Small businesses across the state support the bill, according to Lindsey Vigoda, director of Small Business Majority, some because they can’t afford to offer decent (if any) health insurance to their employees. Other owners say they can’t attract top-notch workers because they can’t offer benefits competitive with those of larger companies. The Colorado Option might make that a little easier.
Small Business News
As a small-business owner, a health-care professional, and someone with a pre-existing condition, I am deeply concerned about the rising costs of quality health care in Colorado. I know that most want to make better care at better prices a reality for more Coloradans, which is why I’m surprised that I have to defend legislation that would help more entrepreneurs access quality health care.
Other partner organizations have also joined the effort, including: Small Business Majority, NextGen Policy, California Small Business Development Center Network, California Women’s Business Center Network, Emerald Cities, Women’s Business Enterprise Council (WBEC-West & WBEC-Pacific), Bishop-Wisecarver, Western Region Minority Supplier Diversity Council (WRMSDC).
“The reality is that as much as most small businesses would love to rehire everyone they’ve let go over the last year, until their revenues return to some semblance of normal they just can't afford to hire more staff,” said Mark Herbert, California managing director or Small Business Majority, a national advocacy organization for small businesses, in an email. Stimulus checks and unemployment benefits help put money into the economy, which in turn can help small businesses, Herbert said.
On the other side, Good Business Colorado, which along with the Small Business Majority has 5,500 small business members, sent out a list of about 40 businesses that support HB 1232.
Some small business owners voiced their support for the bill during Friday’s hearing. The owner of Sazza Pizza and Salads in Greenwood Village, Jeff Rogoff, said that providing affordable and accessible health care would boost employee morale and retention and ultimately help the business’s bottom line.
The introduction of Senate Bill 21-199 in the state legislature is a step in the right direction to support an important sector of our economy and the small business community. The bill will allow undocumented entrepreneurs to openly participate in our economy, which is not just common sense, it’s a great way to get our economy back on track during this economic downturn brought on by the COVID-19 pandemic.
Xiomara Peña, vice president for engagement at Small Business Majority, which represents more than 80,000 small businesses, said any guidance on vaccine passports should provide clarity on “practical implementation” and equity, given digital tools to show proof of vaccination may be inaccessible to some people. Asking businesses to enforce these types of requirements could also create “an extra burden” for them, she said.
In today’s dispatch, Xiomara Peña vice president of Small Business Majority gives us some details of 3 financial aid programs that received millions of funds through the latest emergency package: The PPP, or salary subsidy program; the Economic Damage Loan Advance Program and the Restaurant Revitalization Fund.
The numbers back up this assertion. According to a recent Small Business Majority poll, four in 10 small business owners have not obtained any capital from a lending institution, or even friends and family. According to the same poll, only 30% of small businesses have applied for direct relief from the Paycheck Protection Program (PPP), while only a third of those who applied received the full amount of funding requested. While PPP funding is one piece of the puzzle, it is not enough.