Starting a small business may seem daunting for most people, but for those who take the risk like Tierra Henderson, it’s a matter of seeking mentorship and applying yourself.
On February 11, Small Business Majority submitted a letter to the Chairwoman of Budget & Fiscal Review Committee and the Chairman of the Committee on Budget in support of Governor Newsom's proposed budget, which includes additional funding and support for small businesses.
Small Business Majority submitted a comment today on the State Small Business Credit Initiative (SSBCI) ahead of a House Committee on Financial Services subcommittee hearing about the program. SSBCI was a critical resource to strengthen state programs that support financing for small businesses across the country.
Raised in an immigrant family of merchants, Alejandro Flores-Munoz learned about entrepreneurship from an early age. He watched his mother, a single parent living in Southern California, work a full time job, while juggling side hustles selling perfumes, jewelry, and desserts door-to-door.
Today, Small Business Majority submitted comments to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation regarding proposed rules changes to the Community Reinvestment Act. Some of Small Business Majority's concerns include that these proposed changes would negatively impact underserved entrepreneurs in low and moderate income (LMI) communities and disincentive banks from making qualified smaller-dollar loans that are the lifeblood of small businesses.
Small business owner Natalie Dubose recounts the night of Nov. 24, 2014, like a scene out of the movie “Independence Day.”
“Every shop in downtown Ferguson leading up to mine and past mine was destroyed. I found furniture from the law firm across the street, that the protestors had used to break the windows,” she said.
As a twenty-something woman in business with her parents, Molly Leadbetter often finds herself trying to convince customers that she is an equal partner in the family-owned Meriwether Cider Company in Boise, Idaho.
Small businesses are one of the most respected constituencies in the country, and certainly one of the most courted by policymakers in Washington. However, small businesses are also a group that legislators and the general public understand little about—the very smallest ones, especially. Those businesses are known as “micro businesses.”