Today, John Arensmeyer submitted recommendations to the Treasury Department as it develops guidance for distributing funds for Technical Assistance activities related to the State Small Business Credit Initiative (SSBCI). Small Business Majority focuses on serving economically and socially disadvantaged small business owners, particularly smaller businesses that do not traditionally have access to the capital, trusted guidance, and mentorship that the SSBCI program has the ability to unlock.
Today, John Arensmeyer submitted a letter to congressional House and Senate leadership outlining the key provisions in the American Families Plan that would support small businesses. Additionally, the letter provides recommendations for how to structure tax reforms to ensure they level the playing field for small businesses.
Small Business Majority welcomes the opportunity to comment on the advanced notice of proposed rulemaking issued by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), titled “Beneficial Ownership Information Reporting Requirements," regarding the implementation of the recently enacted Corporate Transparency Act of 2020 (CTA). An anti-money laundering measure, the CTA requires FinCEN to establish a secure, private database to which U.S. companies submit basic identifying information of their true, “beneficial” owners.
Founder and CEO, John Arensmeyer, submitted a letter to Senate leadership urging for the swift confirmation of President Biden's nominee for Deputy Secretary of the Department of Commerce, Don Graves.
Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Illinois, with a particular emphasis on policies that will address systemic racism and sexism that are harming businesses owned by people of color, women and immigrants. The state’s 1.2 million small businesses employ 2.4 million people (about half of the private workforce) and created more than 68,000 jobs in 2015.
Sayuri Tsuchitani is the owner and operator of Headspa EN, in Los Angeles, CA. Small Business Majority submitted Tsuchitani's testimony to the House of Reprsentatives Committee on Small Business on how to harness the power of Immigrant-Owned Businesses.
Today, Small Business Majority, Main Street Alliance, and over 1,300 small business owners submitted a letter calling on Congress to immediately provide unrestricted grant funding to America's small businesses.
Small Business Majority submitted testimony to the Senate State, Veterans, & Military Affairs Committee in suport of House Bill 21-1222, which would would classify child care homes as residences for purposes of licensure and local regulations.
Small Business Majority submitted testimony to the Colorado Senate Business Labor & Technology Committee in suport of House Bill 21-1167, which would cap retainage for all public and private entities at 5% and allow small construction and subcontract firms to be more competitive against larger firms.
As a leading representative of America’s 30 million small businesses, we offer the following recommendations on what small businesses are hoping to hear in President Biden's remarks when he addresses Congress on Wednesday, April 28.