Report: 41 Percent of Small Businesses Can’t Pay Rent in November

More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.

The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.

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Survey: Growing Number of Small Businesses Can’t Pay Rent

Newly released small business survey data shows that an alarming number of businesses are unable to pay rent.

Alignable released its monthly small business report for October which showed 37% of American small business owners were unable to pay rent on time or in full last month. That is up from 30% who said the same the month before.

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Inflation Is Number One Concern for Struggling Small Businesses

Newly released polling data shows inflation is a top concern for small businesses as prices continue to rise.

The National Federation of Independent Business released the survey, which shows that 30% of owners named inflation as the single-most important problem in running their business.

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Poll: One-Third of Minnesota’s Small Businesses Couldn’t Pay Rent in September

The rent delinquency rate decreased in Minnesota in September compared to August, Alignable reported.

From Sept. 16 to Sept. 29, the online referral network for small businesses polled 4,232 randomly selected small business owners across the country.

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Maricopa County Approves New Program to Give Small Businesses a Larger Share of Its Business

Maricopa County announced Monday that the Board of Supervisors approved a new Small Business Advocacy Program (SBAP), which aims to provide these local enterprises with a larger share of county business.

“The program is about making sure that small and local businesses are being given a chance to sell goods and services to the county. The county buys everything from baby diapers to xenon light bulbs, we buy dentists and landscapers, plumbers and engineers – you name it – we probably buy it. It is a Board priority to support small and local businesses, when it makes sense, for purchases that are under $100,000 and not covered under an existing contract,” said the Maricopa County Office of Procurement (MCOP) in an email to the Arizona Sun Times.

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Job Creators Network CEO Alfredo Ortiz Explains the American Small Business Prosperity Plan

Tuesday morning on The Tennessee Star Report, host Leahy welcomed Job Creators Network’s CEO Alfred Ortiz to the newsmaker line to discuss the American Small Business Prosperity Plan and reversing course in 2024.

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Job Creators Network Partners with Newt Gingrich for ‘American Small Business Prosperity Plan’

A small business advocacy group has partnered with former Republican House Speaker Newt Gingrich to announce a plan on Wednesday to boost small businesses, fix the economy and provide opportunities for all Americans. The group announced the plan at Washington, D.C.’s Capitol Hill Club with a variety of speakers, including Gingrich who appeared live from a virtual location.

The Job Creators Network says the purpose of their American Small Business Prosperity Plan is to give members of Congress and their midterm challengers specific policies that would move America toward a positive, pro-growth economic agenda.

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Report: Record 63 Percent of Small Businesses Freeze Hiring

Small businesses are increasingly unwilling to hire because they can’t afford to take on new costs, according to a newly released survey.

The small business network company Alignable released the survey Wednesday. It found that 63% report putting hiring on hold “because they can’t afford to add staff, and 10% of that group is laying off workers.”

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Small Businesses Might Drop Obamacare as Premiums Skyrocket

Health insurance premiums offered under the Affordable Care Act (ACA), colloquially known as Obamacare, will rise next year, hitting small businesses particularly hard and potentially pressuring them to drop out of the program.

While recent provisions in the Inflation Reduction Act have provided additional subsidies for individual consumers that will likely offset the increased cost of premiums, no such support was granted to small business owners, according to the Wall Street Journal. Insurers are proposing median premium increases of 10%, but some are proposing increases as high as 20%.

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Connecticut Republican Gubernatorial Candidate Bob Stefanowski Vows to Target Hundreds of Licensing and Regulatory Fees Small Businesses Forced to Pay

Republican candidate for Connecticut governor Bob Stefanowski pledged last week to cease collection of the hundreds of licensing and regulatory fees small businesses and entrepreneurs are forced to pay prior to their repeal by the next legislature.

“Now I know everybody’s gonna jump up and down, you can’t do that, OK,” Stefanowski said Tuesday, according to CT Mirror. “I’m going to tell [the tax commissioner] to do it.”

