All Articles Tagged "small business news"
(The Grio) – In a win for President Barack Obama and his political allies, Senate Democrats on Tuesday won a crucial vote to clear the way for a bill to create a $30 billion government fund to help open up lending for credit-starved small businesses. Democrats cracked a GOP filibuster of the bill with the help of two Republicans: Sens. George Voinovich of Ohio and George LeMieux of Florida.
(New York Times) –For the first time since 2005, the Small Business Administration reports that the share of federal contracts going to small business increased over the past year. But the federal government still fell short of its small-business contracting goals, and longstanding criticisms about how the government keeps score continue to cast doubt on the agency’s report card.
(Wall Street Journal) – Regulars at Peter Luger Inc., the iconic steakhouse in Brooklyn, N.Y., know the drill. If they’re not toting cash or the restaurant’s own credit card, they’ll have to run to the nearest cash machine when it’s time to pay the bill. The steakhouse, like a number of small businesses, has long refused to take credit because of high interchange or “swipe” fees paid to card companies and banks.
(Entrepreneur) — For glass-half-full types, President Barack Obama’s proclamation this spring that his administration “is committed to helping small businesses drive our economy toward recovery and long-term growth” was another indication that small business has a true ally in the White House.