The Maryland General Assembly made history this year when it passed the Healthy Working Families Act (HB 1), which would benefit the state’s small businesses and their employees by allowing workers at firms with 15 or more employees to earn paid sick days, while employees at firms with fewer than 15 employees would be able to accrue unpaid sick leave. Unfortunately, Gov. Larry Hogan (R) claimed that the bill would be “dead on arrival” if it reached his desk, even though the legislation would level the playing field for small firms that want to provide these type of benefits. Although Hogan...
If Gov. Hogan Wants to Help Small Businesses, He Should Sign Paid Sick Days Bill
To fight Goliath, David-sized businesses need help on retirement plans
Now that National Small Business Week is here, lots of lawmakers will be telling us about the importance of fighting for the interests of America’s job creators. It is hard to take some of those claims seriously, however, since politicians in Washington, D.C. are close to killing a federal rule that makes it easier for states to establish retirement savings plans that benefit small businesses.
During the Obama administration, the U.S. Department of Labor gave more options to small businesses that don’t offer retirement programs by permitting states to create a public/private...
Public Lands Are Responsible For Billions In Consumer Spending, & Trump Wants To Sell Them Off
The Small Business Majority, a nonprofit advocacy group, recently released a report that showed that national monuments strengthen local economies by drawing visitors who stay for several days and spend money locally. Such expenditures “are especially important in rural areas where local economies and small businesses may be particularly reliant on income derived from tourism and outdoor recreation,” the report said.
National Small Business Week 2017 Kicks Off April 30
U.S. Small Administration kicks off National Small Business Week 2017 on April 30 in the nation's capital by having SBA Administrator Linda McMahon recognize and award the nation's top small businesses, entrepreneurs, small business advocates and champions.
Supporting Sponsors: Small Business Majority
Reader Feedback: Savings plan good for small businesses
Colorado lawmakers are considering a bill that would establish a publicly administered retirement savings plan that is available to private-sector workers. I support the Secure Choice Savings Plan because it would give more options to small firms like mine that struggle to offer retirement benefits.
Since my landscaping business is not currently able to offer retirement benefits, it is sometimes difficult for us to compete in a crowded marketplace when trying to hire potential employees—especially those who would serve in management roles.
Retirement benefits, however, don’t...
Bill to create mandatory paid-family-leave program gets Colorado House approval
A proposal that would require businesses across Colorado to participate in a state-run, employee-funded paid-family-leave system received approval from the Colorado House for the first time on Friday, moving to the Senate on a Democratic-led party-line vote.
House Bill 1307 — the third iteration in the past four years of the FAMLI program, sponsored this year by Democratic Rep. Faith Winter of Westminster — assesses fees on employees statewide to build up a pool of revenues that could be used by workers whose companies don’t offer paid family medical leave.
Should home cooks be able to sell meals out of their kitchens?
It would also provide an avenue for legitimate entrepreneurship, said Mark Herbert, California director for Small Business Majority, a small business advocacy organization.
Senators Peters, Collins Introduce Bill To Help Small Businesses Applying For Federal Contracts
'Small businesses would benefit greatly from the Procurement Fraud Prevention Act,' said John Arensmeyer, Founder & CEO of Small Business Majority. 'Many small businesses are falling victim to scams after they register with the System for Award Management to compete for a contract because they do not realize they are entitled to free registration and procurement assistance through existing federal programs. Small business owners have enough to worry about without scammers making them think they need to pay additional fees to compete, and we encourage lawmakers to approve...
Paid family leave program
Colorado lawmakers are considering the FAMLI Act, which would create a family medical leave insurance program for our state. Having a program like this would go a long way towards leveling the playing field for small businesses like mine and would help me attract top-level talent.
At C Enterprises, I think of my employees like family. Many of them are single moms or from low-income backgrounds, and I know that having a paid leave policy in place would be a huge financial safety net for them. But like many small employers, I simply cannot afford to offer such robust benefits on my...
Lawmakers should support family medical leave legislation
This week, Colorado lawmakers will vote on the FAMLI Act, which would create a paid family medical leave insurance program in our state. As a small-business owner, I know that employees need options that allow for work/life balance in a way that also makes sense for their employers.
Many small business owners agree that offering paid family and medical leave isn't just the right thing to do, but that it makes good business sense. In fact, recent scientific polling conducted on behalf of Small Business Majority found a majority of small businesses support paid family and medical...
