Bank of America says it will increase the amount it spends on small, medium-sized and diverse businesses, and pledges to purchase $10 billion in products and services from them over the next five years.
Business confidence in Massachusetts rose into positive territory for the first time in more than two years, according to a recent report from the Associated Industries of Massachusetts.
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.
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.
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.
In a recovering climate, many entrepreneurs may consider starting the companies they’ve always wanted. The decision about whether to incorporate a company should be simple, according to VentureBeat.
According to the Small Business Administration, SMBs are responsible for 64 percent of the net new jobs created over the past 15 years. With this in mind, government leaders are looking to increase small business formation with the hopes of recovering the economy.
Some entrepreneurs think the brilliant business idea is all they need to make it big. Unfortunately, there are some logistics that can keep even the greatest concepts from launching into successful businesses – like credit scores.