Small Business

Governor Haley, help our small farmers

The floods of last year were very hard on the impacted small businesses of South Carolina. Some experienced severe water damage to buildings and inventory.  However all small businesses in the flooded areas saw decreased consumer demand and thus lower revenue. But your typical small business was able to ride out the losses on their […]

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State needs better balance in growing economy

Statehouse Report February 12, 2016 By Andy Brack The traditional way states grow jobs is to lure new plants and investment from outside. But that strategy is being challenged by community developers who say it’s smarter to grow from within. A new report by the Center on Budget and Policy Priorities says states should build

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Knapp: Good teachers could be key to SC economic development

The State January 31, 2016 If we hire a good teacher for every classroom, that will mean better-paid consumers in every rural community We can frame rural education improvement instead as a rural economic development issue and put our Department of Commerce in charge Columbia, SC In her Jan. 19 column (“Key to improving poor

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Small Businesses Get a Permanent Tax Break on Buying Equipment

New York Times December 23, 2015 By STACY COWLEY Tucked inside the mammoth tax and spending bill passed by Congress this month is a much-anticipated provision that will lock in a large tax break for small-business capital investments that has been temporary until now. The break is intended to make it more affordable for small

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Midlands Shoppers Support Small Business Saturday

WLTX-TV November 28, 2015 Columbia, SC (WLTX) – Extreme holiday shopping continued on Saturday for Small Business Saturday. Several Midlands shop owners we spoke with say it was a success. People took advantage of the deals at the shops on Devine Street. Melissa Armstrong is a new business owner of the gift shop Gibson’s on Devine

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Small business doing even better now on job creation

According to a Wall Street Journal story last week, “Smaller Firms Lead the Way in Hiring”, the small businesses of this nation “are hiring at a faster rate than their larger brethren after lagging behind much of the economic recover.” No one should be surprised by the first part of this statement. Exact statistics on

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South Carolina insurer shutting down, blames drop in Obamacare payments

Charleston Post and Courier October 23, 2015 By John McDermott A North Charleston-based health insurer that provides coverage for about 67,000 individuals and small businesses in South Carolina is shutting down because of a sharp cut in reimbursements from the Affordable Care Act. Consumers’ Choice Health Insurance Co. has agreed to a voluntary “run-off” and

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Most franchise owners not impacted by National Labor Relations Board ruling

First, I’m not a labor relations lawyer. But having said that, McDonald’s and most other franchise owners shouldn’t be worried about the National Labor Relations Board (NLRB) ruling yesterday on what constitutes a “joint-employer” status. That ruling, which essentially returns to pre-1980’s standards for what constitutes a joint-employer relationship, doesn’t appear to be a threat

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