If your first thought when hearing the phrase “government information,” is a stack of boring, bureaucratic reports, you’re not alone. There’s more to government information, however, than you may realize. Several government agencies regularly produce valuable business intelligence and the James J. Hill Center can direct you to some underutilized gems.
If you’re exploring a new industry, the U.S. Census Bureau should be your first stop. The Census does far more than count people; it counts businesses as well! The Economic Census run every five years and collects data at the sector and industrial level along with information about business expenses and industrial growth. The 2017 Census is scheduled for release soon, so keep an eye on that space for the latest information.
Interested in gleaning public company data from the web? Check out the SEC’s EDGAR search tool. Located on the U.S. Securities and Exchange Commission website, this tool allows users to pull certain mandated reports for public companies. These include annual reports (10-K), quarterly reports (10-Q), and special announcements (8-K) along with a variety of other documents. If you’re interested in getting the nitty-gritty information on publicly traded companies, using EDGAR can trim down your time spent searching company websites for glossy annual reports.
Want to learn more about government information and how it pertains to your business? Check out the Hill’s Research Boot Camp series. This accelerated class combines government and subscription database information for a 360-look at how business information is gathered and more importantly, how you can use it to succeed.
Written by Jessica Huffman, Business Outreach Librarian, at the James J. Hill Center. If you have more questions about the reference library at the James J. Hill Center please contact 651-265-5500 or [email protected].
For startups, financing can be challenging, and often the biggest barrier. Each month we’re focusing on a different financing option in Minnesota for startups and featuring experts in the field.
From innovation, entrepreneurship and commercialization, America’s Seed Fund has helped startups and small businesses transform their ideas into marketable products and services. America’s Seed Fund focuses on high-risk, high-impact technologies — those that show promise but whose success hasn’t yet been validated — and each year, nearly $2.5 billion in non-dilutive funding are available from the congressionally mandated programs – Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR). These programs support commercialization of technically risky ideas with research interests and budgets varying among the 11 federal participating agencies.
MN-SBIR, a program of the Minnesota High Tech Association, is the State’s focal point to assist seed, early stage, emerging and existing firms (1-500 employees) to successfully access funding through the SBIR/STTR programs. MN-SBIR’s goals are to foster innovation and help create businesses and jobs in Minnesota. MN-SBIR assists companies with proprietary technology, which refers to technical innovations that are unique and legally owned or licensed by a business, including innovations that are patented, patent pending, a subject of trade secrets, or copyrighted across the spectrum of science, technology and engineering, and multiple industrial sectors.
MN-SBIR provides outreach, education and coaching to companies to research, develop and commercialize world class technologies for social and economic benefit. MN-SBIR is funded in part through a Cooperative Agreement with the U.S. Small Business Administration, Minnesota Department of Employment and Economic Development, University of Minnesota, Office for Technology Commercialization and the Minnesota High Tech Association. To learn more click here: Minnesota High Tech Association.
Ms. Pat Dillon is the director of MN-SBIR. She is responsible for the strategic direction and leadership and its services to seed, startup and small businesses in Minnesota. Dillon has consulted with hundreds of businesses to support technology innovation and commercialization in science and technology sectors important to state and national economies.
For more information about MN-SBIR please visit the website or follow them on twitter @MHTA.
James J. Hill Center has been supporting Minnesota innovators for 96 years by connecting business, entrepreneurs and community to research, knowledge and network. According to the Bureau of Labor Statistics, firms less than one year old created 1.7 million jobs, or 60% of total employment growth, in 2015. More than half these jobs were from firms with fewer than 10 employees. The startup companies we support are involved in a variety of industries including technology, retail, healthcare, food and beverage, education and more.
On August 1, 2017, members of Congress have been invited to celebrate the ingenuity and entrepreneurship taking place right in their own cities. Startup Day Across America connects elected officials with startups in their communities so they can learn about the challenges new companies face and meet the business leaders building the future.
This bipartisan, bicameral effort also raises awareness and helps generate support for startup communities across the country. Last August marked the third annual Startup Day and Minnesota’s Senator Al Franken participated.
Each startup organization has withstood the challenges and obstacles of entrepreneurialism, and many continue to grow, foster job creation and improve our economic ecosystem.
August 1st is an important day for all entrepreneurs – successful, new, struggling or persevering. This is a time when you get to show them what is needed, what steps should be taken and what change needs to be made. This is a time for your voice to be heard and celebrated.
If your startup is interested in participating, contact your local representative and request a visit. Work with Startup Day 2017 and make it happen. We don’t get opportunities like this all the time.