News (2411)
Trends in Small Business Tech
In 2023, small businesses will need to embrace technology to stay competitive and scale effectively. Some key tech trends for small businesses include applied AI and machine learning, edge computing and distributed infrastructure, hyperautomation and super apps, hybrid work engagement and retention, clean energy and sustainable tech, metaverse and virtual reality, zero-trust cybersecurity and architecture, datafication and analytics, cloud-based solutions, and embedded finance. By understanding and adopting these trends, small businesses can enhance productivity, streamline processes, improve customer experiences, and ensure long-term growth.
Read more...U.S. Supreme Court Decision Upholds Small Businesses' Right to Arbitration
The U.S. Supreme Court recently ruled in favor of small business owners' rights to favor arbitration over costly litigation in their disputes. The decision, handed down in the case of Coinbase Inc. v. Abraham Bielski, affirms that arbitration can be a preferable alternative to litigation. The ruling serves to safeguard small business owners' rights to arbitration, while also protecting their right to appeal a district court's decision. This article was published by Small Business Trends on July 5, 2023.
Read more...Small Businesses Take Stand Against Federal Minimum Wage Increase
The National Federation of Independent Business (NFIB) has filed an amicus brief in the State of Nebraska et al. v. Martin Walsh, a case currently being heard at the U.S. Court of Appeals for the Ninth Circuit. The case is asking whether the Department of Labor's (DOL) decision to raise the minimum wage for federal contractors is in line with the power granted by Congress under the Federal Property and Administrative Services Act. Nebraska and 20 other states are arguing that the DOL's rule exceeds the authority granted by Congress. This move could potentially bear significant implications for small businesses nationwide.
Read more...NFIB Advocates for Small Businesses in Hearing on Tax Policies
The National Federation of Independent Business (NFIB) voiced its concerns about the future of small business taxes during a hearing held by the U.S. House Budget Committee. Kevin Kuhlman, NFIB Vice President of Federal Government Relations, argued that unless Congress takes action to extend the beneficial tax provisions from the Tax Cuts and Jobs Act (TCJA) of 2017, small businesses will face a substantial tax increase. Most of these provisions are set to expire at the end of 2025.
Read more...Concerns Over New Energy Dept. Rule Impacting Small Business
Congressman Roger Williams (R-TX), Chairman of the House Committee on Small Business, and Vice Chairman Blaine Luetkemeyer (R-MO), issued a statement expressing concerns over a new regulation from the U.S. Department of Energy. The congressmen contend this new rule could potentially burden small businesses, stifle innovation, and increase operating costs. Chairman Williams has been vocal about the adverse impacts of what he views as over-regulation on small businesses.
Read more...American Express Announces Next Round of Shop Small Accelerator
American Express announced the next round of its Shop Small Accelerator program on July 03, 2023. The program is designed to help small businesses in the United States to grow and succeed. The program includes mentorship, access to resources, and a grant of up to $25,000.
Read more...Mayor Bowser Announces Additional $2 Million Available to Support Local Small Businesses
Mayor Muriel Bowser recently announced that an additional $2 million will be available to support local small businesses in Washington, D.C. The funds will be used to help small businesses that have been adversely affected by the COVID-19 pandemic. The funds are being provided by the Department of Small and Local Business Development and will be used to provide grants and other forms of assistance. This news was reported by EIN Presswire.
Read more...Congress Studies Policies That Threaten Innovation
Small businesses are the backbone of the economy in the Chicago area, representing over 99% of all Illinois businesses and supporting almost half of the state's workforce. The COVID-19 pandemic spurred even more growth, with a 69% increase in small business startups in 2021. Inspector Social helps business owners understand their digital real estate needs, leveraging the latest innovations in social media, e-commerce, platform marketing and more to achieve their business goals. However, Congress is pursuing legislation that discourages innovation, ultimately dissuading American technology companies from expanding and impacting the cost and accessibilty of technology services for small business owners.
Read more...JPMorgan Chase Highlights Small Business Growth in Dallas
JPMorgan Chase showcases the thriving small business scene in Dallas.
Opinion: It's encouraging to see JPMorgan Chase shining a spotlight on small businesses in Dallas, recognizing their contributions to the local economy and fostering entrepreneurial growth.
Read more...Small Businesses Are Pioneering the Four-Day Work Week
Small businesses lead the way in implementing a shorter work week.
I believe that small businesses setting an example with a four-day work week is a positive step towards improved work-life balance and employee well-being.
Read more...
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