Free Small Business Grants for Small Businesses in Washington D.C.

If you are running in a small business  in Washington, D.C. looking for some grants, you way want to check this out. The SBA funded Washington DC Small Business Development Center Network (DC SBDC), which is has been established to promote innovation, growth, and expansion  of small business owners in Washington DC, provides free counseling and low cost training to the small business owners and their managers through their network and its partners thereby enhancing the business success. Read more of this post

U.S. Venture Investment Hits Highest Level Since 2008


Venture capitalists invested $7.7 billion into U.S.-based companies during the second quarter, total of 744 deals,  the highest quarterly total since the third quarter of 2008, according to new statistics released by Dow Jones VentureSource.

The quarter’s 744 VC deals was a 13% increase from the prior year, while the capital invested rose 26%.

The second quarter’s deal count represents a 13% increase from the 656 deals closed during the same period last year, and capital raised is up 26% from the $6.1 billion invested in the year-ago period. Read more of this post

As One Door Opens for WiMAX, another Door Closes


According to a new report from In-Stat, the WiMax technology is facing increased competitive pressure that could hamper any further growth.

In their report, “Global WiMAX Subscribers, Base Stations, and Revenues,” In-Stat noted that the future for WiMAX is a “mixed bag” as other wireless technologies vie for market share. “In the past year, there have been positive developments in consumer devices, including smartphones that use WiMAX for data but revert to 3G airlinks for voice. On the other hand, in many regions regulators are postponing spectrum auctions; and several major digital communications companies are reducing their commitment to WiMAX or leaving the space altogether.” Read more of this post

Federal IT Spending to Reach $112 Billion by 2015


Federal information technology spending is expected to grow from $86 billion this year to $112 billion in 2015, according to a new report from Reston-based INPUT.

The figures run contrary to several other industry groups forecasting negative growth in the government contracting market. Historical spending data shows that the government, which typically receives more funding than requested, continues to invest in IT despite its fiscal circumstances.

Factoring out the drawdown of census- and stimulus-related spending shown in the FY 2011 IT budget request, we see moderate budget growth.

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Executives’ Outlook Positive for the First Time Since Crisis


For the first time since the start of the financial crisis, sentiment among U.S. senior executives about the next year’s economic outlook has crossed into positive territory, according to a new survey by the Arlington-based Corporate Executive Board (CEB).

Seventy percent of the 400 executives interviewed as part of CEB’s quarterly Business Barometer said that they expect their companies’ revenues to increase, with most (54%) expecting growth in excess of 5% over the next 12 months. While 64% anticipate greater cost pressures, most believe they’ll remain minimal. The barometer currently stands at a reading of 51, compared with 49 last quarter and 43 in the fourth quarter of 2009.

While modest, the improvement in executive sentiment is a positive sign that confidence in the recovery is growing as business fundamentals continue to improve.

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E-Commerce Spending Increased 10% in the First Qtr 2010


U.S. online retail spending soared 10% to $34 billion in the first quarter — the largest quarterly jump in nearly two years by upper-income consumer spending – the largest increase in spending since the second quarter of 2008,  according to comScore.

Key first-quarter highlights are: Read more of this post

Economic Recovery Not Far Way


by Elias Shams
As a serial entrepreneur, I’m excited to share some data I just read on Dow Jones. Looks to me  economic recovery – in particular in tech sector, is not that far way. As private equity investment has been going down, venture capital funding has been going up:

Throughout 2009, funds for early-stage companies and multi-stage funds saw significant growth — optimistic signs heralding the return of venture capital. Funds fluctuated from quarter to quarter last year, but the year still ended strongly and Q1 2010 is robust compared to the beginning of last year. see more…

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