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October 13th, 2011                                                                                                        Issue #61
In This Issue
BUSINESS CONFIDENCE RISING
CALIFORNIA SMALL BUSINESS HIRING UP
NEC SBDC Service Centers
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Director's Corner
Dan
   Tour of Missouri's Technology Program

  

Dear ,

 

 

This week I had the pleasure of participating in a Tour of Missouri's Small Business Technology Development Center program. I was joined by representatives of the California SBDC Program, the University of California system, the California State University System, the California Community College System, and California's Innovation Hubs. It is amazing to see how all the pieces of the university research systems and SBDC business assistance systems work together to service the needs of technology companies.  

 

While the needs of technology companies mirror those of any other company, the complexities of identifying the value each partner can provide these firms is unique. Universities, with their research facilities, faculty and students represent an important competitive advantage for a technology firm. However, a university's primary purpose is to educate students. As a result, systems to identify the needs of small businesses often don't exist. Enter the Small Business Development Center program, with its competitive advantage in identifying company needs and creating an environment for high performance growth for small businesses. Over the coming months I look forward to working with our partners to expand this capacity to service California technology small businesses.

 

 

Dan Ripke
Director
Northeastern California SBDC

NATIONAL SMALL BUSINESS NEWS

SBA

Small Business Trends: Survey Says Business Confidence Is Rising

 

 

 

The National Federation of Independent Business released a survey on Tuesday showing a 0.8 point increase in small business confidence in September. The change brings the Business Optimism Index up to 88.9.

The NFIB wonders if this increase is a "start of a trend, or a blip." Rightly so -- the increase may have ended a six-month decline, but it hardly indicates positive sentiment. The increase was largely because fewer small business owners expect inflation-adjusted sales to contract.

 

Among the survey's findings, 28% of small-business owners reported poor sales as their top ranked business problem. However the NFIB reports poor sales has been the top concern for the past three years. READ MORE 

CALIFORNIA SMALL BUSINESS NEWS

Report: California small business hiring up

 

Nationwide, small businesses created 55,000 jobs in September, a year-over-year increase of 3.3 percent, according to Intuit Payroll's Small Business Employment Index. Small business hiring in California rose 0.5 percent.

 

California tied with Florida and Maryland for No. 2 in the nation. Washington was No. 1 with a 1.1 percent increase in hiring.

 

"September's small business employment figures are a big relief," said Susan Woodward, an economist who worked on the Intuit index, in a news release. "After all the uproar over the threatened European financial meltdown, good news is very welcome. Unlike in August, there is no softness in September's numbers: employment is up, hours worked are up and compensation is up." READ MORE  

Sincerely,

Dan Ripke
Director
Northeastern California SBDC &
Center for Economic Development
California State University, Chico
www.necsbdc.org
(530) 898-4598