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U.S. Small Business Administration Helping Small Business: Start, Grow and Succeed 1
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U.S. Small Business Administration 65% net new jobs Drivers of innovation Key to long-term growth 2
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Capital Nationwide: $30B Pacific NW: $1B 3
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Foothills Family Medicine Increasing demand 7(a) Express Loan Double patients seen 4
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Contracts Nationwide: $88B Pacific NW: $2B 5
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Performance Systems 6 10 employees, 1 location 8(a) certified firm 100 employees, 3 locations
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Counseling Nationwide: 1M entrepreneurs Pacific NW: 21,000 7
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Affordable Care Act Healthcare Tax Credits Purchasing Exchanges HealthCare.Gov 8
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Sleaddventures SBDC counseling 9 employees 2,000 locations 9
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Positive Job Growth 40 months positive job growth 7.2M private sector jobs 10
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America Can Out Innovate Out Build Out Compete 11
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Out Innovate SBIR & STTR Small business R&D role Highly competitive program Profit from commercialization 12
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SBIR Agriculture Defense Energy Health and Human Services Transportation Homeland Security EPA NASA National Science Foundation 13
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STTR Partner with research institutions Entrepreneurial skills to high-tech research Technologies from laboratory to marketplace 14
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Cumulative Effect Four times as many jobs Four times more revenue $2B grants nationwide $125M Pacific NW 15
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Chena Hot Springs $100K SBIR Award Harness geothermal power Empower rural communities 16
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Out Build Clusters/Manufacturing/504 Loans Leverage existing opportunities Jump start growth to greater profitability 17
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Clusters Fostering support network Grow particular industry or related set of industries Targeted training, counseling and mentoring 18
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SBA Cluster Initiative – Unique Solution 10 economic Clusters: 3 Defense Technology Clusters 7 Innovation Clusters 19
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Innovations in Advanced Materials $2M grant Columbia River Economic Dev Council Impact Washington SW Washington Workforce Dev Council 20
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504 Loan Program Long-term, fixed-rate financing 250 CDC’s nationwide Job creation and retention 21
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Precision Iron Works, Inc. 504 loan Small structures to multi-million dollar projects 20,000 square foot fabrication facility 22
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Out Compete NEI/Loans Double exports by 2014 5,500 U.S. companies 85% small and medium-sized businesses 23
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Out Compete New trade agreements 96% population, 2/3 rds purchasing power Ideal location 24
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SBA Export Loans $1.7B in export loans nationwide $71M across the Pacific NW 25
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Seattle Safety Exports to: Japan, South Korea, Taiwan, France, Italy New customers: Germany and China 26
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Together We Can Out Innovate Out Build Out Compete 27
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