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March 2016

New Commerce Study Shows Women-Owned Businesses Making History but Still Significantly Less Likely to Win Federal Contracts

On Wednesday, March 2, the Small Business Administration (SBA) announced that for the first time, the goal of ensuring that women-owned businesses are awarded at least five percent of the federal government contracts for which they are eligible has been reached.1 SBA celebrated the news but noted that it plans to build on this achievement, as women-owned businesses are still under-represented when it comes to winning government contracts.

BEA Data Provide a Look into America's Shopping Carts

Consumer Spending GraphicAmerica's consumers spent more than $12 trillion last year on all kinds of stuff, including new cars, furniture, clothes, groceries, beauty products, electronics, visits to doctors and dentists, and tickets to sporting events and movies.

The Bureau of Economic Analysis produces a slew of data on what people buy and how much they spend.  It's a critical piece of economic information.  Consumer spending is a major shaper of the overall U.S. economy, accounting for more than two-thirds of GDP.  Beyond that, the statistics can help entrepreneurs and other business people make more informed decisions, offering insights into shoppers' buying behavior.

Natural Capital Website Unveiled Following Conclusion of Business Roundtables

Commerce Department Chief Economist Ellen Hughes-Cromwick Unveils Natural Capital Website at National Summit hosted by World Bank.The U.S. Department of Commerce created and unveiled a natural capital website to provide resources and information to businesses seeking to incorporate natural capital into their planning and operations. Natural capital refers to the Earth's stock of natural resources – air, water, soil, and living resources – that provide a range of goods and services on which the global economy depends.

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