“Using their precision and eye for organization and processes, veterans can offer a unique perspective and be an important component of the small business community,” said John Arensmeyer, founder and CEO of Small Business Majority.
Small Business News
Last week, U.S. Rep. Al Lawson, D-Fla., brought back his proposal “ to create a new startup tax credit to help veterans, their spouses, and Army Reserves and National Guard members who establish small businesses in underserved communities.”
In January, City Council assigned staff the task of coming up with ways to help this underrepresented and underserved business community, which has been disproportionately affected by the pandemic-linked economic downturn. Entrepreneurs from this community face economic, market, sociocultural, and instructional barriers in gaining access to capital and support.
"Having access to tools that you can manage will help you over the long-term,” says Pifer. “The SBA is still offering Disaster Loans through December 2021, with a 3.75 percent interest rate over a 30-year term. You can’t do much better than that. There are restrictions, but you can use it to pay off other debt.”
Lawmakers who both oppose and support the program invoke the interests of small businesses. Small businesses employ nearly half of U.S. workers. At Left Banks Books in Saint Louis, owner Kris Kleindienst said she supports paid family leave unequivocally.
Gov. J.B. Pritzker’s recent announcement to invest in child care is welcome news to Illinois small businesses. By providing support to parents re-entering the workforce, we can ensure that small businesses have access to a robust talent pool that they desperately need right now. At the same time, small child care businesses have been greatly impacted by the pandemic and desperately need this assistance to strengthen their businesses and support their employees.
Gov. Kemp's decision to bar local governments from enforcing public safety measures in privately-owned and small businesses in Georgia is not just the wrong move with the current surge of COVID-19 cases, it will also harm small businesses in the long run. It’s up to us and those in positions of leadership to assess what’s in their communities’ best interests and take preventative steps to ensure our local economies and businesses can operate safely and effectively.
“Using their precision and eye for organization and processes, veterans can offer a unique perspective and be an important component of the small business community,” said John Arensmeyer, Founder & CEO of Small Business Majority. “However, entrepreneurship is often thwarted by barriers to access to capital, relationships, and other resources veterans need to launch a business successfully.
Wolf's Ridge Brewery in Columbus decided this week to implement a vaccine requirement. Co-owner Bob Szuter says only 5% of his 72 person staff is not vaccinated.
“Still five percent has a disproportionately large impact on the rest of the employees and the business overall,” said Szuter. “We took a look back at it and said this has to happen."
Nearly 75% of America’s small businesses say the current tax system favors big businesses over small ones, preventing them from obtaining sufficient capital to start or expand their operations. On top of this fact are long-rooted disparities preventing business owners of color and women entrepreneurs from receiving equitable financing from both private banks and the public government.