Small Business and Entrepreneur

Argentinean Restaurant Carves Out a Space in Crowded N.Y. Culinary Scene

In Manhattan's affluent Upper East Side, Natalia Machado is making Argentinean food famous. The 30-year-old is the lead chef at Libertador, one of just a handful of restaurants focusing on that South American cuisine among the hundreds of dining spots in the area.


Missiles Help Launch Hispanic-Owned Company Above Economic Doldrums and into and SBA Award

If the mind-blowing growth of the Hispanic-owned Intuitive Research and Technology Corporation is any indication, the year 2008 -- though a tough time for most of us -- was a stellar year for the missile industry. Majority-owned by Puerto Rican-American Rey Almodovar, the Alabama-based defense contractor's revenue exploded in 2008, tripling to $43.4 million. The 10-year-old company's good times continued this week, when the federal Small Business Administration named it the "small business prime contractor of the year" -- complete with a handshake from President Ba


Study: More Small Business Were Sold in California

Roughly 1,800 small businesses were sold in California in April, making it the highest month so far in 2009 for small business sales transactions, according to BizBen, which follows small and medium business sales in the state.


House Subcommittee Strengthens Small Biz Support for Vets, Native Americans, Women

A House subcommittee this week approved a raft of bills that, if passed on the floor, would expand support for small businesses owned by veterans, Native Americans and women.


Ana Harvey Tapped to Lead SBA Women's Business Office

The Small Business Administration named Ana Harvey as the leader of the Office of Women's Business Ownership on April 30. She has served as President & CEO of the Greater Washington Hispanic Chamber of Commerce.


SBA Asks Judge to Dismiss Advocacy Group's Suit in Alleged Slander Flap

The SBA is asking a judge to dismiss a lawsuit filed by a small business advocacy group for the telephone records of the government agency's head spokesman. In the unusual case, the group -- the American Small Business League--is requesting the phone records of SBA Press Office Director Mike Stamler because the league's president, Lloyd Chapman, believes Stamler has slandered and defamed him.


Will Small Businesses Cash In on Stimulus Dollars?

Hispanic-owned companies are calling for better federal contracting policies. The $787 billion stimulus package signed into law in February has reignited concerns among some small-business owners and advocates, who question whether the Small Business Administration is prepared to handle the massive expansion of lending and investment programs.


Battle Between a Small-Business Advocate and the SBA Gets Personal

With regular appearances on Fox News and CNN, Lloyd Chapman is a small-business advocate whose star is on the rise. And although he may not be a household name, if he has his way, everyone will know the name Chapman before too long. The 59-year-old Texas native, who founded the American Small Business League, is on a one-man crusade against the Small Business Administration. But more importantly, perhaps, the eccentric Chapman is on a mission to clear his good name.


Selection of New SBA Leader Pleases Most, But Not All

Unlike many of President Barack Obama's controversial cabinet picks, Karen Mills, the new leader of the U.S. Small Business Administration, last enjoyed unanimous Senate approval, with nary a peep of protest from a single legislator. But not everyone is cheering the venture capitalist's new role.


Crafty Chica's 'Enthusiastic Desperation' Turns 'Latino Chic' into Glittery Business

Like one of her boldly colorful, well-assembled love shrines, Kathy Cano-Murillo's career has come together nicely. But for the woman dubbed the "Crafty Chica," the road to mainstream success -- from selling her Mexican pop art out of her home to launching a mass-retail line of craft supplies -- was strewn with fabric scraps, paint and loads of glitter.


GAO Report Indicates SBA Program Plagued With Fraud

A Congressional investigation has revealed that a federal program meant to benefit small businesses in economically distressed areas is plagued with "fraud and abuse." In a report released Wednesday, the Government Accountability Office said the HUBZone program, which is meant to bring assistance to businesses in "Historically Underutilized Business Zones," includes at least 19 firms that should not be there.


Obama Releases Details on Plan to Boost Small Businesses

The Obama Administration on Monday detailed its latest strategy to boost small businesses by greasing the jammed gears of the lending industry.


Amid Recession, Small Business Administration Swimming in 8(a) Requests

Perhaps it's the millions of layoffs across the country, which have taken a disproportionate toll on minorities. Or maybe it's the fact that the United States recently elected its first minority president. It almost certainly has something to do with the stimulus package that is poised to pump hundreds of billions of dollars back into the clogged arteries of the economy. Whatever the case, the division of the federal Small Business Administration that specializes in helping minority-owned small businesses secure government contracts is abuzz with citizen inquiries.


Small Business Group Claims Victory Over Feds On Contracting Suit

A small-business advocacy group is claiming victory over the federal government in a yearlong case in which the feds have allegedly cheated small businesses out of billions of dollars worth of government contracts. The advocacy group, called the American Small Business League, says the feds -- which were appealing an August ruling in favor of the league -- have "capitulated" by failing to deliver an appellate brief by the Wednesday deadline.


Small Businesses May Find Health Insurance Relief Through Bipartisan Bill

A bill introduced this week by a bipartisan pair of Congressional lawmakers would allow small businesses and self-employed individuals burdened with the high cost of health insurance to pool their resources for the purpose of negotiating better rates for their employees or themselves.


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Ana Madan Puts a Brighter Sheen on the Golden Arches

You might agree with Ana Madan's refrain that ketchup runs in her veins. The 49-year-old entrepreneur owns and operates six McDonald's restaurants in Northern New Jersey. Correction: high-volume McDonald's restaurants. Meaning busy. Meaning successful. True, she may have had a leg up of sorts. Her father, Roberto Madan, became a McDonald's owner/operator in the late 1970s, while Ms. Madan was a teenager. But in those days she never pictured being a McDonald's career woman.

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