ratiomoney

© Images_of_Money

On the typical fund raising pitch for the startup of businesses Austin tech incubator Capital Factory is organizing an event "ATX in NYC," It is especially to raise fund by selling ideas for the start up of new business. There are 16 Austin companies which are heading to New York within a week. It expects to draw a couple of hundred attendees, including angel investors and venture capitalists. Such events for new startup business are frequent happenings in Austin, hosted by groups like the Central Texas Angel Network, Texas Entrepreneur Network and TIE Austin. Greenling Organic Delivery, which delivers organic produce and other goods to area customers, is making the trip to raise money to startup their expansion at national level has already raised $1.5 million from angel investors previously.

By tracing borrowings of US small businesses and collecting real time information from more than 250 US capital equipment lenders, PayNet recently revealed that the PayNet Small Business Lending Index increased from 18 percent in August to 14 percent in September. The index represents the overall volume of finance provided to the US small businesses. The increased borrowing reflects that the small businesses have better financial conditions to facilitate trading requirement, to expand production facilities and increase employment opportunities. The borrowings had dropped down tremendously in 2008 and 2009 owing to the hit of recession. The double digit growth rate, despite the 9.1 percent unemployment rate in the US, clearly indicates the signs of revival of the overall economy and turning back to roads of stability.

© Images_of_Money

Intuit has recently reported its Small Business Employment Index, a study conducted over the period from September 24, 2011 to October 23, 2011. For the study, small businesses with less than 20 employees that use Intuit Online Payroll have been taken as the sample population. The research represents three categories: small business employment, compensation and number of hours worked. According to the research findings, small business employment increased by 0.14% in October and generated 30,000 new jobs. The study revealed that despite this annual growth of 1.7%, a decrease of 0.2% in number of working hours indicated that the employees are working for lesser hours and the declined in compensation by 0.06% showed less income for them. Clearly, the soft labor market indicates that the small businesses have been victim of the European economy downfall and the Greek bond default.