U.S. Small Business Administration It’s time to grow. Opening Doors for Small Businesses SBA UPDATE March 21, 2011 Gautier, MS

SBA's 2010 SBPOY 2

3 What do these corporations have in common? They have all been helped by the Small Business Administration

SBA's Mission and Purpose Aid, Counsel & Assist Protect the interests of small business concerns Support & champion small businesses Disaster Assistance Simply put -- SBA helps people get into business, stay in business, grow and succeed. 4

SBA Highlights 5 Lending Business Counseling Contract Procurement Agency Scorecard

Women Procurement Activity Veterans SBA Highlights (Cont.) New SBA Website

The latest U.S. Departments of Commerce and Labor Census data report that there are: 46,437 small businesses with employees, 185,968 self-employed persons Estimated total of 232,405 small businesses 47,102 women-owned businesses, including part-time firms, generated $6B in sales 99% of MS businesses are small! 7 Small Business in Mississippi

BUSINESS DEVELOPMENT ASSISTANCE Provide management and technical assistance to small business owners through resource partners SCORE SBDC Women’s Business Centers Online Assistance

Growth in SBA Lending in Mississippi FY08 FY09 FY10 FY11 (3/19) Total Loans , Total Dollars $126.7M $144.9M $193.3M $188.2M 9 Increases Over Prior Year Total Loans--- 53% 44% Total Dollars--- 14% 31% Jobs Created/Retained FY ,879 FY 20095,760 FY 20107,444 FY 20113,764

Temporary Higher Guaranty and Fee Elimination) 7(a) loan guaranty increased to 90 percent Temporary fee elimination for borrowers For example, a $300,000 7(a) loan with a 90% guaranty would net a savings of $8,100 in fees ($300,000 x 90% x 3%).

Temporary fee elimination for both borrowers and lenders on SBA 504 loans For a typical 504 loan of about $600,000, borrower savings would equal about $9,000 Temporary Higher Guaranty and Fee Elimination on 504

Equal Treatment access federal contracting programs Better Playing Field for Small Business Small Business Teaming Opportunities 2010 Small Business Job Act 12 “New Law strengthens small businesses’ ability to compete for contracts”

Scorecard Small businesses won a record $96.8 billion in federal prime contracts in Fiscal Year 2009 (Oct.1, 2008-Sept. 30, 2009), an increase of almost $ 3 billion from FY 2008, according to the U.S. Small Business Administration’s fourth annual small business procurement scorecard released 8/27/10. This dollar amount represents percent of all federal spending – an improvement over FY2008. Additionally, performance in each of the government’s socioeconomic subcategories increased for FY2009. Small Business Goaling Summary Report CategoryGoal%$%$ Small Businesses23%21.89%$96.8 billion21.50%$93.2 billion Women5%3.68%$16.3 billion3.40%$14.7 billion Small Disadvantaged Businesses 5%7.57%$33.5 billion6.76%$29.3 billion Service-Disabled Veteran Owned Small Business 3%1.98%$8.8 billion1.49%$6.4 billion HUBZone3%2.81%$12.4 billion2.34%$10.1 billion 13

TransportationA 110.7% Veterans AffairsA 108.1% Small Business AdministrationA 106.6% HUDB 94.0% DODB 93.6% 14 Government-Wide Performance B 94.1%

NASAC 87.2% GSAC 87.0% CommerceC 84.4% JusticeD 73.1% NSFF 65.6% OPMF 60.6% AIDF 43.8% 15

Bill temporarily increases the amount of start-up expenditures entrepreneurs can deduct from their taxes for this year from $5,000 to $10,000 (with a phase-out threshold of $60,000 in expenditures), offering an immediate incentive for someone with a new business idea to invest in starting up a new small business Small Business Job Act 16 Increased Deduction for Entrepreneurs’ Start-Up Expenses

Women Procurement Program SBA published a final rule effective February 4, Affects 83 NAICS Codes. 51% Ownership / personal net worth < $750,000 5% Federal Contact Threshold Women-Owned Small Business website at

Online Women Procurement Training Winning Federal Contracts: A Guide for Women Entrepreneurs Self-paced guide available at Women’s Business Centers.

Vets Small Business Task Force Established April 26, 2010 by executive order of President Obama. Coordinates federal efforts to increase & improve veteran small business development.

Vets Outreach SBA Transition Assistance Program 800 counseled annually SBA Dynamic Small Business Search Mississippi businesses profiled online $150,000 grants provided to Veteran Business Opportunity Centers in 10 states Veteran and Service-Disabled Veteran-Owned Small Businesses procurement opportunities totaled $100,698, (Source Federal Procurement Data System)

Mississippi District Office “Supporting the Formation, Growth, Prosperity, and Viability of Mississippi’s small businesses.” 22 Follow us at: Gulfport Branch Office – (228) Mississippi District Office - (601)