Small Business News

| Congresswoman Gwen Moore

“Small businesses today are grappling with crippling uncertainty, due mainly to tariffs and the rollback of federal resources that support small firms,” said Small Business Majority Founder & CEO John Arensmeyer. “Now more than ever lawmakers must focus on offering benefits to the most vulnerable small businesses, and updating Section 199A in a way that helps the overwhelming majority of Main Street firms is one of the best ways to do that. We applaud Rep. Moore for her commitment to revising our tax code in order to deliver real results for most small businesses.”

| American Booksellers Association

This week, ABA joined with the Small Business Majority and a number of other organizations, urging in a letter to lawmakers that they reject “any cuts to Medicaid that would make it more difficult and costly for millions of small business owners and their employees to access affordable healthcare coverage.”

| Senator Chris Van Hollen

“Small business owners welcome legislation that would make it easier for them to one day sell their companies while also leaving a lasting legacy and benefiting their employees in the process,” said Small Business Majority Founder & CEO John Arensmeyer. “This is particularly important at a time when a record number of small business owners are thinking about retirement. Employee Stock Ownership Plans are a great way to support community-owned business models that also provide retirement benefits for the shared owners and exit strategies for founders of businesses.”

| New York City Patch

Fortunately, New York is considering legislation this session that would boost the temporary disability insurance program, bringing it on par with the state’s paid family and medical leave benefits. This is critical because workers will gravitate to the businesses that offer the best benefits but all too often those businesses are the largest corporations. In order to help more small businesses compete, New York must adopt legislation that levels the playing field when it comes to paid leave.

| New Economy Project

“In the face of uncertainty due to tariffs and the rollback of federal programs that support entrepreneurs, we must support institutions that uplift our local small businesses,” said Lindsey Vigoda, New York Director of Small Business Majority. “Since 2008, we’ve seen low approval ratings for small business loans from big banks but higher approval ratings from CDFIs, community banks and credit unions. Our public dollars should be used to uplift the heart of our communities — our small business storefronts and local entrepreneurs.

| CNN

“We are not passing everything on to our customers, but there will be an increase in prices…We are trying to be strategic,” said OMSutra founder & CEO Jyoti Jaiswal.

| CBS News

Shayai Lucero, owner of Earth and Sky Floral Designs, a small floral design business in Laguna, New Mexico, said she imports a high volume of flowers from Canada, Columbia Ecuador and Peru. Lucero recently experienced what she called "the sharpest price increase" she's seen in her 16 years in the flower business…Mike Roach, who co-owns Paloma Clothing, a 50-year-old womenswear store in Portland, Oregon, sells labels that are primarily manufactured in India and China. "This is the worst and most uncertain situation we've ever been in," he said.

| Penn Live

According to the Small Business Majority, about 53% of small businesses are concerned about tariffs negatively impacting their business, while 77% are concerned about the potential impacts on the U.S. economy.

| The Business Journals

CDFIs make up about 30% of the lenders participating in the SSBCI and make up 63% of all credit transactions under the SSBCI program, according to the Small Business Majority.

| Politico

The Small Business Majority released Wednesday findings from a poll of 191 of their members’ sentiments over the past three months, Katherine Hapgood reports. The majority of those polled said their business’s revenue has decreased, almost half said higher supply and inventory costs and financing difficulties were major challenges. About 60 percent said they strongly opposed efforts by Trump and the Department of Government Efficiency to curtail government spending.

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