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Small Businesses Can Expect Policy Changes Under Trump

New York Times
Topics:
Healthcare, General Small Business, Taxes

Trump has vowed to repeal the health care overhaul, something Republicans in Congress have failed to do so far. Whether Democrats in the Senate could block a repeal is unclear, as is what would replace it.

"We don't think (a repeal) would be realistic. Many small businesses have gotten coverage they wouldn't have gotten otherwise," says John Arensmeyer, CEO of Small Business Majority, which has supported the law.

Some for, some against, all will eventually pay $12 an hour

KOAA-TV Online
Topics:
Minimum Wage

Currently minimum wage is $8.31. In 2017, that goes up 99 cents to $9.30 an hour, and it'll keep going up 90 cents each January, until it hits $12.
"We actually pay our employees that minimum wage and more so it's not an issue for us," said Richard Skorman, Co-Owner Poor Richard's shops downtown.
While a lot of small businesses may struggle with higher labor costs, some like Skorman's downtown shops advocated for 'Yes' on Amendment 70 and are happy it passed.
"It would be great for them to have the advantage that people who...

Amendment 70: Why it's been such a hot topic

KRDO.com
Topics:
Minimum Wage

"I support it because it's the right thing to do," said Richard Skorman, a local business owner. "It really helps businesses keep their employees and I think it makes it more efficient because you don't have to spend as much money on training. If you can't afford to pay people a living wage I'm not sure you should be in business," he said.

Coloradans headed for minimum wage increase

Colorado Springs Gazette
Topics:
Minimum Wage

Tracy duCharme, owner of Color Me Mine, a paint-your-own pottery shop in Chapel Hills Mall, said she supported Amendment 70 even though it would increase her biggest expense, payroll, because "it is the right thing to do and will help my business in the long run by improving the overall economy with the infusion of more disposable income into the community."

"When you raise the income of lower-wage earners, they spend that money locally. When this has been approved elsewhere, it hasn't hurt the economy. This is a good thing for Colorado and Colorado Springs....

Entrepreneurs and small businesses, get educated about health insurance options for 2017

GJSentinel
Topics:
Healthcare

Entrepreneurs and small businesses, get educated about health insurance options for 2017

Nov. 1 marked the start of this year’s open enrollment period for health insurance. For self-employed entrepreneurs and employees whose employers aren’t able to offer coverage, open enrollment offers a chance for individuals to review their options and change their insurance plans if they choose. That’s why it’s crucial that entrepreneurs and employees use this time to get all the info they need about their coverage options.

While open enrollment – available through Jan. 31, 2017 –...

Blue Shield Again Owes Californians Millions In Health Care Rebates

California Healthline
Topics:
Healthcare

About 240,000 Californians with job-based health coverage may have been surprised by a recent letter from Blue Shield of California saying the company owes them money, not the other way around.

Those people work for 30,000 small employers around the state, like a pet grooming business in Bakersfield, and a heating and cooling company in the Northern California town of Eureka. The refund checks sent by the insurer weren’t sent to the individuals, but to their employers, who had to calculate how to distribute the money to workers based on their share of 2015 premium payments. For some...

Here’s What Small Businesses in MoCo Need to Know about the County’s New Paid Sick Leave Law

Greenbelt Patch
Topics:
PSD/Benefits

On October 1, Montgomery County’s new paid sick leave law went into effect, which allows employees who work in the county to take time off to address their health or take care of a sick family member.

Established in 2015 by the Earned Sick and Safe Leave Act, the new law provides that employees in Montgomery County will earn at least one hour of paid sick leave for every 30 hours worked, up to a capped amount.

Many small employers have questions about the new law and how it impacts their business. Below is some quick information for small employers to help them make sure they...

“Money Now, Money Later: The ABC’s of Financing Your Small Business and Financing You” at COC

KHTS-AM
Topics:
Access to Capital

The Small Business Development Center at College of the Canyons and Small Business Majority invite you to join us for a free workshop to help you navigate the funding landscape and finance the growth of your small business.

Opinion: Paid Leave is Good for Ohio Small Businesses

Topics:
PSD/Benefits

When you talk to business owners about what make their business successful, they often say their employees are their number one assets. That’s certainly true for the Columbus small business I co-own with my father, Wolf’s Ridge Brewing. We want to keep our employees happy, and for us, part of how we do that is by offering paid family and medical leave. But paid leave isn’t just about treating our employees well – it’s also boosted our bottom line by increasing employee retention and morale. At the end of the day, people can do a better job focusing on work if they aren’t worried about what...

Guest Opinion: Small businesses are losing to HB2 law

Triangle Business Journal Online
Topics:
Non-discrimination

I own a small consulting firm specializing in advising businesses on diversity issues

around LGBT employees. Businesses hire us because they understand how

important LGBT customers and employees are and they want to make sure they’re

keeping them happy. Now, with the passage of HB 2, many of my clients are worried.

This discriminatory law is making it harder than ever for North Carolina to retain

talented employees and loyal customers – no matter what other efforts business

owners put in place. HB 2 is hurting our small businesses, and we need to...

