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Reader Feedback: Savings plan good for small businesses

Denver Business Journal
Topics:
Retirement

Colorado lawmakers are considering a bill that would establish a publicly administered retirement savings plan that is available to private-sector workers. I support the Secure Choice Savings Plan because it would give more options to small firms like mine that struggle to offer retirement benefits.

Since my landscaping business is not currently able to offer retirement benefits, it is sometimes difficult for us to compete in a crowded marketplace when trying to hire potential employees—especially those who would serve in management roles.

Retirement benefits, however, don’t...

Bill to create mandatory paid-family-leave program gets Colorado House approval

Denver Business Journal
Topics:
Family Medical Leave

A proposal that would require businesses across Colorado to participate in a state-run, employee-funded paid-family-leave system received approval from the Colorado House for the first time on Friday, moving to the Senate on a Democratic-led party-line vote.

House Bill 1307 — the third iteration in the past four years of the FAMLI program, sponsored this year by Democratic Rep. Faith Winter of Westminster — assesses fees on employees statewide to build up a pool of revenues that could be used by workers whose companies don’t offer paid family medical leave.

Centennial...

Should home cooks be able to sell meals out of their kitchens?

San Jose Mercury News Online
Topics:
General Small Business, Entrepreneurship

It would also provide an avenue for legitimate entrepreneurship, said Mark Herbert, California director for Small Business Majority, a small business advocacy organization.

Senators Peters, Collins Introduce Bill To Help Small Businesses Applying For Federal Contracts

Public Now
Topics:
Access to Capital

'Small businesses would benefit greatly from the Procurement Fraud Prevention Act,' said John Arensmeyer, Founder & CEO of Small Business Majority. 'Many small businesses are falling victim to scams after they register with the System for Award Management to compete for a contract because they do not realize they are entitled to free registration and procurement assistance through existing federal programs. Small business owners have enough to worry about without scammers making them think they need to pay additional fees to compete, and we encourage lawmakers to approve...

Paid family leave program

Colorado Springs Gazette
Topics:
Family Medical Leave

Colorado lawmakers are considering the FAMLI Act, which would create a family medical leave insurance program for our state. Having a program like this would go a long way towards leveling the playing field for small businesses like mine and would help me attract top-level talent.

At C Enterprises, I think of my employees like family. Many of them are single moms or from low-income backgrounds, and I know that having a paid leave policy in place would be a huge financial safety net for them. But like many small employers, I simply cannot afford to offer such robust benefits on my...

Lawmakers should support family medical leave legislation

Loveland Daily Reporter-Herald
Topics:
Family Medical Leave

This week, Colorado lawmakers will vote on the FAMLI Act, which would create a paid family medical leave insurance program in our state. As a small-business owner, I know that employees need options that allow for work/life balance in a way that also makes sense for their employers.

Many small business owners agree that offering paid family and medical leave isn't just the right thing to do, but that it makes good business sense. In fact, recent scientific polling conducted on behalf of Small Business Majority found a majority of small businesses support paid family and medical...

How to Cash in on the Gig Economy

St. Louis Post-Dispatch
Topics:
Retirement, Freelance Economy

Four in 10 self-employed workers don’t have a retirement account, according to a survey from Small Business Majority. Opening an Individual 401(k), a Simple IRA or SEP IRA may be viable ways self-employed individuals can save for retirement. Even just stashing some money in your savings account monthly can go a long way. While it might be tempting to splurge now, the payout could be huge in the future.

Despite Partial Repeal, Small Business Owners Still Have Much to Fear From HB 2

Medium.com
Topics:
Non-discrimination

It’s no secret that HB 2 has been nothing short of an economic disaster for the state. PolitiFact found that the discriminatory law already cost North Carolina around $500 million and a minimum of 1,400 jobs. The Associated Press estimated that the law would eventually cost the state $3.76 billion if left in place. Given the clear economic consequences of HB 2, it’s disappointing that lawmakers made a deal in March to only partially repeal it, because that compromise could still pose a danger to North Carolina’s small business ecosystem.

Retirement programs good for business

Durango Herald Online, The
Topics:
Retirement

Colorado lawmakers may soon vote on a bill to establish a Colorado secure choice savings plan, which would allow employees to contribute to publicly-administered retirement accounts through modest payroll deductions.

This would be a huge benefit to small businesses that struggle to offer retirement benefits. My business, Pagosa Baking Co., is one of many in Colorado that simply cannot afford to offer retirement options. Providing this benefit would help with long-term employee retention and might encourage a more stable workforce in our tourism-dependent town.

It would...

Small business owners support Secure Choice

San Francisco Chronicle
Topics:
Retirement

Congress is planning to vote soon to overturn a Department of Labor rule that makes it easier to set up state-sponsored retirement programs, like the Secure Choice program being implemented here in California.

As a small business owner who’s looking forward to using Secure Choice, I’m concerned about the impact this will have on our program. I know firsthand that many small businesses don’t have the resources to set up a retirement savings account. That’s why California’s Secure Choice Program will help small businesses like mine compete with larger companies when it comes to hiring...

