Friday, March 2, 2012

Small Business Grant | "Federal grant money to pay for big city project"

By : Richard Irby
Source : http://www.areawidenews.com
Category : Small Business Grant


An old, deteriorated sewer line, which runs along Town Creek in Salem, is going to be replaced thanks to a $500,000 federal grant, which has been approved by the Arkansas Economic Development Commission. The project will also include improvements to the city's sewage treatment plant. Construction is to begin this fall. Photo by Richard Irby [Order this photo]

A grant the city of Salem applied for in 2010 because of a storm which occurred in 2008 has finally paid off in 2012.

At the Feb. 23 Salem City Council meeting, Mayor Gary Clayton announced that approval has come through for a $500,000 grant to pay the full cost of a major sewer system improvement.

"I have in hand a grant agreement from the state of Arkansas, which I have signed," the Mayor told the council. "We have also received a letter from Economic Development authorizing us to begin incurring expenses for this project. They also issued a letter giving us permission to use our engineers, rather than bidding our engineering process."

That means the Arkansas Economic Development Commission, which awards and distributes federal grant money, has cut red tape and given a green light for the project.

The project calls for repair and improvement to the sewage plant's two oxidation lagoons, the final process to remove solids from treated sewage.

According to Public Works Director Bill Worsham, the levee between the two ponds was damaged when heavy rain, produced by remnants of Hurricane Ike, flooded the lagoons in 2008.

Under the grant, erosion damage will be repaired and the levy will be reinforced.

The project will also replace an old sewer line which runs along the Town Branch, starting in back of the Dollar General Store, running through town, and past Preacher Roe Park to the treatment plant.

The sewer line is deteriorated, allowing storm run off to infiltrate the line and overload the treatment plant during heavy rain.

A schedule for the project calls for initial engineering work to begin right away.

"As soon as this (signed agreement) is back in Little Rock, we'll start the engineering work and the environmental review process. The plans and specifications are to be submitted by June 1," the Mayor said, as he outlined the construction schedule.

"We're anticipating advertising for bids by July 1, having a bid opening and awarding the contract on Aug. 1," the Mayor said. "Construction will start on Sept. 1. We're anticipating construction to be completed by Jan. 1 of 2013."

The project was originally projected to cost $486,000, but the final grant approval is for $504,054, when design work and administrative costs are added in.

"This grant agreement has already been signed off by Michael Gaines, who is Executive Director of the Arkansas Economic Development Commission, and I have signed it so, for all practical purposes, we are in business," the Mayor said.

The city has worked with Engineering Services Inc. of Springdale since making the first application for the grant in 2010. Cassie Elliott, a private consultant, will work with the city and Engineering Services to oversee the administration of the project, to make sure federal policies are followed and money is properly spent.

Elliott, who held a public hearing about the project before the January council meeting, said the city was fortunate to be in the running for the large grant.

"This is one of the bigger ones (grants) I've worked on," Elliott said. "These don't come along every day, that you get 100 percent on $500,000."

Following a long wait after applying for the grant in 2010, the city was informed in 2011 that its application had not been approved for funding. So, it was a surprise when, late last year, the state contacted
Engineering Services to suggest the application should be resubmitted, because some of the federal funding to address Hurricane Ike damage had not been allocated, and the Salem project ranked high in the first round of funding.

After the council meeting, Mayor Clayton said the $504,000 grant may be the largest the city has ever received.

Clayton recalled that the city received a $400,000 grant years ago to build city hall and the fire station, and $300,000 to run commercial sewer and water lines to the Salem Industrial Park.

"This is a real break to get this grant, because the improvements need to be done, and we would have eventually had to finance it all by ourselves," the Mayor added.

Worsham reported, this month, that public works crews cleaned the levee area between the two sewage lagoons, in preparation for the work to reinforce the levee.

There was no other formal business on the city council agenda.

Mayor Clayton reported that January sales tax collections were three percent above figures from January 2011.

Considering January is usually a slow month for sales tax collections, Clayton expressed hope the early 2012 figures are a sign that a good year is ahead for local businesses, who help fund city government through sales tax revenue they produce.

The next Salem City Council meeting is scheduled for March 22 at 7 p.m. at city hall. The public is invited to attend.

