Small Business News

Transmission and Jobs: Connect the Dots

Modernizing our transmission grid represents a major potential source of job creation. By some estimates, transmission investment in the United States will range from $12 billion to $16 billion annually through 2030.

Every $1 billion of US transmission investment supports approximately 13,000 full-time years of employment. So over a 20-year period, 150,000 to 200,000 full-time years of employment could be created annually simply by updating and expanding our electric grid.

Over one-third of the jobs will be supported directly by domestic construction, engineering, and transmission component manufacturing activities. Approximately 125 operations and maintenance positions are created per $1 billion of transmission additions, in many cases providing employment throughout the life of the project.

Access to Capital Key to Small Business

How many times have you heard someone say access to capital is critical for small business? Plain and simple, access to capital for startup and existing small businesses is critical, hugely important to overall economic recovery and growth of the United States.

Access to Capital Key for Small Business

Many banks have either steered away from small business lending or have severely tightened their credit standards. It’s no secret small business lending is very risky in normal times. Programs like REAP assist entrepreneurs in finding traditional and non-traditional sources of income.

SBA Develops Mobile App

Are you starting a new business or do you need help taking your business to the next level? The Small Business Administration has developed an “app” to help smart phone users find SBA-affiliated advisers located near them and to get free, personal, one-on-one help with starting and growing the business.

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