Benefits make more productive staff

Colorado Springs Gazette
Topics:
Family Medical Leave, Retirement

Many small-business owners disagree with your recent editorial labeling two bills under consideration by the Colorado General Assembly this year as being anti-business and a threat to good jobs. In reality, the Family and Medical Leave Insurance Act and Colorado Secure Choice Savings Plan would be great for small firms and their employees.

The act would establish a state-administered paid family and medical leave insurance program, funded entirely by modest employee contributions, that would provide workers with up to 12 weeks of paid leave to care for a family member.

The...

Benefits of the Colorado Secure Choice retirement plan

Colorado Springs Business Journal
Topics:
Retirement

Lawmakers in Washington, D.C., quietly took steps in recent months to make it more difficult for employees of small businesses to access retirement plans. They voted to end a U.S. Department of Labor rule that allows local governments to establish publicly administered retirement savings programs for private-sector workers. Fortunately, lawmakers here in Colorado have a chance to give more options to small businesses that don’t offer retirement programs by establishing a public-private partnership that would allow private-sector employees to contribute to an individual retirement savings...

Work in the Gig Economy? Don’t Miss Out on Retirement Savings

True Viral News
Topics:
Retirement, Freelance Economy

If you’re self-employed, you have many of the same options, but according to a new study by Small Business Majority, a small business advocacy group, 40% of the self-employed population doesn’t have a retirement account like an IRA or 401(k). When asked why, 38% said that they don’t make enough and another 31% said they don’t get paid regularly enough to set aside money.

Paid leave benefits small firms

Philly.com
Topics:
Family Medical Leave

As a small business owner and a new dad, I have unique insight into paid family and medical leave. It's considered common sense that new parents are in favor of paid leave, but a majority of small business owners also support these programs.

President Trump has said he supports a paid leave policy, and implementing one at the national level would immensely benefit small businesses. According to a recent poll for Small Business Majority, 70 percent of small employers support a national paid family medical leave program. Additionally, 61 percent of small businesses, myself...

A Modest Tax Day Proposal: Help Small Business by Closing Corporate Loopholes

The Huffington Post - Blog
Topics:
Taxes

Everyone knows that reforming America’s tax system is among the tougher tasks lawmakers consider every year, which is why our tax code has undergone few significant changes over the last two decades. This slow pace of progress, however, is deeply harmful to small businesses that are consistently held back by tax rules that favor large corporations while hindering small firms. On this Tax Day, I offer politicians a common-sense proposal that would correct this problem: eliminate wasteful corporate loopholes while lowering corporate tax rates in a manner that ensures a net revenue increase...

Health plan would devastate business

The Daily Herald
Topics:
Healthcare

While the failure of the American Health Care Act (AHCA), the Republican plan to repeal and replace the Affordable Care Act (ACA), was welcome news for small business owners across the country, talks of reviving the bill are worrisome. If the replacement plan had moved forward, it would have been devastating for entrepreneurs who struggled to obtain health coverage for themselves and their employees prior to the ACA.

In fact, new polling from Small Business Majority found small businesses prefer the ACA to the AHCA by a 2-1 ratio. The survey also found small businesses opposed key...

'Clarifying discrimination' bill passes out of committee and onto Senate floor

Colorado Springs Independent
Topics:
Non-discrimination

As we have previously reported, the Small Business Majority, a national organization with an interest in the economy of small businesses, conducted a poll of small business owners in Colorado. The majority (65 percent of 400 polled) do not think businesses should have the right to deny services to LGBTQ customers, no matter their religious beliefs.

Small businesses support state retirement programs

Akron News-Reporter
Topics:
Retirement

The U.S. Senate recently struck down a Department of Labor rule that made it easier for states to establish retirement savings plans, like the Secure Choice Retirement Savings Plan recently proposed here in Colorado. Striking down this rule will have a chilling effect on state retirement programs, and it will be especially harmful to small businesses and their employees. Secure Choice Programs provide an easy and affordable option for small businesses, which is why they strongly support it. In fact, new polling from Small Business Majority and AARP Colorado found more than half of our...

What to Consider Before You Leave a Salaried Job to Work for Yourself

US News & World Report
Topics:
Retirement

Your retirement. A new survey from Small Business Majority, a national advocacy group, which polled 500 contractors, freelancers and temporary employees from Dec. 9-19, 2016, came away with the conclusion that four out of 10 self-employed workers don't have a retirement account.

In other words, you have a lot of financial responsibilities as a self-employed individual. You may be personally fine with not putting money away toward retirement for some time, especially if you're confident about your company's success, but if it takes years for your business to ramp up,...

HB 142 will extend damages for our state

Greensboro News & Record
Topics:
Non-discrimination

North Carolina lawmakers passed HB 142, a so-called HB 2 compromise that upholds many harmful aspects of the original law. As a small-business owner, I have seen the negative impact of HB 2 in the months since its passage, and a full repeal of the law is the only way for North Carolina to show that the state is truly open for business to everyone.

My business, Kelcor Mechanical, is located in High Point, where many local residents have considered moving to a state that’s more inclusive. This would be devastating for our community because we’ll lose money that would normally flow...

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