Source : http://www.areawidenews.com/story/1821276.html

Thursday, March 1, 2012

Small Business Grant | "Entrepreneurs and small businesses can apply for subsidized business support"

By : Sara Glafcke
Source : http://www.hollandsentinel.com
Category : Small Business Grant


The Michigan State University Bioeconomy Institute is offering a range of subsidized business support and chemical production scale-up services, funded through a grant from the Economic Development Administration.

Companies are invited to apply for support in developing emerging green technologies.
Support services offered through the i6 Green grant include market assessment assistant, grant writing aid and product, service and brand evaluation.

According to a recent press release, Director of the BioBusiness Accelerator for Lakeshore Advantage Randy Olinger stated, "Applications for specific
services, such as industrial-scale chemical pilot plant scale-ups, are already being accepted. We welcome all inquiries, as well as indications of needs we should address in the future."

Source : http://www.hollandsentinel.com/communities/holland_area/x1814919800/Entrepreneurs-and-small-businesses-can-apply-for-subsidized-business-support

Small Business Grant | "Research and Development Grants for Small Business and Post-Secondary Collaboration"

By : Bernadeen McLeod, Mentor Works, Ltd.
Source : http://www.businessinsider.com
Category : Small Business Grant


It is essential for most businesses to partake in some form of research and development in order to allow their business to grow and expand into new markets. However, R&D projects often require a great deal of equipment and expertise in order to yield promising results. In some cases, Canadian SMEs do not have access to the equipment or expertise required for the projects they undertake which is why the Canadian Government has released several business funding grants for research collaboration with post-secondary institutions.  For the majority of these grants, the business will have to approach an eligible research institution with a proposed project or issue. The partner research institute will then manage Canadian Government funding which in some cases has to be matched by the participating business through cash or in-kind contributions.

Source : http://www.businessinsider.com/research-and-development-grants-for-small-business-and-post-secondary-collaboration-2012-3

Small Business Grant | "Small business spotlight: Google nets trainer clients"

By : Christine Snyder
Source : http://www.detroitnews.com
Category : Small Business Grant


Fitness was always the cornerstone of Laura Cepuran's lifestyle. When the Northville mother stayed at home to raise her children, exercise was a constant, and she helped friends achieve fitness goals, as well.

When Cepuran decided to look for employment, she landed a job as a certified trainer at a fitness club.
So when she decided to start her own home-based business five years ago, it was only natural she would do so as a personal trainer. But like many small business owners, she had a hard time getting it off the ground.
"My business was sort of hit or miss for a while," said Cepuran, who dubbed her business Train With Laura. She said she had difficulty getting the attention of customers. She put fliers on mailboxes and gained most of her clients through word of mouth.

After some months, there would be no clients at all.

That's when Cepuran had a breakthrough that promises to stop her company from becoming one of the 49 percent of new small businesses that close within five years, according to the Small Business Administration.
At the suggestion of her husband, she started a website. She then received another tip to advertise on Google.

"That's when my business started taking off," said Cepuran, who said she is now "as busy as I want to be," and has as many as 12 paying clients in a month.

Cepuran said she typically trains clients twice a week — three times for large weight loss goals — and once a week after a goal has been reached.

Cepuran provides a free initial consultation and has a fully equipped fitness studio in her home. She also will train clients in their own personal gyms.

"I knew what Google was, but I didn't realize a little person like me could use them to advertise," said Cepuran, 48. "Younger people are more technologically aware, but when I want something, whether it's a hair stylist, or massage therapist or dentist or whatever, I Google it."

So do most of her clients. When asked how they found her, the vast majority tell her they Googled "personal trainer" in the Northville area, and her website comes up.

"I like that most people that come to me have already made up their minds," Cepuran said. "They were looking for a personal trainer in their area."

Internet giants such as Google can give smaller companies a lift.

"The key here is, for any small business, it (Google advertising) gives a small business a big reach," said Mike Miller, head of Google Inc. in Michigan.

Small businesses can control how much they want to spend on advertising and can adjust the amount if needed for different seasons, Miller said.

