West Virginia’s workforce needs support. …. While the child care industry is recovering from the Covid-19 pandemic, small businesses continue to wait for stabilization and support from state legislators that may not be possible for our state budget.
Small Business News
According to the U.S. Small Business Administration, Georgia currently has 1.1 million small businesses, which make up 99.6% of all businesses within the Peach State.
That's more than 43% of all Georgia employees — 1.6 million of residents — who are self-employed, independent contractors, family service workers, childcare providers and food truck owners, said Georgia director for Small Business Majority Rachel Shanklin.
“Our research has shown that small business owners in Georgia support paid leave programs because it makes good business sense to take care of their employees,” said Rachel Shanklin, Georgia director of the organization Small Business Majority.
The nonprofit Small Business Majority, in a survey in mid-July, found that nearly one in three small businesses couldn’t survive for more than three months without additional capital or a change in business conditions.
On July 13, 2022, Business Ownership Initiative Senior Director Joyce Klein testified at a congressional hearing on Fintech and Transparency in Small Business Lending. This is a portion of her remarks to the House Small Business Subcommittee on Oversight, Investigations, and Regulations.
The rent has come due for America’s small businesses and at a very inopportune time.
Latino-owned businesses have adapted to the challenges brought on by the pandemic, but need additional support if they are to reach their full potential.
Xiomara Peña, vice president of engagement at the Small Business Majority, says that access to capital is only one piece of the puzzle. She sees four main avenues for supporting small businesses and Latino founders:
1. Flexible financial products made for diverse entrepreneurs. This would include early-stage forgiveness and no-early interest loan features as well as long payout schedules. ...
Jeanette Quick, 39, of San Francisco, has been appointed General Counsel at the California Department of Financial Protection and Innovation…Quick is a member of the Board of Directors of Small Business Majority and Magic Theatre.
We were also thrilled that our close partners at Good Business Colorado and Small Business Majority joined individual business owners to file a second amicus brief making the business case for paid leave, specifically pointing to the ways in which access to paid leave increases employee retention, productivity, creates a healthier workplace, and helps small businesses in a tough labor market.
Time and again, we see that larger businesses use their market power to stifle smaller businesses. Our research shows that small businesses are at a competitive disadvantage, with 44% of small companies agreeing that there has been an increase in monopolistic practices in recent years. It’s time to rein in big companies and level the playing field for small businesses.