Access to capital

The Agenda for Illinois’ Entrepreneurs

Small Business Majority’s Illinois policy agenda outlines policies that advance and promote equitable pathways for entrepreneurship while centering small businesses as the key to a thriving and inclusive economy. The state’s 1.3 million small businesses employ 2.4 million people (about 44.1% of the private workforce), with firms without employees making up 80% of all owned businesses.  Illinois small business owners are navigating workforce shortages, a childcare crisis and the end of a number of pandemic era programs that support entrepreneurship.

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The Agenda for New Mexico's entrepreneurs

Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in New Mexico. It’s critical that state lawmakers enact short- and long-term policies to support and empower entrepreneurs by guaranteeing their access to capital, an infrastructure that can support their ability to offer quality jobs, and their ability to compete fairly now and in the future. To achieve these goals, policymakers should consider the following policy proposals. 

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The Agenda for Georgia’s Entrepreneurs

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 1.2 million small businesses comprise 99.6% of all businesses in the state, and they employ 1.7 million residents—nearly half of all Georgia employees.

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The Agenda for Wisconsin’s Entrepreneurs

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.

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Small Business Majority testifies in support of Illinois Small Business Financing Transparency Act

On May 20, Midwest Director Tasha Brown testified infront of the Illinois House Financial Institutions and Licensensing Committee on behalf of SB 2234, which would enact critical protections for small business borrowers in Illinois that are falling prey to predatory lending practices. 

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Small Business Majority submits written testimony regarding efforts to preserve, protect, and expand programs targeting minority entrepreneurs

On May 6, Small Business Majority Founder and CEO John Arensmeyer submitted written testimony to the Senate Committee on Small Business and Entrepreneurship detailing the disproportionate barriers minority business enterprises (MBEs) face and the recent attacks on programs targeting minority entrepreneurs, including the U.S. Small Business Administration’s 8(a) business development program and the Minority Business Development Agency (MBDA).

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Hyacinth Tucker, Founder and CEO of The Laundry Basket LLC, submits written testimony on the systematic discrimination faced by minority contractors

On May 6, Small Business Majority network member Hyacinth Tucker, Founder and CEO of The Laundry Basket LLC, submitted written testimony to the Senate Committee on Small Business and Entrepreneurship outlining specific instances of discrimination her business has faced when seeking financing and federal procurement opportunities.

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Brenda Doles, Co-Founder of HealthCare Resolution Services, Inc. submits written testimony outlining barriers to federal procurement opportunities

On May 6, Small Business Majority network member Brenda Doles, Co-Founder of HealthCare Resolution Services, Inc, submitted written testimony to the Senate Committee on Small Business and Entrepreneurship regarding the need to address ongoing racial discrimination and the role of targeted federal business programs supporting minority-owned businesses. Brenda’s testimony outlines the importance of targeted federal programs such as the U.S.

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