John Arensmeyer, CEO of the liberal-leaning Small Business Majority, says that while his group supports changing the law to increase the amount of small business lending, "we want to make sure that any changes maintain the CRA’s focus by benefiting small businesses in underserved areas."
Trying To Goad More Small Business Bank Loans? Somebody Will Object.
Business leaders hope Trump tackles infrastructure, immigration reform in State of the Union
John Arensmeyer, founder and CEO of the advocacy organization Small Business Majority, said he would like to hear Trump discuss moves to strengthen health care for small businesses.
“The health care marketplaces must be bolstered,” Arensmeyer said. “This includes guaranteeing payments to insurers for cost-sharing subsidies, which help many solo entrepreneurs and small business employees afford health coverage.” Arensmeyer went on to say that Small Business Majority recommends reinstating the Affordable Care Act’s risk corridor program to help protect against carriers overpricing or...
In 2018, Trump must be the small-business champion he claimed to be
President Donald Trump’s first year in office was deeply disappointing for small business owners. While he promised to advocate for small employers when he took office, he instead focused on a tax bill that benefits large corporations far more than Main Street small businesses.
But 2018 is an opportunity for a fresh start, and if President Trump truly wants to tackle small business issues this year, there are several key policies he could promote that would help America’s job creators succeed.
His best employee is an inmate from a prison he didn’t want built
Ron Nelsen has been in the garage door business since 1976. He can't recall a time when it's been this difficult to find workers for his family business, Pioneer Overhead Door in Las Vegas.
When his assistant handed him Ian Black's résumé in April, it seemed like a godsend. Black had more than a decade of experience.
Then Nelsen noticed that all of Black's recent jobs were at a state prison.
Black is an inmate at Casa Grande, a work-release facility that's a seven-minute walk from Pioneer Overheard Door. Nelsen knew the place well. He and other...
Tax Credit Aims To Boost Availability Of Paid Family Leave, But Will It Work?
Tucked into the new tax law is a provision that offers companies a tax credit if they provide paid family and medical leave for their lower-wage workers.
Erik Rettig, an expert on family leave policies at the Small Business Majority, which advocates for those firms on national policy, says a tax credit, claimed at the end of the year, is unlikely to encourage small businesses to offer paid family and medical leave.
"It isn't going to help the family business that has to absorb the costs of this employee while they're gone," Rettig says.
How One Mom Changed Lyft’s Paid Family Leave Policy
With little fanfare, Lyft recently significantly expanded the amount of time its workers will be able to take paid family and medical leave, one of a small but growing number of U.S. companies stepping up to meet the needs of the modern workforce. Though a majority of children are now being raised in families where all parents work, only a handful—14 percent—have paid family leave.
Many small businesses, including members of the Small Business Majority, support a federal plan because they don’t have the resources to provide paid leave on their own.
Where there's equality, there's a better chance for economic progress
Forbes calls attention to the latest edition of the Queer Money podcast, which looks at how Ohio Business Competes is working to advance the economic argument that LGBTQ equality is good for business. Here are a few highlights, via Forbes:
A recent study by the Small Business Majority showed that the desire to improve LGBTQ protections "isn't just a big-city, large-corporation need. The Small Business Majority found that 65% of small business owners, those with 100 employees or fewer, said they don't believe a business should be able to discriminate against potential...
Here's How To Get Both Democrats And Republicans On Board With LGBTQ Protections
A recent study by the Small Business Majority showed that the desire to improve LGBTQ protections isn’t just a big-city, large-corporation need. The Small Business Majority found that 65% of small business owners, those with 100 employees or fewer, said they don’t believe a business should be able to discriminate against potential LGBTQ customers or employees because it hurts the overall economy.
Of course, Ohio Business Completes is reaching out to businesses of all sizes, not just the Proctor & Gambles’ and Abercrombie & Fitchs’ of Ohio with lots of money and ability to...
