The proposal to claw back funding is “not in alignment with the professed need of small businesses and the professed desire on both sides of the aisle to help small businesses,” said John Arensmeyer, chief executive of the Small Business Majority, an advocacy group.
Small Business News
The proposal is “not in alignment with the professed need of small businesses and the professed desire on both sides of the aisle to help small businesses,” said John Arensmeyer, chief executive of the Small Business Majority, an advocacy group.
Lawmakers passed a plan they say will give Illinois residents $1.8 billion in tax relief. The plan includes direct checks to most taxpayers, temporary cuts in sales taxes, and a permanent expansion of the state's tax credit for low-income workers. The plan cleared the 2022 General Assembly in the final hours of the legislative session on April 8 and awaits approval from Illinois Gov. JB Pritzker who has said he intends to sign it.
Stephen Martin and his partners chose that route when they opened a facilities-management company in late 2019 and needed scrubbers and other gear. “We couldn’t afford to buy,” he said, and “banks don’t really pay attention to you until you have crossed over two years” of experience.
Southern California Outreach Manager and National Latino Outreach Manager Latavia Pineda honored as Hispanic Lifestyle’s 2022 Latinas of Influence.
Rock raised money through a crowdfunding campaign and used a California state grant and EIDL loan to officially launch the brand and begin the production and distribution of her tasty, spicy condiments. She recommends Small Business Majority, a nationwide program that supports, educates, and gives voice and access to the Small Business Administration and federal government resources, as well as Hello Alice, a digital destination with resources for women-owned businesses, to those seeking funds and support to establish their brands.
“Small businesses deserve to safely shop for capital without being concerned about exorbitant APRs and unfair or opaque loan terms,” said Awesta Sarkash, government affairs director at the nonprofit group Small Business Majority.
From dealing with what many consider unfair contracts, to recovering from the pandemic, small businesses face hurdles larger ones don't. …,“There is a growing unlevel playing field between small and large companies as underregulated technology platforms, corporate consolidations and pernicious business practices dramatically restrict markets and stifle competition,” according to the trade group Small Business Majority.
A wrap up of legislative actions that impacted the small business community and the work that needs to be done in 2023
“Even before the COVID-19 pandemic, under-resourced entrepreneurs struggled to access critical resources and funding needed to ensure their businesses are successful. That's why we're thrilled to support Representative Carter's and Representative Guest's Revitalizing Small and Local Businesses Act. This commonsense legislation will bolster our small business community by expanding access to vital economic development resources and providing new funding opportunities for small businesses in communities that greatly need these investments.