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Congress stops California from creating retirement plans for private sector workers

Central Valley Business Times
Topics:
Retirement

“Striking down this rule will have a chilling effect on states like California that are establishing their own retirement savings programs, which in turn will harm California’s small businesses and employees,” says Mark Herbert, California director of Small Business Majority.

He says most small businesses lack the resources to set up an employer-sponsored retirement plan. Mr. Herbert says two-thirds of the 7.5 million Californians who don’t have access to employer-sponsored retirement plans work for small businesses with fewer than 100 employees.

Rep. McNerney Introduces Small Business Legislation To Boost Job Opportunities

Public Now
Topics:
Job Creation

'Congressman McNerney's re-introduction of the Small Business Relief and Job Creation Act is good news for small businesses. Legislation that incentivizes small employers to grow their businesses and create jobs will help strengthen our economy and move us further down the path to recovery. What's more, this bill encourages small employers to hire workers who were previously unemployed, which will lower our unemployment rate, put more money in the pockets of consumers and bolster small employers' bottom lines.'

Congress votes to block California’s retirement-savings plan for private-sector workers

San Jose Mercury News
Topics:
Retirement

Mark Herbert, California Director of Small Business Majority, said only 14 percent of small businesses offer retirement plans.

“Striking down this rule will have a chilling effect on states like California that are establishing their own retirement savings programs,” Herbert said, “which in turn will harm California’s small businesses and employees.”

A single Senate vote makes it to harder for states to offer retirement plans to neglected workers

Yahoo! Finance Canada
Topics:
Retirement

In a 50-49 vote, the U.S. Senate repealed Labor Department rules from the Obama administration that would have made it easier for states to offer retirement plans to private-sector employees who don't have those benefits at work.

Trade groups from the financial services industry supported the measure while consumer advocates worried that it will be harder to help the roughly 55 million employees who don't have access to a workplace retirement plan.

"Striking down this rule will have a chilling effect on states that are establishing their own retirement savings...

Congress shouldn't retire a rule that will help California small businesses save for the future

Concord Patch
Topics:
Retirement

The Senate is expected to vote as early as this week to overturn a Department of Labor rule that makes it easier for states to establish retirement savings plans, like the Secure Choice Retirement Savings Program being implemented here in California. Striking down this rule would have a chilling effect on California’s Secure Choice Program, and would be especially harmful to small businesses and their employees who are looking forward to taking advantage of this program.

Congress shouldn't retire a rule that will help Illinois small businesses save for the future

Chicago Patch
Topics:
Retirement

The Senate is expected to vote as early as this week to overturn a Department of Labor rule that makes it easier for states to establish retirement savings plans, like the Secure Choice Retirement Savings Program being implemented here in Illinois. Striking down this rule would have a chilling effect on Illinois’ Secure Choice Program, and would be especially harmful to small businesses and their employees who are looking forward to taking advantage of this program.

Tsongas Discusses Importance Of Maintaining Antiquities Act Designations

Public Now
Topics:
Public lands

A study released by the Small Business Majority also found that national monuments designated by President Obama have provided significant boosts to small businesses in rural communities, driving $156 million dollars in annual revenue and creating more than 1,800 jobs a year.

If Gov. Hogan Wants to Help Small Businesses, He Should Sign Paid Sick Days Bill

Greenbelt Patch
Topics:
PSD/Benefits

The Maryland General Assembly made history this year when it passed the Healthy Working Families Act (HB 1), which would benefit the state’s small businesses and their employees by allowing workers at firms with 15 or more employees to earn paid sick days, while employees at firms with fewer than 15 employees would be able to accrue unpaid sick leave. Unfortunately, Gov. Larry Hogan (R) claimed that the bill would be “dead on arrival” if it reached his desk, even though the legislation would level the playing field for small firms that want to provide these type of benefits. Although Hogan...

To fight Goliath, David-sized businesses need help on retirement plans

The Hill - Blogs
Topics:
Retirement

Now that National Small Business Week is here, lots of lawmakers will be telling us about the importance of fighting for the interests of America’s job creators. It is hard to take some of those claims seriously, however, since politicians in Washington, D.C. are close to killing a federal rule that makes it easier for states to establish retirement savings plans that benefit small businesses.

During the Obama administration, the U.S. Department of Labor gave more options to small businesses that don’t offer retirement programs by permitting states to create a public/private...

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...

Public Lands Are Responsible For Billions In Consumer Spending, & Trump Wants To Sell Them Off

Clean Technica
Topics:
Public lands

The Small Business Majority, a nonprofit advocacy group, recently released a report that showed that national monuments strengthen local economies by drawing visitors who stay for several days and spend money locally. Such expenditures “are especially important in rural areas where local economies and small businesses may be particularly reliant on income derived from tourism and outdoor recreation,” the report said.

National Small Business Week 2017 Kicks Off April 30

Public Now
Topics:
General Small Business

U.S. Small Administration kicks off National Small Business Week 2017 on April 30 in the nation's capital by having SBA Administrator Linda McMahon recognize and award the nation's top small businesses, entrepreneurs, small business advocates and champions.

Supporting Sponsors: Small Business Majority

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...

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