It’s the ‘Wild West Out There’

NerdWallet
Topics:
Access to Capital, Regulations

As Cory Elliott’s business boomed, her debt spiral began.
After a successful career in health care facility management, the St. Louis mother of four jumped into entrepreneurship at age 40 to start her own construction business. The risky move paid off: Last year, her 17-employee company, CMT Roofing, landed a marquee project that opened the door for expansion.

But Elliott needed financing to grow the company. Ten banks turned her away. “Because our business was a newer business, I was having trouble getting a loan and a line of credit that I really needed to fund the...

What You’re Telling Us About A Possible Raise In Colorado’s Minimum Wage

Colorado Public Radio News
Topics:
Minimum Wage

“Yes! Too many reasons why it is important to us (my wife and business partner). Briefly, we work side by side with our employees. We are their boss and their friends. We could not imagine paying them a wage that would not cover basic living expenses. We also feel it is good for our business. Less turnover, better service, less cost in training, fewer mistakes causing food waste and better morale. We also feel if Colorado low wage employees have more spending power it will help our local economies long term growth.”

-- Jeff R.

Colorado Springs business owners and workers divided over minimum wage hike

Fox 21
Topics:
Minimum Wage

For the first time in 10 years, people in Colorado will have a chance to vote on the minimum wage.

Amendment 70 proposes to raise the current wage over the next four years, but it has many business owners divided.

This is only the second time residents in Colorado have voted on the minimum wage, dating back to 2006 when voters approved an increase equal to the consumer price index.

Amendment 70 proposes to increase the current $8.31 per hour wage to $9.30 per hour in 2017 and then increase it 90 cents each year until the wage reaches $12.00 in 2020.

If the...

California Won’t Extend Parental Leave Rights To Small Businesses

Kaiser Health News
Topics:
Family Medical Leave, PSD/Benefits

Aiming to attract and keep top-notch talent, a growing number of companies are dangling family-friendly perks such as lengthy paid leave for new moms and dads, back-up child care and onsite infant vaccines. But the attention-grabbing headlines — such as “IBM plans to ship employees’ breast milk home” — obscure the reality that for many workers, basic benefits such as guaranteed parental leave, even unpaid, is unavailable.

In California, long a trailblazer on paid leave issues, work-life advocates suffered a setback recently when the governor vetoed a bill that would have required...

Growing the Economy for Women and Minorities

Center for American Progress
Topics:
Entrepreneurship

Small businesses are the backbone of the American economy, and entrepreneurialism is an important pathway to the middle class for millions of Americans. Unfortunately, all too often, women and racial and ethnic minorities face structural barriers to starting businesses, leading to lower business ownership rates among these underserved demographics. Progressive policies that expand access to capital and give people the tools and knowledge they need to start a business can help overcome these barriers to create a more inclusive and diverse entrepreneurial economy.
U.S. Secretary of the...

Go Green: Basics for Startups & Entrepreneurs

Wherevent
Topics:
Clean Energy

The Inland Empire Regional Chamber of Commerce, City of San Bernardino Municipal Government, The Headquarters, and Small Business Majority invite you to join us for this interactive presentation.

Cost of health care continues to hit small businesses hard

NJBIZ.com
Topics:
Healthcare

Employers continue to search for a way to control health care costs in the state, repeatedly telling the New Jersey Business & Industry Association that it's their biggest concern.

About 85 percent of employers offer health benefits, with 83 percent saying they continue to do so to attract and retain workers, according to NJBIA’s Health Benefits Survey.

The lack of choices in health plans for small employers is something the health industry is aware of and focusing on.

Can Small Businesses Solve the Retirement Crisis?

Find Law
Topics:
Retirement

California is paving a new way for employers to help with the retirement crisis using the new California Secure Choice Retirement Plan. This is a state sponsored retirement account for the employees of small businesses that traditionally could not afford to provide employees with a retirement plan. The plan, which Governor Jerry Brown has signed into law, will allow millions of Californians to start saving toward their retirement. If others states follow California's lead, Fortune notes, this type of plan could help alleviate the retirement crisis in the US.

The California...

Why Small Businesses Likely Create More Jobs Than Previously Thought

SmallBusiness.com
Topics:
General Small Business

Over the past three decades, companies that were less than one-year-old with one to four employees averaged creating more than one million jobs per year.

That’s a lot of jobs.

But the number would be much higher if the government included the economic impact of the self-employed, or “non-employer business,” the label used by the IRS to describe freelancers or other types of independent workers.

The decision to collect the data this way happened decades ago; long before the rise of contingent talent and the growing ability to hire contractors through online on-demand...

Landmark State Law Will Help Millions Retire With Confidence

AARP
Topics:
Retirement

Great news out of California: A new state law will help nearly 7.5 million workers retire with confidence. Signed by Gov. Jerry Brown on Thursday morning, the California Secure Choice Retirement Savings Act (Senate Bill 1234) will give millions of Californians a way to save for their future at work.

It has been a long road to get to this day, and the AARP California Office has been a key leader every step of the way!

California state Sen. Kevin de León first introduced legislation to improve retirement security for California workers as a freshman member of the Assembly in...

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