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.
Experts predict that small businesses will lead the economy toward recovery. SMBs have created 64 percent of net new jobs in the past 15 years, according to the Small Business Administration, and continued small business formation is needed to reduce the current unemployment rates.
In a trying economic climate, deciding where to get a loan can be tricky for startup business owners. After all, not all funders are equal.
At the beginning of 2010, Ernst & Young funded a study to determine the likelihood of success for female MBAs entering the workforce. In spite of women’s higher college GPAs, the study showed females take home just 80 percent, on average, of what their male colleagues earn.
Some say the economy is slow to recover, but if business owners’ optimism is any indication of the things to come, turnaround may come sooner rather than later. A recently released survey from the National Federation of Independent Business shows entrepreneurs’ confidence is at its highest point since September 2008.
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.
The Small Business Administration reports that small businesses are predicted to lead economic recovery as SMBs have created 64 percent of net new jobs in the past 15 years. Now, the administration is making an effort to spur business formation – and job generation – with an appeal to increase credit for small businesses.