For mine: A reading light with a remote-control timer. We read a story together, brush teeth, then they get 10 minutes of independent time with their own storybook. But kids vary, so good luck.
This coalition seems to want both research and physical infrastructure across many process nodes. Fabs are expensive, so I hope Assembly-Test-Mark-Pack gets a look too. Not sure what happens to research IP sourced from domestic investment, or how this doesn’t overlap existing defense supply chain efforts.
From their letter: “Manufacturing incentives funded by Congress should focus on filling key gaps in our domestic semiconductor ecosystem and cover the full range of semiconductor technologies and process nodes – from legacy to leading-edge – relied on by industry, the military, and critical infrastructure.”
So... give us your semiconductor ecosystem gap analysis, SIAC :)
Source: Former semiconductor analyst / planner when domestic fabs went out of style.
The SBA statistics are sobering.
46 days for application, 24% approval per slides.
In my experience, asking for $50k was harder than $350k and a large distraction. Vendor financing and credit cards filled the gaps.
IME if you needed capital, you weren’t approved for capital.
If you were cash flow positive with solid income and 2 years of operating history and tax returns, you could put up collateral and refinance at a lower rate.
Over ~5 years I was denied ~5 times, discouraged from applying ~3 times.
I was approved once after several years of track record with a co-signer pledging a property with 100% collateral.
That small business (exited 2019) would have really struggled to survive right now. It would also be a difficult time to ask friends, family or spouse to help.
I wish I had a better policy suggestion to offer; it's a hard problem. Good luck to all small businesses out there, I’m pulling for you.
I worked with commercial loans and SBA stuff is difficult to get simply because it's hedged on risk. If you need an SBA loan to expand being a landlord and you have a year experience, yeah you might get it. If you just bought a new business and you have no experience with it, you may get denied.
They look for essentially a business plan that has been thoroughly thought out. It sucked for us because we had to report EVERY DAY someone missed their payment until it was paid. The SBA gives a decent rate for what it risks, but they are an unmovable force. You cannot explain to the the situation or what. Follow the terms to a t or get yanked.
I think it informs ideas about what branches, soldiers, civilians, and contractors do. Once you track where the money goes there are practical ideas to reduce defense spending, as well as dispassionate pros/cons of what’s been tried in the past.
not sure about the inventory taxes here, but property tax in general basically serves as the 'income tax' of texas from a state revenue perspective. which is, 'interesting' for a variety of reasons.
