Economy

The Agenda for Illinois’ Entrepreneurs

Small Business Majority’s Illinois policy agenda outlines policies that advance and promote equitable pathways for entrepreneurship while ensuring small businesses are key to a thriving and inclusive economy. The state’s 1.2 million small businesses employ 2.5 million people (about 45% of the private workforce), with firms of fewer than 20 employees creating the largest net job gains.  Yet, Illinois small businesses continue to face setbacks stemming from the COVID-19 pandemic.

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The agenda for Virginia’s entrepreneurs

Virginia is home to more than 800,000 small businesses, employing 1.6 million people and accounting for 99.5% of all businesses in Virginia. Small Business Majority has created a comprehensive state policy agenda to ensure small business ownership and entrepreneurship are at the center of a robust, equitable, and competitive economy for the Commonwealth.

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Small Business Speaks: Two Days in Washington with Small Business Majority

On September 26 and 27, Small Business Majority hosted an advocacy fly-in event, “Small Business Speaks: Two Days in Washington with Small Business Majority.” Nearly 30 entrepreneurs from the organization’s national and state Small Business Councils attended the event to build community and ensure that federal policymakers heard the true voice of small business.

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Small businesses share concerns with recent banking closures, access to capital challenges

Publisher: 
Small Business Majority
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Date: 
Wednesday, May 3, 2023

As recent banking closures like the Silicon Valley Bank collapse shake the financial system, Small Business Majority surveyed small business owners and decision-makers around the country to understand their concerns about banking and access to credit.

Small Businesses Support the Nomination of Julie Su as Secretary of Labor

On April 7, Small Business Majority submitted a letter to the U.S. Committee on Health, Education, Labor & Pensions, urging the committee to confirm the nomination of Julie Su as the next Secretary of Labor. Deputy Secretary Su is collaborative, works well with small business groups, and will ensure that small businesses and their employees are truly supported and prioritized. 

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Small Business Majority Submits Comments to Federal Register on Department of Labor's Proposed Classification Rule

Today, John Arensmeyer submitted a comment letter for the Department of Labor's propsed rule on Employee or Independent Contractor Classification Under the Fair Labor Standards Act.

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2022 The Bottom Line Webinar Series

This fall, The Bottom Line webinar series has brought together U.S. Small Business Administration (SBA) officials, small business advocates and subject matter experts for discussions on how to address the economic challenges facing small businesses today. Through these webinars, members of the small business community have been connected to tools and resources for long-term, stable growth. 

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Small Business Majority supports the expansion of CalEITC and the YCTC

Small Business Majority writes in support of AB 2589, which would make the California Earned Income Tax Credit (CalEITC) and the Young Child Tax Credit (YCTC) more impactful and overall improve access to the California tax system for low to moderate income small business owners and employees. 

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Survey: Small businesses share current business concerns, challenges with federal relief programs

Publisher: 
Small Business Majority
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Date: 
Thursday, May 12, 2022

As entrepreneurs continue to navigate a number of challenges operating their businesses, Small Business Majority surveyed small business owners and managers nationwide to understand their current business conditions and how they may have benefited from federal relief programs. The survey found that nearly two-thirds (65%) of small businesses felt more optimistic about their business prospects for this year's second quarter. Despite this optimism, small businesses are facing a number of challenges, including inflation, supply chain disruptions and workforce shortages.

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