Press Releases

Press Release Date:
Monday, July 15, 2024

Both organizations will collaborate on outreach events, resource development and State Small Business Credit Initiative research and collaboration to uplift minority business enterprises across the nation

Washington, D.C. — The Minority Business Development Agency (MBDA), the only federal agency tasked with promoting the growth and competitiveness of minority business enterprises, and Small Business Majority, a national small business organization that empowers America's diverse entrepreneurs to build a thriving and equitable economy, signed a memorandum of understanding today that outlines ways in which the two organizations will work together to further support, uplift, and expand minority business enterprises and entrepreneurship across the nation. 

Topic(s):
Access to Capital, Entrepreneurship, Minority entrepreneurship
Press Release Date:
Friday, June 28, 2024

Statement from John Arensmeyer, Small Business Majority Founder & CEO, on the ramifications for small businesses stemming from the U.S. Supreme Court’s decision in Loper Bright Enterprises v. Raimondo 

 

“The U.S. Supreme Court’s decision in Loper Bright Enterprises v. Raimondo, which overturned decades of precedent established in Chevron v. Natural Resources Defense Council, will inject chaos, uncertainty and inconsistency into the application of federal regulations, which will ultimately harm small businesses because they depend on many regulations to help ensure that they can compete on an even playing field with the largest corporations. 

Topic(s):
Regulations
Press Release Date:
Thursday, June 27, 2024

Statement from Rachel Shanklin, National Women’s Entrepreneurship Director for Small Business Majority, on the high court’s decision not to allow Idaho's abortion ban to supersede the Emergency Medical Treatment and Labor Act at this time

“The U.S. Supreme Court’s decision to temporarily stop Idaho’s attempt to block pregnant people from accessing critical maternal care underscores the need for small businesses to have more certainty around access to emergency care.

Topic(s):
Healthcare, Women's Entrepreneurship
Press Release Date:
Thursday, June 20, 2024
Statement from Bianca Blomquist, California Director for Small Business Majority, on the California Supreme Court’s ruling to keep the “Taxpayer Protection and Government Accountability Act” off the ballot in November
 

“The California Supreme Court’s decision to bar the deceptive ‘Taxpayer Protection and Government Accountability Act’ from appearing on the November ballot is a relief for small business owners. If this measure had been put on the ballot and passed, it would have applied retroactively to Jan. 1, 2022 meaning that more than 250 state and local funding measures would be nullified. This would include the reversal of changes to make California’s Paid Family Leave (PFL) and State Disability Insurance programs more equitable.

Topic(s):
Paid Family & Medical Leave Insurance
Press Release Date:
Tuesday, June 18, 2024

Statement by Bianca Blomquist, California Director for Small Business Majority, in response to the final budget agreement passed by the state legislature on June 15

“Governor Gavin Newsom has an opportunity this budget cycle to support Main Street by investing in programs that will boost entrepreneurship and quality jobs. While we were disappointed that the May budget revision failed to invest in key programs for small businesses, the state legislature righted these wrongs in the final budget that was passed last week by investing in the following provisions: 

Topic(s):
Entrepreneurship, General Small Business, Healthcare
Press Release Date:
Thursday, June 13, 2024

Statement from Rachel Shanklin, National Women’s Entrepreneurship Director for Small Business Majority, on the significance of abortion access for small businesses

“Small business owners and aspiring entrepreneurs are relieved that the U.S. Supreme Court has upheld the U.S. Food and Drug Administration’s decades-old approval of mifepristone, a drug that is used for abortion services. This is an issue of great concern to women small business owners because of the connection between access to abortion care and the ability to start a small business.

Topic(s):
Healthcare, Women's Entrepreneurship
Press Release Date:
Wednesday, June 12, 2024

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on the recent ruling by the U.S. District Court for the Northern District of Texas to halt a federal disaster-aid program intended to support farms owned by people of color and women 

“Judge Matthew Kacsmaryk’s decision to suspend a program intended to provide disaster relief for small farms owned by people of color is the latest example of extremist efforts to dismantle support systems meant to help BIPOC entrepreneurs.

Topic(s):
Access to Capital, Entrepreneurship, Minority entrepreneurship, Women's Entrepreneurship
Press Release Date:
Tuesday, June 4, 2024

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on the damage that would be done to small businesses if the SBA is not fully funded   

 

“The U.S. House Committee on Appropriations' proposal to fund the Small Business Administration (SBA) at significantly less in FY25 than in FY24 is irresponsible, and sends the message that our government isn’t prepared to fully support the entrepreneurs and the businesses that make up 99.9% of our nation’s employers.

Topic(s):
Access to Capital, Entrepreneurship, General Small Business, Government Accountability
Press Release Date:
Monday, June 3, 2024

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on why a federal appeals court was wrong to dictate how a small business support organization can spend its funds

 

"To say that we are disappointed with today’s decision by the U.S. Court of Appeals for the 11th Circuit in the case of American Alliance for Equal Rights v Fearless Fund Foundation, LLC is insufficient to capture the outrage, despair and fear that many small businesses are feeling.

Topic(s):
Access to Capital, Entrepreneurship, General Small Business
Press Release Date:
Tuesday, May 21, 2024

Statement from Tasha Brown, Illinois Director for Small Business Majority, on the Illinois House Committee on Financial Institutions & Licensing’s decision not to advance legislation that would help protect small businesses

“For the second consecutive year, Illinois lawmakers have let small businesses down by refusing to adopt common-sense legislation that would drastically reduce the prevalence and pain of predatory loans. Instead of looking out for entrepreneurs who are not protected by the federal Truth in Lending Act, some lawmakers decided it was more important to prioritize financial institutions that refuse to disclose full terms and pricing to small business borrowers. 

Topic(s):
Access to Capital

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