"The benefit is it gives small businesses an easy and very cost-effective way to advertise online," he said. "For a business like Laura's, she can pick a specific target area for her ads to show because she is providing a service very local in nature. If someone were running a business that was global in nature. They would have the ability to advertise both nationally and globally."

Cepuran said she is thrilled with the growth of her business, and her career is exactly where she wants it to be.

"I'm a caring, nurturing person, and I like to coach and help people," she said. "It's a very rewarding job. People tell me that I've changed their lives. That's great if I can have that impact and make people healthier."

Source : http://www.detroitnews.com/article/20120301/BIZ/203010352/Small-business-spotlight-Google-nets-trainer-clients?odyssey=mod|newswell|text|FRONTPAGE|s

Small Business Grant | "Small business now tapping into digital market "

By : Claire Heaney
Source : http://www.news.com.au
Category : Small Business Grant

VICTORIAN small businesses are leading the country in embracing digital advertising to build their businesses.

More than 65 per cent say they use online directories, websites and social media to attract new customers. Tasmanian businesses lag behind with just four in 10 saying they understand the digital opportunities available.

The research, included in the Sensis Business Index released next week, reveals women are more likely to use digital advertising than men and city businesses had a greater take-up than those in the country.

Nearly seven out of 10 hospitality-related small businesses say they use digital advertising to get customers.
The take-up by communications, property, business, finance and insurance services was also high.

Most businesses use digital advertising to drive sales leads. A quarter are building brand awareness and others use it to maintain relationships, educate customers or increase their visibility.

Simon Betschel, Sensis group manager for emerging business and innovation, said, nationally, 41 per cent of businesses had not tried to increase their understanding of digital advertising in the past year.

THE research comes as the Telecommunications Industry Ombudsman reported it received more than 22,000 complaints in the last financial year from small businesses unable to resolve issues with telcos.

Source : http://www.news.com.au/business/your-business/small-business-taps-into-digital-market/story-fn9evb64-1226285808965

Small Business Grant | "Small businesses benefit from group RRSPs"

By : Kim Inglis
Source : http://business.financialpost.com/
Category : Small Business Grant


A recent study by BMO Financial Group found that 51% of small business owners plan to fund their retirement through the eventual sale of their businesses, while 49% admitted to having to choose between contributing to their RRSPs or investing in their businesses.

Putting all the retirement eggs into the company basket has risks. The valuation of a business can fluctuate considerably over time; the business may hit a down cycle just when the owner is nearing retirement or, even worse, it could fail. A personal financial plan, reflecting retirement goals, should accompany an owner’s business plan.

One easily structured retirement plan is the group RRSP.  Business owners can establish group RRSPs that in turn benefit themselves as employees.  Group RRSPs are employer-sponsored retirement savings plans wherein the company makes contributions to an RRSP on the employee’s behalf within individual contribution limits.  Contributions are deductible by the company and reportable as earned income by the employee, who then receives a tax deduction for the contribution.  Group RRSPs are creditor-proof, providing additional security for the owner should something catastrophic happen to the business.
Group RRSPs are an easy way for small business owners to build retirement savings and provide some benefit for the company too. Included as a part of a total compensation package, group RRSPs add appeal for prospective employees.  They may also help control payroll costs when re-assessing the overall salary picture.

Another option is the Individual Pension Plan (IPP).  IPPs are highly specialized, one-person defined benefit pension plans achieving pre-determined retirement income streams by using tax-deductible contributions.  Allowable contributions are generally higher than for RRSPs, enabling tax-free growth of a larger pool of retirement assets.  IPPs are typically used by business owners, incorporated professionals and executives over the age of 45 who have an annual income exceeding $100,000.IPPs offer advantages such as higher tax-deductible contributions and tax sheltering of asset growth. An added bonus is that the assets are 100% protected from creditors. IPPs allow for past service funding, and, if an individual retires earlier than 65, a terminal funding contribution can be made to provide further retirement benefits. Essentially, the IPP offers the small business owner a chance to have the kind of defined benefit income security enjoyed by executives in large corporations.

