Today, Small Business Majority offered recommendations to state and local governments on how to distribute funding administered through the American Rescue Plan that would support small businesses. State governments are ideal for providing this support due to the stimulus aid provided to them via the American Rescue Plan. Strategic investments can have a transformative impact on the long-term sustainability of a small business ecosystem.
Colorado small business owner Alejandro Flores-Muñoz joined testified in favor of SB 21-199, which allows undocumented entrepreneurs to access certain business and professional licenses.
Small Business Majority will submit testimony to the Senate Finance Committee in suport of House Bill 21-1312 on May 26, which would provide tax relief for small business owners through the Business Personal Property Tax Reform and eliminate wasteful tax loopholes that don’t benefit our economy.
Today, John Arensmeyer submitted a letter of support for the nomination of Melanie Egorin for Assistant Secretary of Legislation at the U.S. Department of Health and Human Services (HHS).
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.