Entrepreneurs and small business owners drive economic innovation through the invention of new products, technologies and ideas, which are all commonly referred to as intellectual property (IP).
Wisconsin Small Business Owner Highlight
In 2010, when the Affordable Care Act (ACA) was enacted, Sadie Tuescher’s office at her county job in Milwaukee, Wisc. was flooded with people looking for help enrolling in coverage through the new marketplaces created by the law. She was overwhelmed by the influx of clients but quickly adapted and learned everything she could about the new healthcare law. It wasn’t long before her insurance agent husband was calling her daily with questions about the ACA.
Wisconsin Events
To help prevent and combat money laundering, tax fraud and other financial crimes, a recent bipartisan law requires many companies and small businesses to report beneficial ownership information (BOI) to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
Since its inception more than 70 years ago, the U.S. Small Business Administration (SBA) has helped millions of small businesses across the country access the capital and resources needed to thrive and grow.
Wisconsin Policy
Small Business Majority’s policy agenda ensures that small business is at the center of a thriving and inclusive economy in Wisconsin and advances policies that promote equitable pathways for entrepreneurship. The state’s 461,000 small businesses employed 1.3 million people in 2021, and small businesses have historically driven job growth .
Wisconsin is in trouble when it comes to retirement security. Even before the COVID-19 pandemic, our retirement system was not working for a significant number of Wisconsin workers and small businesses. The landscape of retirement benefits has changed in recent decades.
Small Business Majority submitted a letter to the Wisconsin Senate Comittee on Financial Institutions and Revenueof in support of SB2 Senate Amendment 4, which would bring Wisconsin state tax laws for small businesses in conformity with the CARES Act and federal income taxes regarding small business owners’ ability to deduct allowable expenses paid from Paycheck Protection Program (PPP) loans o
Wisconsin Research
Policymakers at all levels, from town councils to the halls of Capitol Hill, emphasize the challenges of small businesses as a key talking point during political debates. But new opinion polling in four states—Illinois, Missouri, Virginia and Wisconsin—reveals small businesses feel their government officials don’t actually understand their challenges, and they support a wide array of policies to address their needs, some of which might come as a surprise to their elected officials.
Scientific opinion poll finds small business owners are hiring, but those doing so are having a hard time finding candidates with the right background; they support programs such as apprentice and internships to identify and increase the number of qualified workers.
Small Business Majority's scientific opinion polling shows small business owners often feel disadvantaged by large corporations and the electoral system overall. They believe our current campaign finance system puts large corporations at a competitive advantage and support significant reforms to level the playing field between small employers and large corporations.
Wisconsin Saves is a new automatic saving initiative that launched in April 2021 for employers in Wisconsin. As part of a national pilot program, Wisconsin Saves is designed to encourage millions of Wisconsinites to establish emergency savings accounts through the automated saving strategy of split deposit. Below is an overview of what small businesses need to know about the program.