Florence Morning News, November 12, 2019 Lexington County Chronicle, November 13, 2019 BY FRANK KNAPP JR. Guest Columnist When the Labor Department job numbers for October came out showing that 128,000 jobs were added nationwide last month, The New York Times headline was “Job Market Shows Resilience.” What the headline…
Oregon senator wants to give small businesses a tax break for hiring the first employee
USA Today November 6, 2019 By Rhonda Abrams Special to USA TODAY In my USA TODAY column in November 2009 – 10 years ago – I proposed a new idea: a tax credit for small businesses who hire their very first employee. Throughout the last decade, I’ve repeatedly advocated this “first…
Wyden Introduces Bill To Boose Capital Access For Small Businesses
Today, Senator Wyden introduced the Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success Act (the PROGRESS Act) on a bicameral basis with Rep. Judy Chu in the House. The PROGRESS Act creates two new tax incentives to unlock the growth potential of all small businesses, designed to…
Recent radio interviews on Protect Democracy USA and the Enhance Entrepreneurship for the 21st Century Act
On September 13th on WVOC in Columbia, SC, Frank Knapp talks about the Protect Democracy USA campaign to raise the voice of small businesses demanding that Congress and the President take immediate action to address foreign interference in the nation’s elections. Listen here. On September 25th on WRHI in Rock…
New York Takes Action to Protect Small Businesses Nationwide from Predatory Lenders
Bloomberg August 30, 2019 Cuomo Signs Bill Cracking Down on Small-Business-Loan Abuses By Zachary Mider Ban on out-of-state confessions of judgment has national scope Law will restrict use by unregulated cash-advance lenders New York Governor Andrew Cuomo signed a bill aimed at preventing predatory lenders from using the state’s court…
Hike: Fed raises interest rates for businesses and consumers
MultiBriefs Exclusive March 23, 2018 By Seth Sandronsky As the economy grows and a low jobless rate of 4.1 percent continued for a fifth straight month, the Federal Reserve Bank under Chairman Jerome Powell took action March 21. In a statement, the U.S. central bank announced that it will “raise…
Government to Back Bank’s Loans to Black Business Owners
Small Business Administration teams up with black-owned Liberty Bank in bid to boost access to capital By: Sharon Nunn Wall Street Journal June 14, 2017 WASHINGTON-The Small Business Administration said Wednesday it is teaming up with New Orleans-based Liberty Bank to guarantee loans for black business owners, the first such…
Small business entrepreneurship is on the decline
A new report from the Center for American Progress has a dire warning for our nation’s future. Small business ownership rates have been trending down since the early 2000s. “Looking at all households who are earning income, business ownership steadily declined from 14.6 percent in the period from 1998 to…
Are online business loans turning into predatory lending?
As a result of the Great Recession the flow of capital to entrepreneurs and small businesses went from a uniform stream to a trickle. Traditional financial institutions largely closed the capital pipeline as they considered small businesses to be too risky a venture. Even today when banks are saying they…
Endangered Species: Young U.S. Entrepreneurs
The Wall Street Journal January 3, 2015 New Data Underscore Financial Challenges and Low Tolerance for Risk Among Young Americans By Ruth Simon and Caelainn Barr The share of people under age 30 who own private businesses has reached a 24-year-low, according to new data, underscoring financial challenges and a…