Join Start Small Think Big along with the Small Business Administration (SBA) and Small Business Majority (SBM) for a workshop on understanding bankruptcy and debt restructuring and how that impacts your business.
Small Business News
“Small businesses are supportive of this legislation because it would help lower their costs and make it easier to access coverage,” said Lindsey Vigoda of the Small Business Majority.
Also to be announced is a new partnership with Small Business Majority to expand outreach to and education for small business owners across the rural south and midwest, led by the Health Action Alliance and COVID Collaborative. And, in partnership with The Daily Yonder, the Health Action Alliance will launch today a new reporting partnership to expand on-the-ground coverage of COVID-19 and vaccines, with perspectives from rural businesses.
I’m relieved to hear that the state Legislature has passed the Colorado health insurance option, which has been a hot topic throughout the session. As we look to recover from the devastating aftermath of the COVID-19 pandemic, small businesses like mine would greatly benefit from lower health care costs and reduced premiums.
Awesta Sarkash, government affairs director for the Small Business Majority, an advocacy organization, also commended the administration’s announcement in a statement to Government Executive.
I was encouraged to see the Chicago Tribune Editorial Board take a positive stance on the Illinois Earned Income Credit (EIC) expansion last week, but unfortunately, that didn’t translate into positive action from the state legislature during the last day of the legislative session. This is disappointing for entrepreneurs like me because Main Street is still more than a year after initial shelter in place orders, and so are small businesses like mine that support those businesses. We need the support of more policies.
The grant money comes from a $1 million grant from the Rockefeller Foundation, in addition to founders First Capital Partners’ recent $9 million Series A financing. Other contributors include Small Business Majority, Orange County Alpfa, Union Bank and Pacific Western Bank.
According to a nationwide survey conducted by Small Business Majority, 70% of small businesses support a federal program to guarantee access to paid leave. We’re one of them — and one of 200-plus companies who sent an open letter to Congress, urging them to pass federal paid family and medical leave in March of 2021.
Lindsey Vigoda, the Colorado director at the Small Business Majority, said the bills would boost small businesses by getting capital in their pockets, especially those in southern Colorado.
“Whether it's smaller farms, or whether it's Main Street down in Durango, you'll have a lot of small businesses that could really use investments,” she said.
And, even as the country reopens, more than a third of Black entrepreneurs say conditions are getting worse for their small businesses, while 37% fear “they may not survive the next three months”, a spring survey by Small Business Majority found.