The Penn Hills Charter School of Entrepreneurship provides a hands-on, engaging program designed to bring entrepreneurial and economic concepts alive for students. The lessons related to the Pennsylvania Core Curriculum of English Language Arts, Mathematics, Science, and Social Studies incorporate the basic economic and entrepreneurial concepts for the students. These are the future leaders of small business in the community who start learning Entrepreneurship in Kindergarten!
Kourney Post started Bakety Bake in 2018, just after having her 4th baby as a way to earn extra income and be creative. It began as a home-based bakery, where she sold custom decorated sugar cookies. After baking and decorating thousands of sugar cookies, she found the market was really lacking a meringue powder for making royal icing that was easy to use and didn’t taste like cardboard. After months of experimenting in her home kitchen, she developed a recipe for meringue powder that quickly became a staple in her cookie business. She started selling her meringue powder to local bakers, and then connected with a cookie-based Facebook group, where her sales suddenly and dramatically increased literally overnight. She quickly outgrew her home kitchen and had to find solutions to make larger quantities faster. Sales grew from $2,000 to $100,000 within a year.
Beneficial Ownership Information (BOI) reporting began January 1st, blindsiding millions of business owners. The United States government expects to receive more BOI reports in 2024 than business income tax returns. That’s right – despite almost non-existent public awareness of the Corporate Transparency Act (CTA), the law giving rise to BOI reporting in 2024 has broader-reaching implications for millions of businesses nationwide than their IRS tax filings. Delinquent filers may face substantial penalties for missing the reporting deadlines, some of which have already passed.
To help spread awareness among its advisors and mitigate risk with streamlined filing for its members, America’s SBDC has partnered with FileForms. As BOI awareness begins to spread, a few statistics that small business advisors must know:
In 1983, the first Disadvantaged Business Enterprise (DBE) provision was enacted by Congress, requiring the U.S. Department of Transportation to ensure that small disadvantaged businesses must be included as suppliers on federal, state, and local infrastructure contracts. Since then, the policy of helping socially and economically disadvantaged minority, woman, veteran, and disabled owned businesses has expanded.
A 2017 Transportation Act made it a requirement for any government contractor to spend a certain percentage of dollars on diverse suppliers for road, railroad, and other infrastructure projects.
It was this requirement that essentially sent Matthew Reed, President of JCR Construction on the path to create DBEsearch.com. JCR Construction is a utility contractor who builds power lines for various utility companies in the Northeast.