US Small Business News Round-up – 10/11/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from the United States:

  • Small Businesses React to Obama’s Election: Small business owners around the nation were split down the middle when it came to voting in Tuesday’s election. An Election Day poll for business owners on Inc.com reflected an exact 50/50 divide between those voting for McCain and those voting for Obama. Now that the election is decided, small business owners are looking towards the future under an Obama presidency.
  • Cloud Computing: The OnlineOffice Benefits: ‘Cloud Computing‘ is in the media everywhere these days. What does is mean and how is it going to help your small business or home business?
  • Small-Business Owners Lobby to Cut Credit Card Fees: With business slowing and every dollar important to their bottom line, some merchants are pushing for changes.
  • Health care reform, transportation top business wish list for Obama administration: Maryland business groups say health care, spending on infrastructure and relief for small businesses were among their top priorities as a new administration prepares to take over the White House in January.
  • Small businesses rethink holiday spending: Many small businesses are scaling back their holiday plans not only because of budgets and cash flow but because some owners believe these hard times call for less frivolity.
  • MCC closes $4.5M in Loans: Mercantile Commercial Capital LLC of Altamonte Springs, a company specializing in placing U.S. Small Business Administration 504 loans, closed four loans worth $4.5 million in September.
  • Small Business Finds Online Banking More Accommodating: According to Aite Group, 53 percent of banks it surveyed for commercial online banking support are noticing greater retention rates after migrating the small-business clients to a business-banking platform from a retail consumer-oriented solution. This underscores the growing trend toward specializing services for the small business market; 65 percent of that segment plans to actively use such services by the end of the year.
  • Obama’s economic agenda could affect small business: A new Democratic administration and Congress means that 27 million U.S. small-business owners — already shaken badly by the economic slump — could face an array of new issues, from potentially higher taxes to costlier workplace benefits.
  • Software engineer funds nonprofit studies program at gordon College: A local software entrepreneur has helped fund Gordon College’s new Center for Nonprofit Organization Studies and Philanthropy, which now is offering a minor in nonprofit management and social entrepreneurship that college officials call a first of its kind among Christian liberal arts campuses nationwide.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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