Small business owners often use Retirement Compensation Arrangements (RCAs) because they provide income greater than traditional registered plans. Contributions are made to RCAs by the business to a custodian on behalf of an individual such as the business owner.  Half the contribution is deposited with the custodian and is invested, while the other half is deposited with the Canada Revenue Agency in a Refundable Tax Account (RTA).  Additionally, half of income earned in the custodian account is directed to the RTA.

When the business owner eventually receives the benefits, 50% is fully taxable and the other 50% comes in the form of a refund from the RTA.  Taxes paid on the benefits are often lower though, since taxable income tends to decline upon retirement.

Entrepreneurs should be as diligent with retirement goals as they are in developing business objectives.  And, just as they value advice in business, they should seek professional guidance to ensure their retirement plans are the best fit for their personal and business needs.

Kim Inglis is an investment advisor & portfolio manager with Canaccord Wealth Management, a division of Canaccord Genuity Corp. www.reynoldsinglis.ca. The opinions expressed in this column are her own.
  • Source : http://business.financialpost.com/2012/02/29/small-businesses-benefit-from-group-rrsps/

Small Business Grant | "Free Tourism Business Briefing"

By : My Sunshinecoast.com.au
Source : http://www.mysunshinecoast.com.au
Category : Small Business Grant

As a Noosa and surrounds tourism operator or a business that depends on or is associated with tourism, you will know that the last year or more have been amongst the most challenging ever experienced in this region and no matter how small or large your business, survival has become ever more challenging.

We also know and appreciate that you are very busy running your business, possibly some of you working day and night keeping you businesses afloat, but the good news is that help is at hand, with CelticaConsult and Lumenal, two of Australia’s leading management consultancies having joined forces with the Noosa Chamber of Commerce, to help you through this FREE briefing.

No, this is not just another seminar or workshop that simply takes up your valuable time and only creates more work for you, but real, practical help for you in your business, with in this Free Briefing, John Alwyn-Jones of CelticaConsult from his extensive international and Australian private and public sector tourism industry experience, providing ten top tips to help you manage your tourism business in an economic downturn and Alan Whitley, from his recognised market leading management consultant and grants background, giving you an exciting, very valuable and free insight into how your business can access those illusive government grants.

It gets better....... in the days after the briefing, Alan and John, if you wish and for a limited time, will also meet with you and provide you with a free, confidential review of your business and assessment of your eligibility across the around 600, yes we did say around 600, State and Federal government grant, subsidies, concessions and support programs that you can’t afford to miss accessing, to give your business a competitive advantage?

I am sure you will be amazed to hear that an amazing over $5bn worth of grants and support are provided by government each year, primarily to small and medium enterprises, yet we are sure the first question that comes into you mind is why you are not receiving any, with very few businesses aware of their entitlements,……………yet the Queensland Tourism Industry and especially on the Sunshine Coast, is in a very favourable position indeed, being eligible across more programs than any other industry sector.

You will be interested to hear that our recent briefing in Maroochydore resulted in several businesses being given advice and support and securing substantial government funding in the region of $360,000, with around $200,000 already signed off, with the operators receiving this funding including businesses in marine and aviation tourism, accommodation, spas and wellness, tour operations, cycling,  transportation and entertainment….and more!

This funding is a very substantial boost to the tourism industry in the region, with many of these business small and simply not having the time or skills to strategise or manage their business effectively, nor apply for the plethora of government grants available, especially in a downturn, which is where we come in and hence they will survive and not fail.
This level of government funding and potentially, even more is available to businesses in Noosa.
By attending this FREE briefing you will be able to access free tips on managing your business, programs that will help grow your revenue and profits, support to assist you with your business challenge, discover how to secure free or subsidised professional business advice and mentors, where and how you can secure funding for capital investment and also support for development and commercialisation of new products or services

Free Tourism Business Briefing
Where: Trio’s on the River, Noosa Marina, Tewantin
When: Monday 12 March 2012 from 5.30pm
How much: FREE

RSVP: Places for the briefing are limited, so please respond as speedily as possible to secure yours by email to: Lyn Alwyn-Jones, Managing Director, CelticaConsult Pty Ltd at lyn@celticaconsult.com, giving your name, business name contact number and email address.

Source : http://www.mysunshinecoast.com.au/events/events-display/free-tourism-business-briefing,46749,65183