New LGBT report and ad: Impact of patchwork of nondiscrimination protections (VIDEO)
Half of LGBT people live in states lacking nondiscrimination protections for public accommodations despite broad public and business support for such protections. A 2017 PRRI poll found that 72% of Americans support laws that protect LGBT from discrimination in employment, housing, and public accommodations, and a 2017 Small Business Majority poll found that 65% of business owners are opposed to businesses being permitted to deny service to LGBT people because of religious beliefs.
For small businesses, taxes just got more complicated
As the new tax plan takes effect, wading through how the changes affect me as a small business owner is causing major headaches.
Curbing immigration means curbing job creation
A week in which President Donald Trump ended protections for immigrants from El Salvador and rejected a bipartisan framework to restore Deferred Action for Childhood Arrivals (DACA) culminated in the president displaying shocking ignorance about why immigrants from certain countries seek a new life in the United States.
The answer to your question, Mr. President, is simple: Many of them come to the United States to realize their entrepreneurial dreams, which is why we must restore DACA.
Student Debt, a Burden for Female Entrepreneurs
About 48 percent of millennials say student debt hurt their ability to launch a new venture, a 2016 poll from Small Business Majority finds.
Get started: Association health plans
Small business advocates are split over the Trump administration's plan to allow what are called association health plans, or group insurance plans that would permit small companies to buy insurance in states where they're not located. Critics of the proposal, including some small business advocates as well as insurance industry groups, said that while it would benefit some companies, others could find their insurance costs rising sharply.
The proposal would "create parallel insurance markets for small businesses, leading to major spikes in premiums for small firms...
In Austin, Female entrepreneurs talk challenges
"Access to capital is one of the top issues that business owners find challenging," said Geri Aglipay, who handles Midwest outreach for Small Business Majority. "Increasingly, banks are not lending to small business owners."
Small Business Majority is a national education and advocacy organization founded in 2005 with 10 state offices across the country. Their efforts focus on issues facing small businesses, defined as having 100 employees or less.
Trump’s deregulation drive is epic in scale and scope. And yet ...
Another area of concern is the push to loosen financial regulation passed after the financial crisis. Many experts on the left and right say the Dodd-Frank financial reforms could use some revision or streamlining. But businesses aren’t for simply jettisoning regulations, says John Arensmeyer, founder of Small Business Majority, a nationwide employer group advocating for policies to help small firms. “Small businesses recognize that you need rules of the road to run the economy.”
How the Small Business Majority Can Help Your Startup
Mary Overbey didn’t realize just how many resources and professionals were available to small business owners when she and her husband, Eric, decided to turn their side jobs into a full-time business. Now as the Missouri outreach manager for the national organization Small Business Majority (smallbusinessmajority.org, 417-872-9924), Overbey helps entrepreneurs who are just starting out get their companies up and running.
Paid family leave begins in New York
New Yorkers gained a new safety net on Jan. 1. The state’s new paid family leave law is among the most generous in the nation, allowing job-protected time off to bond with a new child, care for sick family members or pitch in when a loved one in the military is deployed.
Erik Rettig, the northeast/mid-Atlantic director of the Small Business Majority, said the law will be beneficial to small businesses. “Many small employers want to offer paid leave benefits to their employees, but simply don’t have the resources to do so,” Rettig said in a statement. Small business owners support...
The only people getting an early Christmas present because of this tax plan are wealthy corporations, not small business owners like me. The tax plan was supposed to make the system easier but it will only make filing my taxes more confusing.
Tax bill won't boost small firms
As a CPA and small business owner, I know first-hand how bad the tax bill will be for small businesses. Despite promises to provide a boost to small businesses and the middle class, their proposals will instead benefit large corporations and the wealthy.
How does the GOP tax overhaul impact small businesses?
The NSBA did not support the GOP tax plan at first, but after much internal discussion and analysis finally came around, according to spokesperson Molly Day.
That point is a sore one for John Arensmeyer, founder and CEO of Small Business Majority, a network of 55,000 small business owners. "The major focus of the legislation is to slash corporate tax rates from 35 percent to 21 percent, even though only 5 percent of small businesses pay corporate taxes," according to a statement by Arensmeyer.