Labor & Economic News Blog
Wednesday, February 03, 2010
Budget 2011: Industry Clusters as a Paradigm for Job GrowthBudget 2011: Industry Clusters as a Paradigm for Job Growth
The Obama administration’s FY2011 budget request unveils several proposals to support regional industry or innovation “clusters” through multiple federal departments, which could put the U.S. on par with other nations in providing support to these systems of business development.
Bakery Holding Its Own After Cutting WorkforceBakery Holding Its Own After Cutting Workforce
Outside Boston, the Dancing Deer Baking Co. sells all kinds of cookies and brownies to restaurants and stores. Last year, during the worst of the recession, the owner had to lay off some of the employees. Would the bakery be helped by President Obama's efforts to get banks to loan more to small businesses?
Tuesday, February 02, 2010
In California, Small Businesses Hit By 'Perfect Storm'In California, Small Businesses Hit By 'Perfect Storm'
Tight credit, falling home prices and high unemployment contributed to a high bankruptcy rate among small businesses in the state. Keanyn and Estella Gray know all too well that owning a small business in California is hardly smooth sailing.