Category: Small Business
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Investment tax changes could affect regional strategies
The recent tax law[i] has numerous implications for regional economic development strategies, which we will dig into in this blog. First up: Qualified Small Business Stock. Many regional tech-based economic development strategies address capital access for startups at least partly by encouraging high net worth individuals, or angels, to invest in local startups. The U.S.…
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New index reveals unexpected state SBIR winners
Billions in federal Small Business Innovation Research (SBIR) funds are awarded each year to translate new ideas into commercial products—but not all states capitalize on the opportunity. Excel’s SBIR State Performance Index offers a new lens to assess and compare how well each region converts research, firms, and employment into SBIR awards, and then use…
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SBA’s new early-stage capital structure gaining traction
In 2023, the U.S. Small Business Administration finalized rules to allow new models for its Small Business Investment Company (SBIC) financing vehicle: Accrual and Reinvestor licenses. As I wrote at the time, these rules make the program a better fit for early-stage investment than it has been for the past 20 years. From new data…
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Tech and the economy under the next Trump administration: Small Business
The U.S. Small Business Administration is an important partner for many regional economic development strategies, and organizations therefore are concerned for what the next four years hold for the agency. From 2017-2020, we saw first Trump administration regularly propose to limit SBA’s funding, particularly for programs designed to assist entrepreneurs. However, Congressional appropriations and Administrator…