As the country emerges from COVID-19 restrictions, small businesses are doing better, according to a March report from the National Federation of Independent Business (NFIB). However, uncertainty about the next few months for business owners is still high, and businesses are having trouble finding qualified workers to fill positions.
“Virginia’s small businesses are working hard on their recovery but are struggling to find the right workers to fill open positions,” NFIB Virginia State Director Nicole Riley said in a Wednesday press release Read More
Virginia business advocates praised the COVID-19 stimulus package passed by Congress but said additional state action is necessary for businesses to receive the full benefits of the legislation.
The $900 billion COVID-19 stimulus provides about $325 billion in aid to small businesses nationally, including $284 billion for forgivable Paycheck Protection Program (PPP) loans, $20 billion for Economic Injury Disaster Loan grants, $15 billion for live venues, independent movie theaters and cultural institutions and another $12 billion for businesses in low-income and minority communities.
Congress’ bill also addressed a couple of concerns businesses raised regarding the first wave of PPP loans. The bill simplifies the forgiveness applications and makes the loans tax deductible at the federal level. The deductibility applies to loans that already have been received and any loans received in the second wave, which would prevent a hidden tax increase on businesses. Read More
The National Federation of Independent Business (NFIB) Research Center released a survey Tuesday that said 80 percent of small business owners are still waiting to receive a loan from the Paycheck Protection Program (PPP).
“Small businesses were prepared and ready to apply for these programs, the only financial support options for most, and it is very frustrating that the majority of these true small businesses haven’t received their loan yet,” Holly Wade, NFIB Director of Research & Policy Analysis, said. “Small businesses make up nearly half of the economy and it’s crucial that their doors stay open.” Read More
NASHVILLE, Tennessee – Eight groups partnered together Tuesday for a “No Tax on my Occupation” lobby day at the Tennessee state legislature. Read More
NASHVILLE, Tennessee — The best way Tennessee’s small business owners can help state legislators and, ultimately, themselves, is to get more engaged in state politics, said state House Speaker Glen Casada, R-Franklin. Casada made those remarks Tuesday at the Cordell Hull State Office Building while addressing members of the NFIB:… Read More
NASHVILLE, Tennessee–Tennessee U.S. Senate Republican candidate Marsha Blackburn (R-TN-07) said, if elected, she’ll vote to appoint federal judges based on whether they abide by what’s in the U.S. Constitution. Her opponent, Democrat Phil Bredesen, said voting to appoint a judge really boils down to his or her qualifications and temperament.… Read More
The National Federation of Independent Business (NFIB) has updated information for Tennessee businesses to help owners and managers keep up with what Tennessee state law requires when it comes to the E-Verify system. As of Jan. 1, 2017 – due to an update to the Tennessee Lawful Employment Act (TLEA)… Read More
Tennessee’s unemployment rates remain low and the state added 45,000 jobs the past year, the National Federation of Independent Business said. According to the March 2018 numbers from the Tennessee Department of Labor and Workforce Development, 82 of the state’s 95 counties saw lower unemployment rates that month than they… Read More
The National Federation of Independent Businesses (NFIB) rated the 110th Tennessee General Assembly on Wednesday, just few days after Tennessee’s legislative body adjourned for the year. “The Tennessee Legislature is now adjourned, but NFIB/TN worked hard to protect the state’s small business owners right until the end. In late April,… Read More
Fifty-five percent of “Tennessee members of the National Federation of Independent Business [NFIB], the nation’s leading small-business association,” oppose Gov. Haslam’s gas tax increase proposal to fund road construction, the NFIB said in a statement released on Monday. “NFIB’s policy positions are based on the direct input of our members,”… Read More