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Nearly Half of Small Businesses Are in Hiring Freeze, Citing Inflation and Costs

Nearly half of small business owners are not willing to hire because of labor costs and “skyrocketing inflation,” a newly released small business report shows.

The small business network Alignable released its July Hiring report which found that “45% of small businesses (SMBs) are halting their hiring, largely because they say they can’t afford to add staff.

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National Federation of Independent Business Endorses Senate Candidate J.D. Vance

The National Federation of Independent Business, which represents thousands of small businesses in Ohio, opted to endorse JD Vance in the race for U.S. Senate.

The group, known as the “voice of small business, backed the Republican over Democrat nominee Tim Ryan.

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Big Business Wins Again: Biden Climate Rules Will Hurt Small Companies Most

America’s top financial regulator issued climate disclosure rules that are more burdensome for smaller companies than large companies, according to the agency’s own analysis.

While the rules would cost large corporations $640,000 at first and $530,000 in subsequent years, they would cost smaller publicly-traded companies $490,000 initially and $420,000 in following years, the Securities and Exchange Commission (SEC) said in its proposal. The regulator’s analysis suggests that smaller companies would feel a relatively larger financial burden as a result of the proposed disclosure rules.

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Small Businesses Struggle to Survive in Biden’s Economy: Poll

Small business owners are increasingly pessimistic about U.S. economic conditions and overwhelmingly support an expansion of domestic fossil fuel infrastructure, the latest polling data showed.

Just 27% of small business owners agreed the economy was in “good” or “excellent” condition, according to a Job Creators Network Foundation poll released Friday and shared with The Daily Caller News Foundation. The figure represented the lowest rating of the current economic situation among small business owners since the group began the poll a year ago.

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Food Trucks Will Be Able to Operate in Multiple Counties Under New Georgia Law

Gov. Brian Kemp signed a trio of bills he says will help small businesses in the state, including a measure that allows food trucks to operate in more than one county without needing multiple permits.

“As a small business owner for more than 35 years, I have always applied a pro-business approach to governing, helping to cut red tape and ensure we have an environment that allows good Georgia companies to thrive and serve their customers,” Kemp said in an announcement.

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Connecticut’s Gas Tax Holiday Providing Savings, but Impacting Small Businesses

While Connecticut’s gas tax holiday is saving residents at the pump, the savings just isn’t enough, one industry expert says.

Chris Herb, president of the Connecticut Energy Marketers Association, said the tax holiday that expires June 30 is viewed very highly from consumers.

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Small Biz Survey: Pennsylvania Government Favors Big Business

Amazon warehouse

Small businesses worry about the power of larger corporations in the marketplace, but they’re also unhappy with the subsidies and tax breaks big businesses get from the government.

A survey of independent small businesses published by the Institute for Local Self-Reliance showed that small businesses perceive a business climate that favors bigger companies. A majority of respondents were retailers, and businesses had an average size of 15 employees.

Survey respondents suggested a handful of policy changes they’d like to see:

Ending subsidies and tax breaks for big businesses.
Breaking up and/or regulating Amazon.
Investing in downtowns and neighborhood business districts.
Strengthening antitrust policy and enforcement.
Capping credit card swipe fees.

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Virginia Small Businesses Request Tax Relief, Lower Regulations

With Virginia’s 2022 legislative session underway, a small business association is asking lawmakers to consider tax relief, lower regulation and other policies to help the commonwealth’s business community.

The National Federation of Independent Business announced its Small Business Recovery Plan, which includes four legislation principles they hope lawmakers consider during the session. The NFIB plan includes lower taxes, repealing some regulations, financial assistance and unemployment insurance reform, which the group believes will help businesses that are still struggling from their pandemic-era losses, a labor shortage and skyrocketing inflation rates.

“Virginia’s small businesses have had a rough couple of years, starting with the pandemic and continuing with the labor shortage and disruptions to the supply chain,” NFIB State Director Julia Hammond said in a statement. “Our ‘Small Business Recovery Plan’ is a set of legislative principles that outlines the issues of greatest concern to Virginia’s small businesses. Legislators should keep these principles in mind while crafting bills during this year’s session of the General Assembly.”

