Buying Local: Quick Fix or Long-term Solution?

  Government, Politics and the Economy Pitching in for Main Street: A Short-Term Fix or Long-Term Prosperity? The economic downturn has prompted many consumers and neighborhood groups to actively support small businesses in their local communities, as residents pitch in to try to avoid boarded-up shops on Main Street. Still, it remains unclear whether buy-local campaigns provide just a short-term boost or a lasting impact on revenues. WSJ.com Dumbest Moments in Business 2009 The first six months of 2009 has, so far, been filled with business and economic decisions that have left us all scratching our heads. From this embarass... [Read Full Article]


Is the Recession Stimulating the Growth of Small Business?

  Government, Politics and the Economy Recession May be Stimulating Increase in Non-Employer Businesses According to the latest Census figures, 2007 saw a million new non-employer businesses in 2007, for a total of 21.7 million, that together had sales of nearly $1 trillion, about 7% of the 2007 US GDP. BusinessWeek.com Senate Plan to Overhaul Healthcare may Advance on $1 Trillion Pricetag According to Senate Finance Committee Chair Max Baucus, the cost of the healthcare reform options before his panel can be cut to $1 trillion, which could remove a major barrier to the bill’s passage. Bloomberg.com... [Read Full Article]


Obama: Small Business Key to Economy

  Government and Economy Obama: Small Business Key to Economy In a speech welcoming winners of an SBA award to the White House's East Room, President Obama acknowledged that small business is responsible for half the nation's private sector jobs and so deserves support from Washington. Google.com/AP Congress Failing American Small Business While they talk a fine game, when it comes to action on supporting what they, themselves, describe as the “backbone of the economy” our legislators seem happier to play possum. HuffingtonPost.com [Read Full Article]


Emergency SBA Loans to be Available in June

  Government and Economy Emergency SBA Loans to be Available in June According to the SBA, a new emergency loan program to help struggling-but-viable small businesses will be open for applications in mid-June. CNNMoney.com Merced County: Desperate for Small Business With a staggering 22% unemployment rate and ranking Number Two in the nation in foreclosures, Merced County in California is now pinning its economic hopes on small business. BusinessWeek.com [Read Full Article]


Local Economies – Local Currencies

  Government and Economy Local Economies – Local Currencies Borrowing from a Depression-era idea, more and more communities are aiming to help consumers make ends meet and support struggling local businesses by printing and circulating their own currencies. USAToday.com Energy Tax Breaks to Benefit Small Businesses...Eventually It may take a little while, but most of the small business energy incentives in the economic-stimulus plan will eventually trickle down from state and local governments. WSJ.com Management and Financial Issues [Read Full Article]


Solis Promises More Job Training and Stricter Workplace Enforcement

  Government and Economy Solis Vows to Bolster Job Training, Enforcement New Secretary of Labor Hilda Solis won’t waste time making her presence felt by companies that her agency determines are subjecting employees to dangerous working conditions or are shorting their pay. Workforce.com How to Spot the Recovery Tech consultant Gene Marks describes the tools and bellwethers he uses to estimate when business will pick up. BusinessWeek.com Management and Financial Issues [Read Full Article]


Small Biz Cries Foul on Obama Tax Hikes

  Government and Economy Small Business Cries Foul on Tax Hikes Small business owners and their Washington advocates are coming out against President Obama’s plan to raise income tax rates for America’s wealthiest in 2011, calling it is an ill-timed attack on small businesses that will stymie job growth. Politico.com Card Check Far From Decided Both sides argue it’s a matter of fairness. According to Labor, the secret-ballot system invites employer intimidation. For the employers, an open card check system means more union pressure on their employees. Both sides are gearing up for a fight. Bloomberg.com ... [Read Full Article]


The Last, Best Hope for Small Businesses: Their Customers

Government and Economy Last Best Hope for Small Businesses: Their Customers The Obama Administration's economic stimulus plan doesn't have much that might directly benefit small businesses. Economists, however, see salvation for those companies closer to home with their own customers. Gregg Withdraws From Commerce Secretary Nomination Senator Gregg made a statement regarding his withdrawal from consideration as U.S. Commerce Secretary, stating that he found “irresolvable conflicts” on policy between himself and the president. Stimul... [Read Full Article]