Special to KPUA.net by H.I.E.D.B
Tap In To Upcoming Opportunities for Hawaii Island Businesses
Hawaii Island Economic Development Board is a private non-profit organization whose mission is, "To provide and promote private-sector support and expertise for balanced economic growth in Hawaii County, in partnership with federal, state, county and private resources."
More than fifty years ago, then President Dwight D. Eisenhower pushed for the creation of the Small Business Administration (SBA). In the Small Business Act of July 30, 1953, Congress created the SBA, whose function was to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns." The charter also stipulated that the SBA would ensure small businesses a "fair proportion" of government contracts.
Directly in line with that charter, an opportunity is being presented to Hawaii Island businesses interested in "Doing Business with the Army." On Wednesday, September 8, the U.S. Army Corps of Engineers and the Hawaii Small Business Development Center Network is presenting a workshop at the University of Hawaii at Hilo Campus Center, room 301.
For the minimal fee of $10, attendees receive continental breakfast and workshop materials. The basic steps needed to do business with the Federal Government will be shared. Additionally, information will be provided pertaining to SBA programs that can enhance business and increase business opportunities. The U.S. Army will detail some of their projections for construction needs on Hawaii Island. The program runs from 8:30 a.m. until approximately 10:30 a.m. and will be followed immediately by a one-hour Subcontracting Fair. During the Subcontracting Fair, businesses will gain information about subcontracting opportunities while networking with some of the Armyıs prime construction contractors. Call Hawaii SBDC Network at 933-0776 to register.
Over the past 47 years, SBA has grown in terms of total assistance provided and its array of programs tailored to encourage small enterprises in all areas. SBA's programs now include financial and federal contract procurement assistance, management assistance, and are specialized to reach women, minorities and armed forces veterans.
Nearly 20 million small businesses have received direct or indirect help from one or another SBA programs since 1953, as the agency has become the government's most cost-effective instrument for economic development. In fact, SBA's current business loan portfolio of roughly 219,000 loans worth more than $45 billion makes it the largest single financial backer of U.S. businesses in the nation.
Between 1991 and 2000, the SBA helped almost 435,000 small businesses get more than $94.6 billion in loans, more than in the entire history of the agency before 1991. No other lender in this country perhaps no other lender in the world has been responsible for as much small business financing as the SBA has during that time.
If you are a small business owner and of the persuasion that your one business enterprise doesnıt matter much in the global scheme of things, think again. There were approximately 22.9 million small businesses in the U.S. in 2002 providing approximately 75 percent of the new jobs added to the economy. Amazingly, small businesses employ more than 50 percent of the private work force, account for 39 percent of jobs in high technology sectors (2001 statistics), and represent 97 percent of all U.S. exporters. What federal contract work might be available for small businesses on Hawaii Island?
"Pohakula Training Area (PTA) saw more than 16,000 military men and women in training in 2003. As one of the Pacific Region's best and most important training facilities, we see change and opportunity in the future," said LTC Frederick Clarke of PTA Hawaii Island. "With that said, it is apparent that we want to use Hawaii Island businesses whenever possible to fulfill the needs of our day-to-day operations."
Land stewards, developers, architects and planners interested in doing business with the Federal Government would benefit from attendance at The Kohala Centerıs one-day seminar, "Connecting Conservation to Development." Scheduled for Friday, September 17, the seminar will explore new tools and concepts that can link conservation and development. The seminar will be at the Waikoloa Beach Marriott from 9:00 a.m. to 3:00 p.m. A fee of $125 includes seminar, continental breakfast and buffet lunch as well as continuing credits through AIA. Call The Kohala Center at 887-6411 or register online at www.kohalacenter.org.
How do you turn your ideas in to a viable, profitable business? On Tuesday, August 31, 2004 at the Hawaii Community College from 9:00 a.m. to 11:00 a.m., The Hawaii Small Business Development Center will present a workshop, "Starting a Business?" This workshop is fast-paced and FREE. Advanced registration is required. Call 933-0776.
Focus on the Economy is written for Hawaii Island Economic Development Board, Roberta Chu, chair / Paula Helfrich, president. Readers with comments, questions or suggestions should check the web site, www.hiedb.org , e-mail email@example.com or call HIEDB, 966-5416. An archive of Focus on the Economy columns is available on the web site.
See previous Focus On The Economy features by clicking on the links below:
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