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Michigan Legislature Passes Bill Aimed to Assist Small Businesses

Michigan lawmakers in both the House and the Senate overwhelmingly approved a measure that aims to ease the tax burden on small businesses in the state.

When filing federal taxes, large corporations are allowed unlimited state and local tax (SALT) deductions. However, small business, considered flow-through entities, deductions are capped at $10,000.

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Ohio Law Puts Small Businesses on Level Ground with Big Box Stores During Emergencies

Gov. Mike DeWine signed a bill into law Wednesday that supporters say eliminates the double standard for different Ohio businesses during the COVID-19 pandemic and other public health emergencies.

The Business Fairness Act addresses issues from DeWine’s initial stay-at-home orders that many said allowed large, national stores to remain open while mom-and-pop small businesses were forced to close.

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Commentary: IRS Guidance Would Punish Small Business Owners with Families

Outside of IRS building

Most IRS guidance documents make for poor pleasure reading. Then again, most IRS guidance doesn’t effectively impose a retroactive tax on small business owners merely for having a family. IRS Notice 2021-49, issued on August 4, includes a bizarre interpretation of the law that will effectively raise taxes for business owners with close relatives, even if their family members have no involvement in the company.

A core goal of the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed early on in the pandemic was to assist businesses in keeping employees on their payroll even as they dealt with the economic effects of lockdowns. Part of the plan was the Employee Retention Tax Credit (ERTC), which provides a tax credit against employer payroll tax liabilities.

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Facebook Buys up the Outstanding Invoices of Minority-Owned Small Businesses

Facebook is spending $100 million to buy up the outstanding invoices of small businesses owned by women, racial minorities, veterans, disabled people and LGBTQ+ people, the company announced last week.

The Invoice Fast Track Program allows certain “small, midsize and diverse-owned businesses” to submit outstanding invoices to Facebook. The tech giant then buys the invoices, giving the business cash immediately, and the business’ customers pay Facebook instead.

The program is designed to help “diverse-owned” businesses improve their cash flow and hire more employees, according to the program’s description.

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2ndVote Advisers’ Dan Grant Talks About the War on Small Business and Being Taxed Out of Existence

Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed CEO of 2nd Vote Advisers Dan Grant in studio to discuss the newly proposed Sensible Taxation and Equity Promotion Act and how it will harm small businesses.

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Tucson, Arizona Petition to Raise Minimum Wage to $15 Will Appear on November Ballot

The Tucson City Clerk approved the signatures for a petition to adopt a $15 minimum wage citywide, meaning it will be placed on this November’s ballot. If approved by voters, the minimum wage would increase incrementally for the next four years, starting in April of next year. The minimum wage would first increase to $13 next year, $13.50 by January 2023, and $14.25 by January 2024. That means the $15 minimum wage would be established in January 2025.

The city clerk’s office verified with The Arizona Sun Times that they certified the petition on Thursday, called “The Tucson Minimum Wage Act.” The petition needed over 14,800 signatures; the campaign reportedly gathered over 25,000 signatures. The campaign, Tucson Fight for $15, submitted the signatures at the beginning of this month. 

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2nd Vote Advisers Dan Grant: ‘Companies Should Be Inspired by the First Amendment’

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed 2nd Vote Advisors Dan Grant in studio to discuss his recent meetings with red-state treasurers and the divesting in corporations that do not promote the First Amendment.

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Businesses, Republicans Raise the Alarm over Biden Taxes

Local icecream shop with chalkboard menu

As President Joe Biden promotes his several trillion dollars in proposed federal spending, Republicans and small businesses are raising the alarm, arguing the taxes needed to pay for those spending plans are a threat to the economy.

The House Ways and Means Committee met Thursday to discuss infrastructure development and in particular the impact of proposed tax increases to pay for it. Rep. Kevin Brady, R-Texas, the ranking member on the committee, argued that only 7% of Biden’s proposed infrastructure bill goes to infrastructure and that raising taxes would incentivize employers to take jobs overseas.

