California Small Business Owner Highlight
Alfredo Zendejas co-owns Accesorios Zendejas along with his wife, Leticia Sanchez, in Los Angeles, California. A true mom-and-pop enterprise, Alfredo and Leticia work together to design, create and deliver custom decorative pieces for quinceñeras, baptisms, weddings and other special occasions.
As the year comes to an end, it's important for businesses to be prepared for what's to come in 2020.
Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in California. California’s 3.9 million small businesses employ seven million people, which amounts to about half of the private workforce, according to the U.S. Small Business Administration.
Small Business Majority, as part of the Responsible Business Lending Coalition, submitted comments to the Department of Business Oversight regarding implementation of California's SB 1235, the nation's first truth in lending law for small business financing. We urged the Department to implement strong standards that will ensure small business owners have the opportunity to understand the financing they are being offered in a clear, concise manner that enables informed comparison across all their financing options.
Small Business Majority writes in support of SB 65, which extend tax credits to individuals struggling to access affordable healthcare. The legislation would significantly improve affordability for thousands of low- and moderate-income individuals and families, including many entrepreneurs and small business employees by creating and increasing subsidies for individuals who earn up to 600% FPL.
Small Business Majority writes in support of AB 414 and SB 175 which would reinstate a penalty for lacking coverage in California and grant Covered California the ability to set this penalty amount. This will prevent the predicted increases in healthcare costs and uninsured rates in California, directly benefitting small businesses who struggle to keep up with the high costs of healthcare.
California small business owners broadly support proposed healthcare reforms that would expand access and address affordability, according to new scientific opinion polling. The poll found large majorities of California small business owners support expanding the existing system of premium subsidies to help more people purchase insurance. They also broadly support other proposals aimed at addressing underlying cost and affordability issues across the healthcare system.
Access to capital is consistently one of the most pressing issues for small business owners. A recent survey conducted by Greenberg Quinlan Rosner Research for Small Business Majority found California small business owners are worried about predatory lending and agree that there should be stronger regulations on online lending. The poll was a national online survey of 500 small business owners with an oversample of 141 California small business owners and conducted between September 29 and October 4, 2017.
A scientific opinion poll released by AARP and Small Business Majority shows a strong majority of California small business owners support the creation of a voluntary, portable retirement savings program that would allow employees to more easily save for their financial future. What's more, small business owners believe offering such a program to their employees would give their business a competitive edge.
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