Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Obama reauthorizes Ex-Im Bank: On Wednesday, President Obama signed legislation reauthorizing the Export-Import Bank, which provides low-interest, government-backed loans to encourage foreign entities to purchase American goods. Obama had championed the renewal of the bank, whose charter would have expired Thursday.
Small business revenues rising slowly: Small business revenues and employment crept ever so slightly higher last month, led by improvement in the retail and professional services sectors, according to the latest data released Wednesday by Intuit. Still, the numbers have a long way to go to reach prerecession levels.
Prime working years proving less than prime: The proportion of Americans between the ages of 25 and 54 who have a job is currently smaller than it has been at any time in the 23 years before the recession, according to new federal statistics. Before the recession struck, the proportion hovered at 80 percent.
Keep an eye ‘on’:
Spain’s woes hurrying major decisions:Spain’s escalating economic problems are forcing European leaders to accelerate decisions regarding bailout options that were expected to be made over the next few months. These include deciding whether the euro-zone countries should begin issuing bonds that they all jointly back.
Helpful advice ‘on’:
How to nab small business funding from Uncle Sam (OSB)
How to know if your adss aren’t working (Fox Business)
How to take advantage of R&D tax credits (Entrepreneur)
How to create a better work culture (Open Forum)