“As bad as the wasteful spending is, worse yet, it’s poisoned with crippling tax increases that sabotage America’s jobs recovery, hurts working families and Main Street businesses, and drives U.S. jobs overseas,”  Brady said. “We cannot fund infrastructure on the backs of American workers.”

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Small Businesses Say Big Labor’s PRO Act Would Put Them Under

Rally goer holds up a "Small Business fighting for survival" sign

The Biden Administration sent some stock prices tumbling and left small businesses worried after taking sides on a hotly contested labor issue that critics say could threaten the jobs of millions of independent workers and thousands of small businesses.

In his address to the nation Wednesday evening, President Joe Biden called on Congress to pass legislation that would ban the use of freelance workers in most instances.

A report from the freelance site UpWork found that about 59 million gig workers make up $1.2 trillion of the U.S. economy.

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Hundreds of Millions in Paycheck Protection Program Loans Went to CCP-Backed Firms, as U.S. Small Businesses Went Under

U.S Small Business Administration

The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s.

This week, our award is going to the United States Small Business Administration and Treasury Department for awarding at least $200 million, but as much as $420 million, to Chinese Communist Party-linked businesses by way of the Paycheck Protection Program, intended to assist U.S. small businesses that were devastated by the coronavirus pandemic, widely believed to have originated in China.

A report from the Horizon Advisory strategic consulting group illustrates how negligible congressional oversight allowed at least 125 Chinese firms to “take advantage of the international disaster” by benefitting “directly from U.S. investment and relief measures.”

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Tennessee State Rep. Chris Todd Joins Host Leahy to Speak About His Role in the House and Keeping in Touch with Constituents

Thursday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Jackson, Tennessee’s State Rep. Chris Todd to the newsmakers line to discuss his background and the importance of keeping in touch with constituents.

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Financial Expert and Fox Business Contributor Liz Peek Outlines Democrat Priorities in Biden’s Big Budget American Rescue Bill

Monday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed financial expert and Fox Business contributor Liz Peek to the newsmakers line to explain the true meaning of Biden’s American Rescue Bill.

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Ohio Lawmakers Form Business First Caucus Aimed to Help Small Business

A group of Ohio lawmakers want to focus on the state’s below average ranking for economic performance by creating a bipartisan Business First Caucus.

The group, headed by state Sens. Mark Romanchuk, R-Ontario, and George Lang, R-West Chester, said it’s aimed at small businesses, staying at the center of major tax and regulatory reform while promoting ideas and legislation that positively impact small business in the state.

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Newt Gingrich Commentary: Small Business Will Continue to Suffer Unless We Reopen Society

Small businesses have been decimated by the pandemic shutdowns. Many have struggled to survive. Many have had to lay off employees. If they haven’t closed their doors yet, the next six to nine months will be a real challenge.

There is some help on the way. The Small Business Administration has released a second round of the Paycheck Protection Program (PPP) — a forgivable loan program designed to assist small businesses with money to stay afloat. Part two of the PPP opened on Jan. 15.

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Public Affairs Strategist Clint Brewer Talks 2021 and the Need for Kids to Get Back to School

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed all-star panelist Clint Brewer to the studio to weigh on how he saw 2021 and the need for our children to get back to school.

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Aid Applications Open for Michigan Businesses Flooded by Rain

Applications are now open for Michigan’s small businesses impacted by excess rain from Oct. 1, 2019 through June 2, 2020.

The U.S. Small Business Administration (SBA) is making Economic Injury Disaster Loans of up to $2 million available to eligible small businesses, agricultural cooperatives, and nonprofits in Clinton, Gratiot, Ionia, Isabella, Midland, Montcalm, Saginaw, and Shiawassee counties.

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Gov. Northam Announces Rebuild VA Grant Fund Eligibility Expanded

The eligibility for the REBUILD! VA Grant Fund for businesses, nonprofits impacted by COVID-19 has been expanded to a wider scope of small businesses, according to a news release. 

