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:
- After the Bank Failure Comes the Debt Collector: Some small-business owners are in peril of foreclosure after their loans, once held by banks that have since failed, were bought by junk-loan buyers intent on collecting either the cash or the collateral.
- The Local Insurance Agency Hustles in a Slump: Smaller agencies are facing competition from big agencies and the need to adjust what they offer to small businesses.
- SBA loans fall 67 percent in Arizona: SBA lending continues to decline across the state, according to figures from the Arizona district office of the U.S. Small Business Administration.
- PRstore aims at small business with first local franchise: The PRstore, a new franchise aimed at helping small businesses with marketing and public relations, has opened on Glendale Avenue in Phoenix.
- Pohlad Foundation to give $20M to those hit by recession: The Pohlad Family Foundation has pledged $20 million for services helping small businesses, neighborhoods and nonprofits hit hard by the economic downturn, the foundation announced Wednesday.
- VC investment in startups keeps falling: Investments in startups by U.S. venture capitalists dropped dramatically last quarter to their lowest levels since the 1990s, according to two separate surveys released today. All regions of the country and nearly all industries were affected, from software..
- Ohio tax climate warming to small biz: Ohio has climbed into the top 10 of an annual ranking of states with tax climates a business advocacy group considers friendly to small companies and entrepreneurs.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.