How to Cash in on the Gig Economy
Four in 10 self-employed workers don’t have a retirement account, according to a survey from Small Business Majority. Opening an Individual 401(k), a Simple IRA or SEP IRA may be viable ways self-employed individuals can save for retirement. Even just stashing some money in your savings account monthly can go a long way. While it might be tempting to splurge now, the payout could be huge in the future.
Despite Partial Repeal, Small Business Owners Still Have Much to Fear From HB 2
It’s no secret that HB 2 has been nothing short of an economic disaster for the state. PolitiFact found that the discriminatory law already cost North Carolina around $500 million and a minimum of 1,400 jobs. The Associated Press estimated that the law would eventually cost the state $3.76 billion if left in place. Given the clear economic consequences of HB 2, it’s disappointing that lawmakers made a deal in March to only partially repeal it, because that compromise could still pose a danger to North Carolina’s small business ecosystem.
Retirement programs good for business
Colorado lawmakers may soon vote on a bill to establish a Colorado secure choice savings plan, which would allow employees to contribute to publicly-administered retirement accounts through modest payroll deductions.
This would be a huge benefit to small businesses that struggle to offer retirement benefits. My business, Pagosa Baking Co., is one of many in Colorado that simply cannot afford to offer retirement options. Providing this benefit would help with long-term employee retention and might encourage a more stable workforce in our tourism-dependent town.
Small business owners support Secure Choice
Congress is planning to vote soon to overturn a Department of Labor rule that makes it easier to set up state-sponsored retirement programs, like the Secure Choice program being implemented here in California.
As a small business owner who’s looking forward to using Secure Choice, I’m concerned about the impact this will have on our program. I know firsthand that many small businesses don’t have the resources to set up a retirement savings account. That’s why California’s Secure Choice Program will help small businesses like mine compete with larger companies when it comes to hiring...
Benefits make more productive staff
Many small-business owners disagree with your recent editorial labeling two bills under consideration by the Colorado General Assembly this year as being anti-business and a threat to good jobs. In reality, the Family and Medical Leave Insurance Act and Colorado Secure Choice Savings Plan would be great for small firms and their employees.
The act would establish a state-administered paid family and medical leave insurance program, funded entirely by modest employee contributions, that would provide workers with up to 12 weeks of paid leave to care for a family member.
Benefits of the Colorado Secure Choice retirement plan
Lawmakers in Washington, D.C., quietly took steps in recent months to make it more difficult for employees of small businesses to access retirement plans. They voted to end a U.S. Department of Labor rule that allows local governments to establish publicly administered retirement savings programs for private-sector workers. Fortunately, lawmakers here in Colorado have a chance to give more options to small businesses that don’t offer retirement programs by establishing a public-private partnership that would allow private-sector employees to contribute to an individual retirement savings...
Work in the Gig Economy? Don’t Miss Out on Retirement Savings
If you’re self-employed, you have many of the same options, but according to a new study by Small Business Majority, a small business advocacy group, 40% of the self-employed population doesn’t have a retirement account like an IRA or 401(k). When asked why, 38% said that they don’t make enough and another 31% said they don’t get paid regularly enough to set aside money.
Paid leave benefits small firms
As a small business owner and a new dad, I have unique insight into paid family and medical leave. It's considered common sense that new parents are in favor of paid leave, but a majority of small business owners also support these programs.
President Trump has said he supports a paid leave policy, and implementing one at the national level would immensely benefit small businesses. According to a recent poll for Small Business Majority, 70 percent of small employers support a national paid family medical leave program. Additionally, 61 percent of small businesses, myself...
A Modest Tax Day Proposal: Help Small Business by Closing Corporate Loopholes
Everyone knows that reforming America’s tax system is among the tougher tasks lawmakers consider every year, which is why our tax code has undergone few significant changes over the last two decades. This slow pace of progress, however, is deeply harmful to small businesses that are consistently held back by tax rules that favor large corporations while hindering small firms. On this Tax Day, I offer politicians a common-sense proposal that would correct this problem: eliminate wasteful corporate loopholes while lowering corporate tax rates in a manner that ensures a net revenue increase...
Health plan would devastate business
While the failure of the American Health Care Act (AHCA), the Republican plan to repeal and replace the Affordable Care Act (ACA), was welcome news for small business owners across the country, talks of reviving the bill are worrisome. If the replacement plan had moved forward, it would have been devastating for entrepreneurs who struggled to obtain health coverage for themselves and their employees prior to the ACA.
In fact, new polling from Small Business Majority found small businesses prefer the ACA to the AHCA by a 2-1 ratio. The survey also found small businesses opposed key...