Economy

Small Business Majority Supports Human Infrastructure Plan

Today, CEO John Arensmeyer shared a letter with congressional leadership outlining key policy recommendations that must be included in the forthcoming human infrastructure package. These investments are critical because small businesses need more support to ensure a successful long-term recovery from the pandemic, and to promote a more resilient workforce and economy.

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Protect small business borrowers by ensuring transparent and fair lending practices

Currently the federal Truth in Lending Act (TILA) requires that consumer creditors disclose critical financing information, including annual percentage rate (APR), in a clear and comparable format. However, Congress has yet to extend these disclosure requirements to small business loans and other credit products, which means small businesses are vulnerable to irresponsible lenders. As small businesses recover from the pandemic, it should go without saying that transparent lending shouldn’t be up for debate.

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California small businesses support statewide COVID-19 vaccine and testing requirement

Publisher: 
Small Business Majority
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Date: 
Tuesday, August 31, 2021

California lawmakers are weighing a proposal to require proof of COVID-19 vaccination or a negative test for customers at consumer-facing businesses and to similarly require employers to mandate vaccinations or negative COVID-19 tests for employees. New opinion polling from Small Business Majority reveals that small businesses in California are supportive of proposals to mandate vaccinations and testing at places of business to help ensure local economies can operate safely, amid setbacks from the current surge in COVID-19 cases.

Small Business Majority supports economic equity in California state contracting and procurement

On June 10, 2021 Small Business Majority wrote to California State Senator Richard Roth in support of AB 915, which would ensure that a fair share of procurement spending is directed and dedicated to small and minority-owned small businesses. 

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Small Business Majority supports lowering retainage caps in Colorado

Small Business Majority submitted testimony to the Colorado Senate Business Labor & Technology Committee in suport of House Bill 21-1167, which would cap retainage for all public and private entities at 5% and allow small construction and subcontract firms to be more competitive against larger firms.

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Small businesses continue to face closures in 2021

Publisher: 
Small Business Majority
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Date: 
Wednesday, January 27, 2021

Nearly a year into the COVID-19 pandemic, small business owners continue to experience significant setbacks and reduced customer demand. A national survey of small business owners spotlights the distressing effects of the pandemic and what owners anticipate in the months to come. The polling also reveals the disproportionate impact of the economic crisis on small business owners of color, particularly Black, Latino and Asian American/Pacific Islander entrepreneurs. 

Examining the Unique Opportunities and Challenges Facing Rural Small Businesses

Publisher: 
Small Business Majority
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Date: 
Tuesday, February 12, 2019

This report compiles findings from focus groups and roundtable discussions with rural small business owners and other small business stakeholders in four states, as well as the results of a national poll of rural small business owners. The report also features recommendations for policymakers and service providers to increase opportunities for rural entrepreneurs.

‘Shop Small’ and Think Green on Small Business Saturday

On Small Business Saturday we’re all encouraged to “shop small,” which is great for the millions of small companies in California and elsewhere. But how many people think about helping small businesses beyond that one day? We should, because we can do more to assist small firms than just buying holiday gifts from them—we can also help them invest in energy efficiency. 

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