Dear Business Leader: The new tax law has been a boon for large corporations and a bust for small business. Most small business owners say they won’t be able to hire or give raises to employees due to the law. And many others are confused about…
5-minute survey for the SC Small Business Development Center
I serve on the Advisory Board for the SC Small Business Development Center. The mission of the SC SBDC is to advance South Carolina’s economic development by helping entrepreneurs grow successful businesses. The SC SBDC is conducting a survey to obtain updated information on the issues and needs of small…
Fair trade? China-US tariff tensions rise
MultiBriefs September 20, 2018 By Seth Sandronsky Take the world’s two biggest economies. Then, increase trade tariffs, or taxes, as a policy to solve disputes. President Trump said on Sept. 17 that tariffs, or taxes on $267 billion of China’s imports to the U.S., its top buyer, will begin on…
Recovering from Florence–Small Businesses & Homes
As tropical storm Florence makes its way through South Carolina, attention will soon turn to recovery. The South Carolina office of the Small Business Administration (SBA) has provided information for both small businesses and individuals experiencing property loss due to Florence. That information is below. The first step for everyone…
Business and Beyond!! Opportunities with SBA and SBDC
This free introductory webinar will provide an overview of the opportunities and resources available to assist small businesses on a variety of business topics, including start-up, marketing, management, financing and doing business with the Government. You will have the opportunity to ask questions with SBA and SBDC staff. Wednesday, August 8,…
BMW says no change in South Carolina expansion plans
New Orleans City Business The Seattle Times July 11, 2018 By: The Associated Press BMW says it is sticking with plans to add 1,000 workers in South Carolina, even though the company will start production of a new vehicle in China. BMW and Chinese partner Brilliance Automotive Group Holdings said…
More women finding freedom in franchising
GSA Daily February 12, 2018 By Teresa Cutlip Franchising in South Carolina is expected to employ nearly 138,000 people and have an economic output of $11 billion in 2018, according to data from the International Franchise Association. The forecasts are up 4.4% and 6.8% respectively from 2017. Women are finding…
OPINION: Savings plan needed for small business workers
The Greenville News December 10, 2017 Frank Knapp Jr., Guest columnist Most employers in South Carolina are small businesses with fewer than 100 employees. They provide goods and services to customers and important jobs for their employees. As you have undoubtedly heard many times before, small businesses are the economic…
Women-owned businesses in SC
South Carolina has an estimated 164,400 women-owned businesses, employing 111,200 and contributing roughly $15.7 billion in sales. South Carolina has the fourth-highest growth rate for the number women-owned firms over the past 20 years, with a 156% increase. It ranked 49th in growth of firm revenues, however, with a 47.8%…
Opinion: Small Businesses Cast Jaundiced Eye At Tax Reform Proposals
Forbes November 28, 2017 By Frank Knapp, Jr Co-chair of Businesses for Responsible Tax Reform and president/CEO of the South Carolina Small Business Chamber of Commerce You hear it from politicians all the time, particularly while they are on the campaign trail: “Mom and pop shops are the heart and…