Press Releases

Press Release Date:
Thursday, June 15, 2023

Legislation will help rein in the spread of high-cost, predatory small business financing products by correcting lacking transparency standards 

Washington, D.C. - Small Business Majority applauds the introduction of the “Small Business Financing Disclosure Act of 2023,” which would amend the federal Truth in Lending Act (TILA) to extend the same protections for consumers to America’s small businesses. 

This bill, introduced by Senator Robert Menendez and Congresswoman Nydia Velázquez and cosponsored by Senators Sherrod Brown, Ben Cardin, Ron Wyden, and Congresswoman Maxine Waters, will support a high level of transparency on finance products that is necessary for small business growth.

Topic(s):
Access to Capital
Press Release Date:
Wednesday, June 14, 2023

Nueva encuesta encuentra que las mujeres empresarias temen que las restricciones en el acceso al aborto forzarán a las mujeres a escoger entre su salud reproductiva y su carrera profesional.

Washington, D.C. - Mientras se acerca el primer aniversario de la decisión de la Corte Suprema de los Estados Unidos en el caso Dobbs v.

Topic(s):
General Small Business, Healthcare
Press Release Date:
Wednesday, June 14, 2023

New poll finds women entrepreneurs are concerned that abortion restrictions will force women in business to choose between their reproductive health and their career.

Washington, D.C. - As the nation approaches the first anniversary of the United States Supreme Court decision in Dobbs v.

Topic(s):
General Small Business, Healthcare
Press Release Date:
Thursday, June 8, 2023

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on U.S. Senate confirming Dilawar Syed as the next SBA Deputy Administrator

"After more than two years of needless obstruction, we are pleased that the U.S. Senate has confirmed Dilawar Syed as the Deputy Administrator of the U.S. Small Business Administration (SBA).

Topic(s):
Entrepreneurship, General Small Business
Press Release Date:
Tuesday, May 30, 2023

Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on small business provisions in the debt limit deal

"While it is essential to support President Biden’s recommended solution to avoid the disastrous consequences of a default on the United States’ sovereign debt, it is outrageous that those who would act recklessly have threatened the stability of the American economy to extract concessions they could not obtain in the regular legislative process. 

Topic(s):
Access to Capital, Entrepreneurship, Financial Reform, General Small Business, Government Accountability, Tax and Budget Reform
Press Release Date:
Monday, May 15, 2023

Statement by Bianca Blomquist, Policy Director, California for Small Business Majority, on measures in Governor Gavin Newsom’s May Revision that will impact small business

“Governor Gavin Newsom’s revised 2023-2024 budget proposal calls for the state to pare back funding increases for programs and services essential to job creation, workforce development, and overall small business growth. 

Many of California’s smallest businesses remain vulnerable and require resources to help them with long-term recovery; however, the governor’s revised budget failed to include several measures important to the small business community, such as the following:

Topic(s):
Access to Capital, Entrepreneurship, Healthcare
Press Release Date:
Wednesday, May 3, 2023

Latest poll reveals small businesses are feeling negatively impacted by recent banking closures

Washington, DC - Today, Small Business Majority released a new opinion poll revealing that in the past year, 55% of small businesses have found it harder to obtain new capital to grow or operate their business. 

Topic(s):
Access to Capital, Entrepreneurship, General Small Business
Press Release Date:
Friday, April 28, 2023

Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on proposed debt limit bill and its impact on small businesses

“The U.S. House Republican-led debt limit bill that passed on Wednesday is a step backward from the investments proposed in President Biden’s budget for Fiscal Year 2024. We need policymakers to come together on a serious plan to address our nation’s debt without impacting programs and hurting the economy. We are particularly concerned by the legislation’s provision to enact spending cuts on critical federal programs, reduce funding for the Internal Revenue Service (IRS), and cut spending for clean energy.  

Topic(s):
Entrepreneurship, Government Accountability, Tax and Budget Reform
Press Release Date:
Thursday, April 27, 2023

Statement by Bianca Blomquist, California Policy Director & Northern California Outreach Director of Small Business Majority, praising the California Senate Budget Committee's proposal to cut taxes for small businesses

"We are thrilled that Senate Democrats have released a plan to provide meaningful tax cuts to our state's small businesses. Under the 'Protect our Progress' budget plan, small businesses that file as C corporations will reduce their taxes by 25% by lowering the current flat corporate tax rate on the first $1.5 million of taxable income. This proposal would be a boon to our state's innovators and job creators. We know that many of our smallest and most vulnerable small businesses are still struggling to overcome challenges stemming from the pandemic.

Topic(s):
Access to Capital, Entrepreneurship, General Small Business, Tax and Budget Reform
Press Release Date:
Wednesday, April 26, 2023

Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on confirming the next U.S. Labor Secretary

“We are pleased that the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee has voted to advance the nomination of Julie Su to lead the U.S. Department of Labor. We continue to support Acting Secretary Su in this role and remain confident that she is well-equipped to lead the Department. 

Topic(s):
Entrepreneurship, General Small Business, Workforce Issues

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