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NEWS ABOUT: small business

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Obama to Reach Out to Small Business

Prez to unveil a $730M effort after GOP backlash on spending

(AP) - Amid misgivings over his spending blueprint, President Barack Obama will provide billions of dollars in federal lending aid aimed at struggling small business owners, the AP reports. The package, to be announced tomorrow, includes $730 million from the stimulus plan that will immediately reduce small-business lending fees and increase the... More »

In Barren Job Market, to Get a Job, Create One

Recession becomes the mother of invention for would-be businesspeople

(Newser) - New businesses are sprouting up across America as unemployed people running out of time and money decide that the only way to get a job is to create one, the New York Times reports. Economists say now is the time in the downturn cycle when "forced entrepreneurship" starts,... More »

10 Best Cities for Small Business

(Newser) - Despite tough economic times, an analysis of the country’s 100 largest metropolitan areas offers hope for those looking to launch a small business. Portfolio and BizJournals list the cities that are most conducive:
  1. Raleigh, NC: The only market to rank among the top 10 in many key categories—growth,
... More »

Laid-Off? Be Your Own Boss

Interest in small business is booming as unemployment rises

(Newser) - The pink slips are flowing, but that’s not halting thousands from using severance packages and savings to found their own businesses, the Christian Science Monitor reports. The new gigs often bear little resemblance to past ones—one Wall Street exec now walks dogs—and differ from the economy at... More »

Japan Throws $16.7B Lifeline

The bailout aims to help smaller business outside of banking or corporate sectors

(Newser) - Following in the footsteps of America and Europe, Japan is offering $16.7 billion to companies threatened by the financial crisis, moving outside the banking sector to take equity stakes in smaller companies that otherwise can't find financing, the Financial Times reports. The 1.5 trillion yen package aims to... More »

Obama Wants to Revive 'Death Tax'

Estate levy set to expire in 2010; Dems want richest 2% to pay up

(Newser) - With the estate tax—a levy on inheritances dubbed the “death tax” by opponents—set to expire in 2010 as a last gasp of President Bush’s 2001 tax cuts, Barack Obama and fellow Democrats are looking to keep America’s richest paying up, the Wall Street Journal reports.... More »

Debate Puts Spotlight on 'Joe the Plumber'

McCain mentions make Ohio man America's most famous plumber

(Newser) - Joe Wurzelbacher found it "pretty surreal" to become the focus of last night's presidential debate, the Ohio plumber tells the AP. "Joe the Plumber" was mentioned more than 20 times in the debate—more than Iraq or the economy—as John McCain and Barack Obama sparred... More »

Federal Cash Is Not Welcome at Small Banks

But US will pressure some to accept it anyway

(Newser) - The government’s plan to buy $250 billion worth of bank investments was greeted with cheers on Wall Street and in Congress, but with jeers by many bankers, the Washington Post reports. “We don't need a bailout,” said one indignant small-bank chief, “and if other banks had... More »

Small Businesses Feel Credit Crunch Trickle Down

High rates, worry about economy keep many from expanding

(Newser) - Small businesses, which employ 40% of the workforce and account for half the nation’s output, are starting to be squeezed by the credit crisis, reports the New York Times. Many find themselves denied credit, offered loans at exorbitant rates, or too worried about the economy to borrow. “Small... More »

Raising Deposit Insurance May Save Bailout Package

Help for George Baileys could win over balky politicians

(Newser) - A plan to boost deposit insurance for bank accounts is gaining traction in Washington and could help rescue the rescue package, the Wall Street Journal reports. Community bankers have been pushing hard for a hike from the current $100,000 limit to $250,000. The move, which would also ease... More »

Obama Adds Hillcare to Health Plan

Nominee credits former opponent

(Newser) - Barack Obama has modified his health care platform with a policy straight from Hillary Clinton’s book—and he gave her credit, calling it "an idea championed by my friend Hillary Clinton, who's been leading the way in our battle to insure every American." The addition is a... More »

One-Man Beer Outfits Take Brewing Micro Indeed

Super-small operations cater to niches in US niche markets

(Newser) - Some so-called “microbreweries” have grown much too large to use that sobriquet, but as certain outfits outgrow the label, others are just growing into it. Portfolio's Lew Bryson introduces the future of beer: one-man brewing. In a market where once-boutique names like Sam Adams and Sierra Nevada now command... More »

Get The Best Tech for Your $$$

Get the best technology for your small business in 2008

(Newser) - Some technologies are worth it, others are a waste of your dime.  BusinessWeek selects the most valuable for your small business:
  1. Increase your network bandwith.
  2. Set up remote access.
  3. Focus on a few key reports from your database system.
More »

Best States for Small Business

Some states love small business a little more than others. CNNMoney names the top 10

(Newser) - If you want your seed of genius to grow, plant it in the right soil. CNNMoney finds the most small-business-friendly states:
  1. South Dakota: No tax personal income, capital gains, corporate income, or corporate capital gains and low energy costs.
  2. Nevada: No income, capital gains, corporate income, or corporate capital gains
... More »

It's as Plain as the Glasses on Your Face

Company puts a phone number—and a reward —on your lost specs

(Newser) - Americans spent $445 million replacing lost eyeglasses last year; one small company aims to come to the rescue by selling tiny tubes of plastic that shrink unobtrusively onto the eyepiece of spectacles, carrying a code and a phone number. Finders of registered glasses get a small reward, while their owners... More »

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