Small businesses have created two-thirds of new private sector jobs since the 2008 recession. Like home ownership, entrepreneurship is an important tool to build wealth for under-resourced households and communities. Unfortunately, many of the same predatory financial tactics that plunged households into ruin a decade ago are now being used in small-business lending, stripping California businesses of their cash flow and often forcing them to close their doors.
Small Business News
Senator Tammy Duckworth (D-IL) convened a U.S. Senate Small Business and Entrepreneurship Committee Field Hearing in Chicago today to highlight the barriers faced by small business owners of color and women entrepreneurs. Duckworth highlighted issues such as access to capital, lack of culturally-competent leaders and disparities in venture funding with two panels, as well as policy solutions to help eliminate these barriers. Photos from today’s hearing are available here.
As the founder of Herosmyth, a digital marketing agency for small businesses, I’m very familiar with the struggles small businesses face when trying to keep talented employees in this competitive environment without a comprehensive benefits package. I neither have the funds nor the bandwidth to offer a retirement savings plan that could compete with larger corporations. This is why I hope Colorado state lawmakers re-introduce legislation at the Capitol in January to set up a state-run retirement savings program.
The Wall Street Journal/NBC News poll found that about two-thirds of voters supported the idea of allowing people to buy into Medicare. “Some states are looking at a public option,” said David Chase, who leads the national outreach efforts for Small Business Majority, an advocacy group that supported the Affordable Care Act. He said the group is talking to various states about allowing small businesses the option of buying into a government program.
The caucus is supported by the Center for American Entrepreneurship (CAE), Economic Innovation Group (EIG), the U.S. Chamber of Commerce, Small Business Majority, the Ewing Marion Kauffman Foundation, the National Federation of Independent Business (NFIB), Main Street Alliance, the Small Business and Entrepreneurship Council, Small Business Investor Alliance, the American Investment Council, and the National Venture Capital Association.
With Congress reconvening this month, it’s time for our government officials to get serious about tackling small business issues. Small business owners like me are often used as a talking point for officials, but the reality is most are out of touch with our needs.
Today, 520 state and national community-based groups called on the three federal bank regulatory agencies that implement the Community Reinvestment Act (CRA) to not include a one-ratio metric in the upcoming proposed CRA rule change.
It’s easy to see why, in 2017, a bipartisan Congressional majority rejected proposals to “repeal and replace” the ACA. But the administration is now asking the courts for something even more extreme: repealing the law without any replacement whatsoever.
Is it any wonder groups like AARP, the American Cancer, Heart, and Lung Associations, the American Medical Association, the American Hospital Association and the Small Business Majority Foundation all asked the court to reject this lawsuit?
This bill is supported by a number of national organizations, including: R Street, American Sustainable Business Council, National Taxpayers Union, Niskanen Center, Coalition to Reduce Spending, Taxpayers Protection Alliance, Reinsurance Association of America, National Wildlife Federation, CERES, National Housing Conference, Taxpayers for Common Sense, Natural Resources Defense Council, National Parks Conservation Association, The Nature Conservancy, Evangelical Environmental Network, League of Conservation Voters, American Meteorological Society, Sierra Club, PennFuture, Defenders of Wild
My government officials don’t seem to truly understand the issues that could make or break my business, and according to recent polling, 95% of Wisconsin small business owners agree. If officials would listen, I would tell them many of us need help training a skilled workforce.