Economic Stimulus

On Monday, June 8, the U.S.

On Saturday, May 30, at BookExpo America, more than 55 booksellers attended the American Booksellers Association session "How SBA and the Federal Stimulus Package Can Help Your Business" in the hopes of finding solutions to a wide range of issues currently facing small businesses in tough economic times, from access to capital to affordable healthcare.

Booksellers can hear about the ways that they can gain access to capital at BEA session on the Economic Stimulus Package

Booksellers can learn how to gain access to capital at BEA session on the Economic Stimulus Package

Ana M. Ma, chief of staff at the U.S. Small Business Administration, will be one of the featured speakers at a new ABA session at BookExpo America, "How SBA and the Federal Stimulus Package Can Help Your Business," to be held Saturday, May 30, from 10:30 a.m. - noon, at the Javits Convention Center.

Late last week, the American Booksellers Association sent congratulations to Karen Gordon Mills on her confirmation as Administrator of the U.S. Small Business Administration (SBA) and requested a meeting to discuss issues specifically affecting independent bookstores. Mills' appointment was confirmed unanimously by the Senate on Thursday evening, April 2.

On Wednesday, April 1, the chair of U.S. Senate Committee on Small Business and Entrepreneurship, Sen. Mary Landrieu (D-LA), will hold a hearing on President Barack Obama's nomination of Karen Gordon Mills to be administrator of the Small Business Administration.

The Small Business Administration (SBA) has announced that it is accommodating concerns raised regarding new limits on "goodwill" financing. "Goodwill" is the difference between what a buyer pays for an existing business and the book or fair market value of the assets of the business (e.g., a value based on the "expected continued customer patronage due to its name, reputation, or any other factor," as defined by H&R Block).

This week, the Small Business Administration (SBA) began the process of providing details to small businesses on the ways they can benefit from provisions in the American Recovery and Reinvestment Act of 2009, signed into law by President Obama on February 17. In addition, in his speech to Congress on Tuesday, February 24, the President said his administration would work to provide affordable healthcare and open up credit lines for small businesses.