Business Law News Headlines

Department of Labor and Small Business Administration Partner to Support People with Disabilities

The SAM, entitled “The New Freedom Small Business Initiative”, is designed to assist adult workers in acquiring the skills and resources they need to successfully begin and operate a small business and to educate small business owners about hiring people with disabilities. It will accomplish this by encouraging people with disabilities to pursue small business ownership, provide them with technical assistance, and encourage small businesses to hire people with disabilities. The Initiative will also build the capacity of the workforce system to serve people with disabilities and support their entrepreneurship through economic development and the coordination of small business activities among Federal departments.

“Today we celebrate another milestone that builds upon the President’s New Freedom Initiative,” said Secretary Chao. “This strategic alliance memorandum creates a new partnership that will benefit small businesses, people with disabilities and ultimately, our country as a whole.” She added, “The timing for this initiative could not be better. More Americans, especially women, are launching themselves on the road to entrepreneurship than ever before. We want to ensure that people with disabilities have full access to this path to financial independence, which has proven so rewarding for so many Americans.”

SBA Administrator Barreto said, "Today is an important step forward in an ongoing mission to ensure that the door to the American Dream is wide open to all Americans. The small business community can't afford to be without this group of Americans, and encouraging people with disabilities to become part of the most powerful segment of our economy is more than just the right thing to do, it's the
smart business thing to do."

Assistant Secretary Roy Grizzard, who heads DOL’s Office of Disability Employment Policy, said “Through this collaboration, people with disabilities will be able to launch successful entrepreneurial careers and also be recognized as an exceptional pool of talent available to small business owners.”

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	Did You Know?
	Business Plans can be a major dipute an a small business A business plan contains all the information about your business: name, location, number of employees, how the business is organized, management team, the business's purpose, products and/or services and how they will be rendered, target markets, equipment needs, and any other pertinent information.