Posts Tagged ‘small businesses’

Businesses secure more than $163M in federal contracts

by MBJ Staff Published: November 10,2011

Tags: defense, Entrepreneurs, entrepreneurship, federal government, military, minorities, small businesses

ACROSS MISSISSIPPI — In fiscal year 2011, more than $163.9 million in federal government contracts and modifications were awarded to Mississippi businesses certified in the U. S. Small Business Administration’s 8(a) and HUBZone Programs, according to the Federal Procurement Data System – Next Generation (FPDS-NG). This activity occurred Oct. 1, 2010 to Sept. 30, 2011. […] [...]

Hyperion graduating from IDEAs, expanding

by MBJ Staff Published: November 9,2011

Tags: busines incubators, defense, expansion, manufacturing, military, plant, small businesses, state government

TUPELO — Hyperion Technology Group Inc. is graduating from the Renasant Center for IDEAs, the Tupelo/Lee County business incubator, and will expand into the former Ad Lab facility in Tupelo. The project represents a $750,000 company investment and will create 10 new jobs. 
 To support the expansion project, the Mississippi Development Authority (MDA) provided […] [...]

SBA offering loans to drought-impacted businesses

ACROSS MISSISSIPPI — The U.S. Small Business Administration’s economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of drought and excessive heat that occurred from Jan. 1 – Aug. 30, 2011. “When the […] [...]

SBA proposes change in definition of small business

WASHINGTON — Proposed rules published for comment in The Federal Register by the U.S. Small Business Administration would adjust the size definition of small businesses in 52 industries in two broad categories of businesses, ranging from travel agencies and movie production to waste management. The proposed adjustments to size standards in 15 industries in Sector 51 […] [...]

SBA-Mississippi sets another quarterly record

JACKSON — The U. S. Small Business Administration Mississippi District Office has set another record for federal fiscal year 2011 (Oct. 1, 2010 to Sept. 30, 2011). A total of 749 loans were approved for Mississippi small businesses totaling a record $274,032,500. Janita R. Stewart, district director of the SBA in Mississippi, said, “We also […] [...]

Volume of SBA-backed loans sets another record

WASHINGTON — Spurred in part by unprecedented loan volume in the year’s first quarter, small business loans backed by the U.S. Small Business Administration in FY2011 reached the highest mark in the agency’s history, supporting over $30 billion. SBA Administrator Karen Mills said, “Due to the Small Business Jobs Act and a return to pre-recession […] [...]

Deadline nearing for SBA disaster loans

NORTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses that Oct. 17 is the filing deadline for federal economic injury disaster loans available in the counties of DeSoto and Marshall in Mississippi. The SBA declared a disaster because of the drought and excess heat that began on June 1, 2010. The SBA’s […] [...]

SBA offering disaster relief to businesses in six counties

by MBJ Staff Published: September 15,2011

Tags: disaster recovery, drought, hail, heat, natural disaster, rains, severe weather, small businesses, tornadoes, Weather, winds

MISSISSIPPI DELTA — Small, non-farm businesses in six Delta counties in Mississippi are now eligible to apply for low-interest disaster loans from the U.S. Small Business Administration (SBA). These loans offset economic losses because of reduced revenues caused by the combined effects of hail, high winds, flooding, widespread drought and excessive heat that began April […] [...]

DRA, SBA strike new Delta-focused partnership

MISSISSIPPI DELTA — The Delta Regional Authority and the Small Business Administration have announced a new partnership aimed at recruiting financial institutions to the Delta to help businesses in the region. Officials with the two agencies planned to announce the new agreement at an event this morning at Mid-South Community College in West Memphis, Ark. […] [...]

SBA assistance available to flood victims

ACROSS MISSISSIPPI — The U.S. Small Business Administration’s federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of flooding that occurred from April 15-July 1, 2011. “When the Secretary of Agriculture issues […] [...]

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