Austin Texas Small Business News

Here’s some small business news you might have missed. Lots of interesting stuff going on in central Texas!

Austin is home to Square Cow Movers, who recently were recognized as the 9th fastest growing small business in the central Texas region. Owner Wade Lombard was gracious when he was notified about the rank. “We congratulate everyone who made the list this year, it’s quite an achievement.” Find  out who else made the list.

Xeris Pharmaceuticals, a biopharmaceutical development company  started a Phase 2 clinical study of its liquid, injectable treatment for severe hypoglycemia, which is often a condition associated with diabetes. The Texas Diabetes Institute is working with the company. “We are very excited to be collaborating with Xeris on the soluble glucagon clinical trial here at the Texas Diabetes Institute in San Antonio,” said Dr. Ralph DeFronzo. “A product combining a stable glucagon with a patient-friendly, auto-injector pen is a major advance in the treatment of severe hypoglycemic events.”

You may be seeing more delicious chocolate around Austin if Delysia Chocolatier’s public funding-raising campaign is successful. The local candy maker is raising funds to build a production facility and education center. The effort to attract investors is being run on Kickstarter, a crowdfunding website.

Telecom technology maker Freescale Semiconductor earned a contract to provide a signal processing product that is essential for a 4G wireless communication platform. The company was selected by ZTE Corporation, a global provider of telecom equipment. “This project continues the successful track record that ZTE and Freescale have established in collaborating to create world-class wireless infrastructure solutions,” said Tareq Bustami, vice president of product management for Freescale’s Digital Networking business.

Finally, we found out that earlier this month the Small Business Administration announced that its government-backed lending activity increased 32% in the north Texas region. The agency backed over $813 million in loans in the district, which is home to 915,000 small businesses. A recovering economy was a factor in the rise.