US small Business News Round-up – 2009/03/23

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:

  • Recession Challenges Small Businesses: The persistent recession keeps a group of small-business owners worried, but with a glimmer of optimism.
  • A Town Reborn Faces a New Threat: The recession has taken a heavy toll on the small businesses of Beacon, N.Y., a decade after a renewal attracted antique stores, restaurants and other shopkeepers.
  • Entrepreneurial Edge: As Credit Cards Falter, the Cash Variety Gains Popularity: The economy’s troubles have deepened the growth of cash cards, which act like portable checking accounts.
  • Bill would increase tax deduction for new small businesses: A new bill to increase the start-up tax deduction for new small businesses…
  • Investors request $4.7 billion in Fed loans: Investors requested $4.7 billion worth of loans from a new government program that aims to jumpstart lending to consumers and small businesses, the Federal Reserve Bank of New York said Thursday. Investors _ such as hedge funds, private equity funds and…
  • Why bailout money goes to banks, not us: As President Obama promised Monday to halt the $165 million in bonuses to disgraced financial wizards at insurer AIG and announced a new $15 billion government lending program for small businesses, ordinary people were asking a simple question: Why not give…
  • Obama’s newest plan directs aid to small firms: President Obama freed billions of dollars to help the nation’s small businesses on Monday, hoping to get credit flowing again to Main Street, not just Wall Street. He heaped praise on the little guys of American industry, often overshadowed in the blitz of…
  • Banks must report small business lending: The Obama administration announced Monday that the 21 largest banks receiving U.S. government money must report monthly on how much they lend to small businesses.
  • Market space issues study on cloud computing: “Cloud computing will create new business opportunities by reducing start-up and maintenance costs, give individuals and businesses of all sizes access to incredible processing power once reserved for only the largest enterprises, increase productivity, and speed up innovation while…
  • Sun announces new cloud computing services: Sun Microsystems is making a new push into cloud computing Wednesday by announcing plans to offer an Internet-based service that will rent out data-storage and processing capacity to developers, start-up businesses and others who may not want to invest in building their own data center.
  • At Sports Events, a Media Company Finds a Growing Niche: The economic tailspin has claimed many victims, including thousands of small companies. Arena Media Networks, a New York-based start-up, may be bucking the trend.>

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

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