Small Business Majority Board Member Jessica Milano testified in front of the U.S. the Senate Committee on Banking, Housing, and Urban Affairs about the impacts the COVID-19 pandemic has had on Main Street. Specifically, she spoke on how many of the communities hardest hit by the pandemic have been communities of color, how despite significant Federal support, minority-owned businesses continue to experience challenges accessing capital, and how Congress should reauthorize the State Small Business Credit Initiative to address these market gaps.
Small Business Majority submitted a letter to the Georgia House Committee on Judiciary in support of HB 183 (Rep. Marvin Lim), which would allow small businesses to sue larger businesses for unfair or deceptive practices under the Fair Business Practices Act (FBPA).
Small Business Majority submitted a letter to the Wisconsin Senate Comittee on Financial Institutions and Revenueof in support of SB2 Senate Amendment 4, which would bring Wisconsin state tax laws for small businesses in conformity with the CARES Act and federal income taxes regarding small business owners’ ability to deduct allowable expenses paid from Paycheck Protection Program (PPP) loans on their state income taxes.
On February 12, Small Business Majority penned a letter to Senate leaders to offer our strong support for key provisions in the stimulus package that are essential to our nation’s small businesses at this critical time.
On February 11, Small Business Majority submitted a letter to the Chairwoman of Budget & Fiscal Review Committee and the Chairman of the Committee on Budget in support of Governor Newsom's proposed budget, which includes additional funding and support for small businesses.
On February 10, 2021, Small Business Majority submitted testimony in support of SB 58, which would create a state earned income tax credit (EITC) providing a much-needed boost to the state’s small business community.
Today, Small Business Majority submitted remarks to the House Committee on Finance during the Virginia Regular Session support SB 1146, which would provide up to $50,000 in deductions related to the Rebuild Virginia Grants and up to $50,000 for forgiven PPP loans. SB 1146 would create parity in how PPP funds are treated at both the federal and state level and would allow small businesses not to incur more debt during the pandemic.
Small Business Majority submitted a comment today on the State Small Business Credit Initiative (SSBCI) ahead of a House Committee on Financial Services subcommittee hearing about the program. SSBCI was a critical resource to strengthen state programs that support financing for small businesses across the country.
Today, small business owner Sandra Leibowitz submitted a letter of support to the House of Delegates, which would establish a state-run paid leave program in Virginia. Paid leave programs allow small business owners the ability to attract and retain employees without the hassle of managing the nuances of offering these benefits.
Today, Tierra Henderson submitted written testimony to the House Committee on Labor and Commerce in support of HB 2332, which would establish a reinsurance program in Virginia. For Tierra, and other self-employed individuals, reinsurance programs help stabilize costs in the individual marketplace. HB 2332 is an important step forward for small businesses.