In March 2022 Preston filed for bankruptcy when it became clear the loan the entrepreneur had taken for his business was itself bunk; Preston ended up working with the Small Business Majority and provided testimony for a Senate hearing about predatory lending as it impacts Black Americans.
Small Business News
11/26/2023 |
Associated Press
Cheyenne Smith in Salt Lake City, Utah, founded Dakota Ridge, which makes cowboy rain boots for kids, in 2021 with savings from a previous corporate job and money borrowed from her 401(k) retirement plan, about $80,000 total.
11/21/2023 |
Small Business Currents
If you are looking for unique gifts from small businesses, here are two small business gift guides: GoDaddy 2023 Gift Guide and Small Business Majority 2023 Gift Guide.
11/19/2023 |
The Denver Gazette
While I’m relieved that Congress came together on a short-term deal to fund the government, as a small-business owner, I am also beyond frustrated with the irresponsible way in which some of our elected officials are repeatedly threatening the stability of our economy with one looming shutdown threat after another.
11/16/2023 |
United States Senate Committee on Finance
John Arensmeyer, founder & CEO, Small Business Majority: “Small businesses believe it's time for wealthy Americans to pay their fair share in taxes and stop benefiting from an unfair tax system that has disadvantaged entrepreneurs for decades. We are happy to support Senator Wyden's ‘Ending the Carried Interest Loophole Act’ that will close the carried interest loophole and prevent fund managers from paying lower taxes on their wealth than hardworking Americans and small business owners do on their wages.”
11/15/2023 |
The Black & Bankable Podcast
In this episode of the Black & Bankable Podcast, we dive into the frustrating cycle of federal government shutdowns – a relay race with no finish line. Our special guest, John Arensmeyer, the Founder & CEO of Small Business Majority, brings his unique insights to the table.
11/14/2023 |
U.S. Rep. Sharice Davids
“A government shutdown would be a disaster for America’s hardworking small business owners and their employees,” said John Arensmeyer, founder & CEO, Small Business Majority. “With small firms unable to secure Small Business Administration and other government loans to small business government contractors seeing their revenue evaporate, entrepreneurs across the country, particularly in under resourced at-risk communities, will needlessly suffer. Moreover, buying power across all segments of the economy will be dealt a sharp blow putting our economic revival in jeopardy.
11/11/2023 |
CNBC
“The last thing we want to do is make changes in the ways we do business that’s going to negatively affect our employees and make them feel not valued,” said Zachary Davis, co-founder and chief executive at The Glass Jar, a farm-to-table restaurant group in Santa Cruz, Calif.
11/08/2023 |
Senator Tim Kaine
The letter is endorsed by: National Women’s Law Center (NWLC), Service Employees International Union (SEIU) and Small Business Majority.
10/31/2023 |
CalMatters
Bianca Blomquist, the organization’s California policy director, called the system “regressive” and said it will be important to gather data about its impact on small businesses. Blomquist added that a well-funded unemployment insurance fund is vital because small businesses understand that “when a community is suffering (from unemployment), small businesses suffer.”