Category Archives: Economy

SBA Announces Grants Available for State Trade, Export Promotion

Beginning March 1, states can apply for grants from the U.S. Small Business Administration to support efforts to increase exporting by small businesses. The State Trade and Export Promotion (STEP) pilot grant initiative is authorized to provide up to $90 million in grants to states over the next three years. Continue reading






SBA Launches Temporary Program for Commercial Real Estate Refinancing

Small businesses facing maturity of commercial mortgages or balloon payments before Dec. 31, 2012, may be able to refinance their mortgage debt with a 504 loan from the U.S. Small Business Administration under a new, temporary program announced today.






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New Residential Construction in January 2011

The Commerce Department’s U.S. Census Bureau today released data on new residential construction in January 2011. Permits for new homes fell 10.4 percent in January, compared with private sector expectations of a 13.1 percent decline.






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Retail Sales in January 2011

The Commerce Department’s U.S. Census Bureau today released retail sales data for January 2011. Retail sales rose 0.3 percent in January. This figure was slightly below private-sector expectations of a 0.6-percent gain. Excluding automobiles, retail sales grew 0.3 percent in January. Sales at motor vehicle dealers increased 0.6 percent.






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