EIDL Funding Restricted

As more business interests look to survive the unprecedented challenges of the coronavirus pandemic, funds for government assistance and business loan programs have rapidly been stretched to their limits. Just this week, the SBA dramatically restricted access and financing limits when it reopened the Economic Injury Disaster Loan program (EIDL). The program, which previously offered…

Read More »

Congress Replenishes PPP Fund

The US House gave final legislative approval to a bill refunding of the Paycheck Protection Program yesterday with an additional $310 billion and sent the bill to the President Trump, who has already signed it into law. The law immediately provides additional funding to the PPP for forgivable loans to small businesses and with that…

Read More »

Ohio Workers Comp Board OKs Dividend

Following up on a hearing we told you about last week in Small Regular, the Ohio Board of Workers Compensation gave its blessing to a proposal of Governor Michael DeWine that the Board pay out employer dividends in the amount of $1.6 billion as a vehicle to help the state’s business community deal with the…

Read More »

“You Didn’t Build That!”

Back during his reelection campaign in 2012, President Barack Obama famously lectured – or scolded – successful business owners on how or why they became successful – opining that others owned some responsibility for their success. “Somebody invested in roads and bridges. If you’ve got a business, you didn’t build that, somebody else made that…

Read More »

Miscellaneous

It’s official, with October job growth numbers, US employers have added jobs to their payrolls for 109 months straight – the longest stretch of job creation the government began collecting those records in 1939! On average this year, employers have added 167,000 jobs per month! It should be no surprise then that small business optimism…

Read More »

Alabama House Delays Fair Franchising Vote

Notwithstanding the momentum that the Alabama Franchisee Association and local franchise owners across the state have generated in support of the Protect Alabama Small Business Act (SB 129/HB 352), the Alabama House has postponed a final vote on the bill that was expected to happen this week. There is still a strong possibility that the…

Read More »

Alabama Senate Approves Franchising Bill

The Alabama state senate this week approved the Protect Alabama Small Business Act by an overwhelming vote of 26 -2! The bill now moves to the Alabama house where it has an equally encouraging chance of passage and could be brought for a final vote as early as next week. The Protect Alabama Small Business…

Read More »

The Impact of Minimum Wage Hikes

It has long been a subject for debate whether an increase in the minimum wage has a negative impact on local economies, but in response to 43 state and local minimum wage hikes over the past several years compiled by the Employment Policies Institute, business owners from across the country have reported that they have…

Read More »

SBA Regulatory Reform Schedule

The Small Business Administration (SBA) keeps marching ahead under President Trump’s orders to find and eliminate regulatory burdens on small businesses. The agency has held a number of Regulatory Reform hearings around the country over the past year and continues to schedule the public forums. Upcoming Regulatory Reform hearing, at which small business men and…

Read More »

Miscellaneous

Small business optimism has reached its highest level since 1983, when Ronald Reagan was President – almost 35 years ago. Earlier this week, the National Federation of Independent Business released its annual Small Business Optimism Survey showing that all but 2 of the 10 measurement components improved over the last month and that a full…

Read More »