Today, Small Business Majority shared a letter with Senators Rubio, Cardin, Shaheen and Collins on recommendations for changes for S, 4321, the Continuing Small Business Recovery and Paycheck Protection Program Act. S, 4321 is a starting point in addressing the lack of flexibility that small business owners who participated in PPP are facing. However, the legislation requires critical changes to provide enough comprehensive changes that entrepreneurs need to sustain their businesses.
Small Business Majority submitted written testimony for the record for the House Committee on Financial Service's Subcommittee on Diversity and Inclusion's, "Access Denied: Challenges for Women- and Minority-Owned Businesses Accessing Capital and Financial Services" hearing. The contributions of entrepreneurs of color and women to our local and national economies cannot be overlooked.
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.
As cases of COVID-19 continue to rise throughout the country, so does its impact on our economy. From stock market dips to decreased foot traffic in thriving neighborhoods, it's vital that our federal and state officials enact short and long-term policies that will offset these effects, particularly for our small business community, whose success is critical to our nation's economic health. Focusing on key policy issues will help support America's job creators.
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.
Small business owners nationwide are doing all they can to strengthen their businesses and put the Great Recession’s effects behind them. Now more than ever, it’s critical they have the help of smart employment laws allowing them to attract and retain the best talent. National scientific opinion polling shows the vast majority of small business owners believe we’re long overdue for federal and state policies protecting all workers from discrimination, regardless of sexual orientation or gender identity.
Small businesses make up 99 percent of businesses in the United States and employ about 56 million of the nation’s private sector workers. New scientific polling shows small business hiring of lower-level employees is diverse and varies geographically, but more can be done to increase diversity in the hiring of upper-management employees.
The topic of religious liberty and how it relates to business practices has been front and center in the media. And once again, small businesses are in the middle of the debate. A national scientific opinion poll conducted for Small Business Majority by Greenberg Quinlan Rosner Research found entrepreneurs strongly believe small business owners should not be able to refuse goods or services to lesbian, gay, bisexual or transgender (LGBT) individuals, or to deny services related to the wedding of a same-sex couple, based on an owner’s religious beliefs.
On December 15, Small Business Majority released a new scientific opinion poll that found a majority of Colorado small businesses believe business owners should not be allowed to deny services to LGBT individuals based on the owner’s religious beliefs, including for wedding-related services.
New scientific polling in Louisiana, Michigan, Mississippi and New Mexico shows small business hiring of lower-level employees is diverse, but more can be done to increase diversity in the hiring of upper-management employees. Additionally, some small employers plan to hire or promote in order to increase the diversity of their high-level workforce within the next few years.