Travelers, Accion and the Women’s Business Development Center Launch Small Business Risk Education Program

By The Wall Street Journal

The Travelers Companies, Inc. (NYSE: TRV), one of the nation’s largest insurers of small business, today launched its Small Business Risk Education (SBRE) program in Chicago to help women and minority small business owners learn about risk management, develop safety risk management plans, and qualify for microloans. According to the Small Business Administration, 47 percent of all jobs in Chicago are created by small companies.

 

Industry News:

U.S. Microenterprise Census Highlights

By FIELD at The Aspen Institute

The U.S. Microenterprise Census is conducted annually by FIELD at the Aspen Institute to obtain updated information on the scope and scale of the U.S. microenterprise industry and to track its evolution. In 2012, FIELD identified 816 microenterprise programs that provide loans, training, technical assistance, and other microenterprise services directly to microentrepreneurs.

The SBA Changes Definition of Small – Again

By Ramit Arora, Biz2Credit

The U.S. Small Business Administration (SBA) is making new changes to the definition of “small business”. The size standard norms have been updated for businesses operational in 70 industries. The new guidelines will go into effect on July 22nd, 2013 and could result in real implications for small businesses of the United States.

Women-Owned Small Businesses Snubbed by U.S. Energy Department

By Kathleen Miller, Bloomberg

Women-owned small businesses received only 1 percent, or $305 million, of direct contracts in the fiscal year ended Sept. 30 from the Department of Energy — making the department the worst performer in that area among the top 10 federal contracting agencies, according to data from the U.S. Small Business Administration.

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