The expansion of grant program, administered by the Department of Small Business and Supplier Diversity (SBSD), now includes small hotels, bed and breakfast facilities and Virginia film companies as well as companies that provide goods or services to eligible businesses. 

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More Than Half of Business Closures Caused by Economic Lockdowns Are Permanent, Yelp Data Show

More than half of American businesses that closed down due to economic lockdowns are permanently shuttered, according to data Yelp published Wednesday.

There’s been a 23% increase in the number of business closures since mid-July, with the number of permanent closures reaching 96,966, representing 60% of closed businesses that will not be reopening, the data show.

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Virginia Loan Authority has Millions of Unused Funds Available for Small Businesses, Report says

The Virginia Small Business Financing Authority (VSBFA) is doing a poor job issuing loans for small businesses with millions in unused funds available, according to a new report by the Joint Legislative Audit and Review Commission (JLARC) released Monday. 

The VSBFA is a part of the Virginia Department of Small Business and Supplier Diversity, but operates separately from the rest of the agency. 

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NFIB Survey: 1 in 5 Small Business Owners Say They Will Close If Economic Conditions Don’t Improve Within Six Months

More than 20 percent of small business owners said they will have to close permanently if current economic conditions do not improve within the next six months, according to a survey conducted by the National Federation of Independent Business.

The largest small business association in the U.S., headquartered in Nashville, conducted the survey to assess the financial health of small businesses.

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Paycheck Protection Program Is Supporting More Than 51 Million Small Business Jobs, Trump Administration Announces

The $670 billion Paycheck Protection Program (PPP) has supported more than 51 million jobs since its launch in April, the Treasury Department and Small Business Administration announced Monday as it released information on 4.9 million loans disbursed by the program.

“The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country,” Treasury Secretary Steven Mnuchin said in a statement Monday.

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Coronavirus Restrictions Devastate Black Business Owners, Who Are Down 41 Percent: Study

The coronavirus pandemic has led to the largest drop in small business ownership in the United States, hurting black business owners the most, according to a June study from an economic research organization.

3.3 million business owners are not actively working, and 22% of the closures came during the February-to-April window of coronavirus restrictions, reported Axios, citing a National Bureau of Economic Research working paper. In the whole Great Recession of 2008, small business owners shrank by 730,000 at 5% reduction, the study noted.

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U.S. Senate Passes Bill to Help Small Businesses Gain Easier Access to Federal Assistance

The U.S. Senate passed the Paycheck Protection Flexibility Act Wednesday night to make it easier for small businesses to access loans through the Paycheck Protection Plan (PPP). The bill awaits President Donald Trump’s signature.

Introduced by Republican Congressman Chip Roy of Texas and Democratic Congressman Dean Phillips of Minnesota, the bill eases restrictions for small businesses that were approved for the PPP program.

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Boutique Venues of Nashville Owner Dan Cook Can’t Get Response From Mayor Cooper’s Office Regarding His Declining Business

On Friday’s Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Michael Patrick Leahy and all-star panelist Crom Carmichael welcomed the owner of Nashville Boutique Venues Dan Cook to the newsmakers line.

During the third hour, Cook described his attempts to contact Mayor John Cooper’s office to discuss the phase openings and how it’s negatively impacted his business. He expressed his disappointment that he has not received any type of return communication from the mayor’s office after several attempts but appeared hopeful with the local media attention he’s been able to attain.

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Owner Carey Bringle of the Peg Leg Porker BBQ Restaurant in Downtown Nashville Joins Leahy to Discuss His Recent Letter to Mayor Cooper

Live from Nashville, Tennessee, Friday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m.– Leahy was joined on the newsmakers line by Carey Bringle who is the local business owner of the popular BBQ restaurant located in The Gulch of downtown Nashville the Peg Leg Porker.

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Business Groups Paint Dim Picture of Ohio Economy, Urge DeWine to Reopen ‘Sooner Rather Than Later’

Six of the state’s most influential business organizations sent a letter to Gov. Mike DeWine last week urging him to reopen the economy as nearly one million Ohioans have now filed unemployment claims since the start of the coronavirus pandemic.

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