Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Georgia. The state’s 1 million small businesses comprise 99.6% of all businesses in the state, and they employ 1.6 million residents—nearly half of all Georgia employees.
Access to capital
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 . Yet, small businesses in Wisconsin continue to face setbacks from the COVID-19 crisis and struggle to access critical financing and resources.
Small Business Majority’s Illinois policy agenda ensures that small business is at the center of a thriving and inclusive economy and advance policies that promote equitable pathways for entrepreneurship, with a particular emphasis on addressing systemic racism and sexism that impede economic inclusion and harm businesses owned by people of color, women and other underserved owners. The state’s 1.2 million small businesses employ 2.5 million people (about 45% of the private workforce), with firms less than 20 employees creating the largest net job gains.
Venturize is a free online resource hub for small business owners like you who need help accessing tools and resources to grow their businesses. Managed by Small Business Majority, Venturize offers unbiased education and resources about small business loans, retirement and healthcare to empower entrepreneurs to make the best financial decisions for their business. We also help small businesses get connected to trusted local providers that can help their enterprises grow.
When Ramon Alvarez was 9 years old, his family moved to a small ranch just outside of Fresno, California. He worked to help his family make a living until he left for school. While working to pay his way through college, he fell in love with retail.
After years of gaining experience at corporations like Home Depot, where he oversaw the opening of stores across the U.S. and in South America, he fulfilled his dream of opening a business of his own with his wife.
Today, John Arensmeyer submitted a letter to Chairwoman Waters (D-CA-29) and Ranking Member McHenry (R-NC-10) of the U.S. House Committee on Financial Services urging passage of HR 6814. The Small Business Fair Debt Collection Act extends protections under the Fair Debt Collection Practices Act (FDCPA) to small businesses with loans or obligations that are less than $2.5 million to ensure debt collectors have guardrails on what they can do to collect these debts.
Small Business Majority writes in strong support of AB 2314, which would require any commercial financing products that leverage state funding—such as loan guarantee programs—to include several financing rights and protections for small business borrowers.
Today, Small Business Majority and more than 50 small business organizations sent a letter to Congressional leaders underscoring the importance to preserve the $10 billion allocated to the State Small Business Credit Initiative program. As representatives of small businesses around the country, our organizations know firsthand that access to capital can determine the success of any small business and that is why we rise to show our support for preserving a program that is instrumental in helping small business owners access much-needed capital.
On April 8, Small Business Majority submitted a letter to the Chairwoman and Vice Chairman of Budget & Fiscal Review Committee in support of Governor Newsom's proposed budget, which includes critical funding and measures to support small business recovery.
On April 6, Small Business Majority submitted a letter to congressional leaders opposing pay-fors for the Bipartisan COVID Supplemental Appropriations Act. The Act rescinds dollars from key programs, including $900 million from the Economic Injury Disaster Loan Advance and nearly $2 billion from the State Small Business Credit Initiative. Rescinding these dollars undercuts the trajectory of the small buisness ecosystem during a time when small business owners are still struggling to keep their doors open.