“Despite the evidence and support behind reform, Illinois small businesses will continue to be targeted by nonbank lenders charging exorbitant interest rates — unbeknownst to the borrower — thanks to the inaction of House committee members,” said Tasha Brown, Small Business Majority’s Midwest director…The coalition of advocates that supported the bill included the Responsible Business Lending Coalition, Woodstock Institute and Small Business Majority.
Small Business News
05/21/2024 |
Chicago Sun Times
05/20/2024 |
The Business Journals
In a recent Small Business Majority survey of small-business owners who are parents or have employees who are parents, 59% said a lack of access to affordable child care is hindering their business growth. About 59% said child-care issues forced them to take substantial time away from their business, while 58% said a lack of affordable child care made it harder to start their business.
Bill that requires lenders to disclose interest rates to small businesses blocked in House Committee
“Not only is protecting small businesses from predatory lending the right thing to do, but this legislation has the full backing of industry experts and small business leaders,” said Tasha Brown, Illinois Director of Small Business Majority. “Despite the evidence and support behind reform, Illinois small businesses will continue to be targeted by nonbank lenders charging exorbitant interest rates–unbeknownst to the borrower–thanks to the inaction of House committee members.”
05/20/2024 |
Senator Alex Padilla
“Small business growth is often limited for minority-owned businesses because of the unique barriers these entrepreneurs face when seeking contract and procurement opportunities,” said John Arensmeyer, Founder & CEO of Small Business Majority. “Small Business Majority is pleased to see concerted efforts to support disadvantaged business enterprises included in the Federal Aviation Administration (FAA) reauthorization for 2024."
05/12/2024 |
Associated Press
The new benefits came too late for Carrie Martin-Haley’s family. Neither Martin-Haley, a small business owner in Denver who gave birth to her son in September 2023, nor her husband had any paid time off, so Martin-Haley had to put aside her dreams of opening a brick-and-mortar storefront for her business, Summit Sustainable Goods. “That’s been hard to sit with,” said Martin-Haley, who shared her story through Small Business Majority, an advocacy group that is campaigning for federal paid family leave.
05/08/2024 |
Medium
As we approach Mother’s Day, it’s critical that lawmakers recognize that paid family and medical leave is not just a women’s issue or a parents’ issue. It’s also a small business issue. And if we don’t establish a nationwide paid family and medical leave program, we’ll never reach our nation’s full economic potential.
05/08/2024 |
Inc
As Inc. previously reported, 59 percent of small-business owners in a research report from Small Business Majority "affirm that barriers to child care access are preventing them from growing their business, with about a quarter of founders noting that they've had to shutter their company entirely."
05/07/2024 |
The Business Journals
Mike Brey, the owner of Hobby Works in the Washington, D.C., area, has spent decades juggling the need for space to display his merchandise and fulfill orders with the shrinking margins of a retail segment continually pressured by online shopping.
05/02/2024 |
The Laura Coates Show
This is a critical time for small business owners, a lot of whom are coming out of the effects of the pandemic. But we've also seen new business applications soar and continue at a record pace.
04/30/2024 |
Scripps News
Lawmakers have the opportunity to create or strengthen programs that have become critical to fostering tomorrow's top innovators. One example of this is just last week the Federal Trade Commission banned noncompete agreements.