Monthly Archives: May 2010
Older Americans increasingly create corporations
With the recession leaving many of the nation’s more seasoned workers unemployed, it seems many older Americans opted to create a corporation instead of take entry level positions elsewhere.
Employment Index shows small businesses steadily creating jobs
According to the Small Business Administration, small businesses have created 64 percent of net new jobs in the past 15 years. Now, the latest report from Intuit’s Small Business Employment Index reveals that SMBs are continuing to keep the economy on track through making hires.
Connecticut in need of business formation aid to economy
The Bureau of Labor Statistics reports that sustained business formation rates will be essential to economic recovery. With this in mind, the state of Connecticut may be in dire need of startups soon.
Economists push for more federal aid for small businesses
Recently, the Obama administration supported legislation that would bring nearly $30 billion worth of funds to community banks to increase small business lending, but some officials believe more needs to be done to boost small business formation and – hopefully – hiring rates.
Business formation rates on the rise in spite of recession
Many economists say small businesses will be needed to lead the nation out of recession. With this in mind, it may come as good news that the Kauffman Foundation recently released a study revealing that 2009 saw a dramatic increase in business formation rates.
Investment firm Popular wins shareholders’ approval for amendments to articles of incorporation
Investment firm Popular recently announced that shareholders approved a proposal to amend its Restated Articles of Incorporation. The amendment will enable the company to increase the shares of common stock, which will slightly reduce the value of each shareholder’s ownership of the company.
Ohio small business lending may soon be on the rise
The U.S. Bureau of Labor Statistics says sustained business formation is necessary to maintain economic recovery. In some areas of the country, new companies and new jobs are needed more immediately. For instance, the BLS reports that Ohio currently has an unemployment rate of 11.5 percent.
SBA and Comcast connect California small businesses with startup seminars
The U.S. Small Business Administration prides itself on its ability to counsel and assist small business owners who visit its online forums. Now, the SBA is partnering with Comcast to help bring its solutions directly into the homes of small business owners.
Proposed tax cuts in Massachusetts may improve business formation rates
A recent survey from the Small Business & Entrepreneurship Council says that Massachusetts is one of the 10 least business-friendly states in the country. The council says it has one of the worst corporate tax systems in the nation. But this may soon change.
North Carolina tax cuts may create incentives for business formation
As part of a proposed $18.9-billion budget plan, the North Carolina Senate has announced it aims to cap the tax burden on small businesses. The legislation is part of the state government’s effort to boost the local economy.
