small business

Useful Stats: SBIR Awards, Proposals by State, FY 2007

Compiling award and proposal statistics by state for fiscal year 2007, SSTI finds the 10 states with the most awards in FY 2007 were California (1201), Massachusetts (731), Maryland (342), Virginia (322), New York (297), Texas (269), Colorado (254), Ohio (240), Pennsylvania (211) and Washington (160). Compared to the top states for FY06, Maryland moved into the third spot from sixth last year, pushing Virginia to fourth place. New York climbed from eighth place to fifth place, and Texas, Colorado and Ohio each fell from their position last year.

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Wholly New SBIR Program Passes House, 368-43

To paraphrase an old automobile ad campaign, the SBIR program reauthorized for two years by the U.S. House of Representatives on Wednesday is not your father’s SBIR program as it was created and sustained for the past 25 years. Nor would it be the same, smaller STTR program if the bill becomes law.

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SBIR Reauthorization: Improving the Impact of FAST: An Editorial

Last week, SSTI reported the draft SBIR Reauthorization bill circulated by the House Small Business Committee in mid-March included language that would reauthorize the Federal & State Technology Partnership (FAST) for two years at its current $10 million level. FAST was created with the 2000 SBIR reauthorization and received appropriations through the Small Business Administration (SBA) for three of the next four years.

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House SB Committee Releases Draft SBIR Bill at Hearing; SSTI Testifies

A brief two-year reauthorization, bigger award sizes, VC eligibility clarification, and a $10 million grant program for state/local outreach assistance are included in the draft SBIR reauthorization bill circulated by the House Committee on Small Business Chairwoman Nydia Velazquez during the third hearing on the topic, held March 13.

The SBIR program will sunset Sept. 30, 2008, if reauthorization legislation is not passed by Congress and signed by the president before then.

Bigger Awards, Fewer Winners

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Getting the Most Bang for Your Buck: An Analysis of States Relative Efficiencies in Promoting the Birth of Small Firms

This SBA paper examines the role state policies and programs play in the rate of business births. The authors conclude that states can be quite influential in this area, and that states with larger populations tend to be more efficient in providing this kind of support.

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Wage Structure in Italian Manufacturing Firms

This paper examines the relationship between the structure of small manufacturing firms and the wages they pay.

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Who gets private equity? The role of debt capacity, growth and intangible assets

This paper examines the characteristics of a sample of 231 firms that did receive private equity (PE) and compare them to those of a matched sample. The authors show that firms rely on PE funding when there are no alternatives, i.e.when their debt capacity is limited, due to financial and bankruptcy risk and due to important investments in intangibles. PE investors, from their side, select firms with substantial growth options. Further, firms that receive PE have grown more before the funding event than companies that did not receive PE.

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Small-Firm Credit Markets, SBA-guaranteed Lending, and Economic Performance in Low-income Areas

In this paper, the authors empirically test whether SBA-guaranteed lending has a greater impact on economic performance in low-income markets. Using local labor market employment rates as a measure of economic performance, the authors find evidence consistent with this proposition.

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SME Development in Malaysia: Domestic and Global Challenges

The primary objectives of this paper are to analyze and discuss the development of Malaysian SMEs and their role, as well as various contributions, in the national economy. The paper goes further by reviewing extant literature to identify the major challenges facing this sector in Malaysia as well as government policies aimed at the development of SMEs.

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Impact of Location on Net Income: A Comparison of Homebased and Non-Homebased Sole Proprietors

Using 2002 sole proprietorship data, the impact of
location on net income is analyzed using a sample
of 1.6 million profitable nonfarm sole proprietorships
that took a home office business deduction (homebased
businesses) and 1.9 million that deducted rent for other business property (non-homebased businesses). Findings reveal that in 2002, homebased businesses earn lower average receipts ($62,523) and net income ($22,569) than businesses operated in rented space. Homebased firms gain a higher return on gross revenues compared with non-HBBs.

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