Fair Competition

Hundreds of small businesses call on FTC to ban non-compete agreements

More than 400 small business owners and business organizations signed on to our letter urging the Federal Trade Commission to enact its proposed rule to ban non-compete agreements. Non-compete agreements are a significant impediment to entrepreneurship, create a non-level playing field and impede the ability of employees to maximize their skills.


Small business community urges FTC to ban non-compete agreements

As of April 13, more than 400 small business owners and small business organizations have signed onto a letter urging the Federal Trade Commission (FTC) to enact its proposed rule to ban non-compete agreements. On April 19, lead partner organizations Small Business Majority, American Sustainable Business Network, Main Street Alliance, Pacific Community Ventures, and Right to Start will submit a final letter to the FTC in response to its comment period.


Opinion Poll: Small business owners support banning non-compete agreements

Small Business Majority
Thursday, April 13, 2023

A new opinion poll of small business owners nationwide reveals that our nation’s entrepreneurs are being harmed by non-compete agreements, and they strongly support the Federal Trade Commission’s (FTC) proposed rule to ban them in most instances. The poll reveals that nearly 6 in 10 small businesses support the FTC ban.

Small Business Majority testifies in support of Truth in Lending Act protections for small businesses

On March 28, Small Business Majority's Illinois Director Tasha Brown testified before the Illinois House Financial Institutions and Licensing Committee on behalf of HB 2234, legislation that would enact critical protections for small business borrowers in Illinois.


Small Business Majority and partner organizations in Georgia oppose legislation failing to require APR disclosures

On February 21, Small Business Majority, LISC Atlanta, New Town Macon, the Atlanta Wealth Building Initiative and Albany Community Together, Inc. submitted a letter to the Georgia House Committee on Banks and Banking in opposition to HB 84, legislation that would make Georgia small businesses vulnerable to non-transparent financing providers by failing to require all providers to disclose the annual percentage rate (APR) or estimated APR. 


Business Organizations Support keeping Non-Compete NPRM Deadline

Today, Small Business Majority, American Independent Business Alliance, American Sustainable Business Network, Main Street Alliance, and Pacific Community Ventures sent a letter to the Federal Trade Commission underscoring the importance of keeping the deadline for the notice of proposed rulemaking aimed at ending non-compete agreements. As leading representatives of America's 32 million small businesses, we understand how detrimental non-compete agreements are to small businesses.


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. New Mexico's 154,000 plus small businesses account for 99% of all businesses in the state and employ more than half of workers in the state, according to the U.S. Small Business Administration. 


Small Businesses and Business Organizations add their name in support of the Inflation Reduction Act

Today, hundreds of small business owners and business organizations added their names to a letter urging Congress to pass the Inflation Reduction Act of 2022. The letter outlines how small businesses stand to benefit from the legislation, namely by improving access to healthcare, increasing tax enforcement on large corporations, and making meaningful climate change investments.


Small Business Majority Supports the Inflation Reduction Act of 2022

Today, John Arensmeyer, CEO and founder, submitted a letter to Congressional leadership offering strong support for the Inflation Reduction Act of 2022. The Inflation Reduction Act's provisions would improve access to healthcare, increase tax enforcement on large corporations, and make meaningful climate change investments. 


A Level Playing Field

: A Level Playing Field

Small businesses are the backbone of our nation’s economy; they employ nearly half the private sector workforce and create two-thirds of all new jobs. However, corporate consolidations, under-regulated technology platforms, pernicious business practices and an unfair tax code stifle competition and put small businesses at a distinct disadvantage. Small businesses face unfair competition challenges across multiple industries—technology and non-technology alike. This is particularly true for BIPOC, women and rural entrepreneurs, who face greater barriers than their white counterparts.