Small Business News
Updates on my work, constituent services, and other important small business news:
The IRS is providing help to the victims of Hurricane Sandy. Special tax relief and assistance is available to taxpayers in the Presidential Disaster Areas, including Newport and Washington counties. Check out the IRS website, linked above, for more information.
Private Non-Profit Organizations in Rhode Island that do not provide critical services of a governmental nature may be eligible to apply for low interest rate disaster loans to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets due to Hurricane Sandy between October 26-31, 2012. The filing deadline to return applications for physical property damage is January 2, 2013, and the deadline to return economic injury applications is August 5, 2013. Check out the SBA website, linked above, for more information.
Rhode Island residents and businesses affected by severe storms and flooding on Sept. 5, 2012 can apply from low-interest loans from the U.S. Small Business Administration. The filing deadline to return applications for physical property damage is December 21, 2012. The deadline to return economic injury applications is July 22, 2013. Check out the SBA website, linked above, for more information.
The Rhode Island Emergency Management Agency's Business Emergency Operation Center (RIBEOC) in conjunction with the Rhode Island Economic Development Corporation (RIEDC) is holding a free conference on Thursday, November 15, 2012, to address issues of emergency preparedness, such has how to improve communications and coordinate post-disaster economic recovery.
Employers can receive reimbursement, VA-provided tools, and VA support. Veterans approved to participate in the SEI program are hired by participating employers, and employment is expected to continue following successful completion of the program.
This announcement is the latest in a series of innovate reforms to the Unemployment Insurance program made possible through the Middle Class Tax Relief and Job Creation Act of 2012.
Congressman Cicilline introduced an amendment to raise the standing of the Regional Innovation Program as the appropriations process moves forward, helping build additional momentum and support for this initiative in the House of Representatives.
June 5 is the filing deadline for federal economic injury disaster loans available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes.
May 22 is the filing deadline for federal economic injury disaster loans available in Bristol, Newport and Providence counties as a result of excessive rain and high winds associated with Tropical Storm Irene that occurred on August 28-31, 2011.
Congressman Cicilline stressed the importance of a comprehensive plan to put the American economy back on the right track in his testimony before the House Committee on the Budget.
Congressman Cicilline helped pass reforms to benefit American exporters during a markup session in the House Committee on Foreign Affairs. The Export Promotion Reform Act, H.R. 4041, would increase the amount of American-made goods and services that are exported to other countries – helping to grow jobs in American exporting firms.
While countries like China continue to cheat in trade and gain an unfair advantage in the marketplace, this bipartisan legislation will help level the playing field for U.S. manufacturers and companies that have been harmed by unfairly subsidized imports.
With unemployment continuing to hover at 10.8% in Rhode Island, the Republican-controlled House of Representatives rejected an amendment offered by Congressman Cicilline that would have required a jobs impact analysis be performed on legislation that passes out of a House committee.
Congressman Cicilline's two bills currently pending in the House of Representatives would promote the goals outlined by President Obama by providing new resources to maufacturers and closing loopholes that cut taxes for companies that move jobs overseas.
At the invitation of Congressman David Cicilline, Karen G. Mills, Administrator of the U.S. Small Business Administration (SBA), participated in a series of events to highlight federal resources and support available for small business owners in Rhode Island.
U.S. Congress passed legislation that included an amendment offered by freshman Congressman Cicilline to enhance U.S. manufacturing activities through the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs.
As Americans prepare for the busiest days of the holiday shopping season, Congressman Cicilline encouraged Rhode Islanders to support the second annual "Small Business Saturday" by patronizing small businesses in their local communities.
Congressman Cicilline, along with Wayne Celia, CEO of Diversified Distribution in Woonsocket, attended the “Make it in America Champions of Change Roundtable” hosted by the White House.
At the October 26, 2011, House Small Business Committee hearing, Congressman Cicilline asked SBA Administrator Karen Mills about how the Impact Innovation Fund and the Early Stage Innovation Fund, both part of the Administration's Startup America Initiative, can be utilized to benefit small businesses in Rhode Island.
Cicilline Welcomes U.S. Treasurer to Rhode Island for Small Business Roundtable and Tours of Local Businesses
Congressman Cicilline and Treasurer Rios conducted a roundtable discussion with Chamber of Commerce representatives, local small business owners, and members of his Latino Advisory Committee. Treasurer Rios’ visit provided local business leaders with a special opportunity to showcase the good work of Rhode Island businesses and to share their experiences with a prominent member of the Obama administration. In response, Treasurer Rios discussed some of the federal government’s approaches to assisting small businesses.
The Senate Committee on Veterans’ Affairs held a briefing on the Center for Veterans Enterprise and the process in which Veteran-Owned and Service-Disabled Veteran-Owned Small Businesses (VOSB/SDVOSB) verify their Veteran status for inclusion in the VIP database.
On a recent tour of Wide World of Indoor Sports, Congressman Cicilline and SBA Regional Administrator Hulit congratulated owners Stephen Sangermano and Dan Faucet on their success using SBA loans to build the North Smithfield facility, create jobs, and help strengthen the Rhode Island economy.
Governor Chafee, Members of Rhode Island’s Congressional Delegation and Community Leaders Announce $13.1 Million in Critical New Investment Capital for Urban Communities, Small Businesses, Early-Stage Technology Companies and Entrepreneurs
Rhode Island has been awarded $13.1 million in federal funds to help finance small businesses. These funds will be distributed through the U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI), which was established by the Small Business Jobs Act of 2010. I am excited about this excellent opportunity for Rhode Island small businesses and entrepreneurs to grow and create quality jobs in the state.
Rhode Island was declared as a disaster zone on September 26, 2011, as a result of Tropical Storm Irene. Certain businesses may be eligible to receive disaster assistance from the Small Business Administration.