Small Business World News Round-up – 2009/06/23

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 around the world.

US Home & Small Business News Roundup

  • Industry Urges Congress to Revise Small Business Funding Program:- The House Small Business Committee’s Subcommittee on Contracting and Technology recently held a hearing on legislation that would revamp small business innovation research (SBIR) and related Small Business Technology Transfer programs.
  • ‘Green shoots’ won’t bring back jobs yet:-Small business owners expect to see an upswing in the economy over the next three months, according to a recent survey of National Federation of Independent Business members, but big problems remain in areas like credit availability and employment.
  • Economists, small business owners say health reform key to economic reviva:- The idea that the US can’t afford comprehensive health care reform during a recession, as pushed by some opponents of President Obama’s call for reform this year, is flat out wrong, said a statement signed by more than 330 economists and released this week by the Institute for America’s Future.
  • Small business owners’ confidence rises:- Confidence among U.S. small businesses rose for the first time since April as pessimism about the economic outlook abated, a private survey showed.
  • Changes to SBA Loans Provides Help to Small Businesses:– Many argued that the recently passed economic stimulus bill included very little to help small businesses in the United States. Small businesses (those with less than 100 employees) directly employ some 40 million people in the United States and are a driving force in the economy. As such, many felt there should have been more relief for this important sector of business. Considering General Motors has or will receive some $50 billion in US Government aid and directly employs less than 100,000 persons, it certainly seems like a valid argument.

Canada Home & Small Business News Roundup

  • Private Lender:- Where can entrepreneurs go when the bank says, “No”? One small business financing alternative is the private lender. This interview with one private lender tells what private lenders look for before investing and one way to find one.
  • Filing Income Tax Late:- What happens if you file your income tax late. Part of the income tax FAQ for Canadian small businesses.
  • Business number Definition:- A definition of business number and an explanation of how to get a business number for Canadian small business owners.
  • Capital Cost Allowance:- A definition of Capital Cost Allowance and an explanation of how Capital Cost Allowance relates to income tax deductions for Canadian small business owners.
  • This Is a Fine Time to Start a Small Business: Nearly three-quarters (74%) of respondents to the Staples Canada national small business quarterly survey said their business had held steady in the past three months, up from 64% of

Australia Home & Small Business News Roundup

India Home & Small Business News Roundup

  • Kalam pills for MSMEs: The former president, Dr A.P.J. Abdul Kalam, on Sunday said MSMEs in Commonwealth nations needed to play catch-up in terms of competitiveness and this would require the combined effo-rts of researchers, technologists, engineers, business leaders as well as political systems. India ranks 50th in global competitiveness.
  • Commonwealth countries to explore small, green business mantra…:- Bangalore, June 20 : As the world grapples with economic meltdown, around 30 Commonwealth countries, including India, are set to explore small and green business opportunities for livelihood solutions to the rural poor. …
  • India did not want trade talks to collapse:- In his address at the US-India Business Council (USIBC) summit, Sharma cited the findings of a study on India Inc’s role in the US and said: “During the period 2004-07, the Indian industry had contributed $105 billion to the US economy…. max247 Direct Mail For Your Small Business – Targeting Customers by Zip Code – http://a295b.easyurl.net; max247 Want To Be An Entrepreneur Start A Home Based Business … http://bit.ly/ETzal; max247 @JerineYvonne who was u cakin wit …
  • APSFC to extend financial assistance to entrepreneurs:- RAJAHMUNDRY: Andhra Pradesh State Financial Corporation (APSFC) will be extending Rs 1,000 crore as financial assistance for prospective entrepreneurs this year, a top official has said.
  • India’s Exim Bank gets $60 mn to support small businesses:- The Export-Import Bank of India is getting a $60 million international trade facility to help support export-focused small and medium enterprises, which have suffered reduced access to finance due to global financial crisis.

UK & Ireland Home & Small Business News Roundup

  • Business owners value advice from family members:-A new report suggests that small business owners value the opinions of their spouses or partners when it comes to business advice. Although accountants are the most valued source for advice, bankers have fallen down the pecking order.
  • Small Businesses affected by dodgy expenses claims:- A leading law firm is urging small business employers to take a tough line on the management of expenses as the MP expenses scandal continues to make the headlines.
  • Small businesses find going tough:– Credit conditions for thousands of small business are getting worse not better, according to the Bank of England
  • Still no loans to small firms:- GOVERNMENT initiatives designed to ease funding problems for small to medium firms are having little effect, according to a Newcastle accountant.
  • Small firms waiting longer for payment:- The period of time small and medium-sized firms have to wait to be paid has extended to 73 days, according to a representative body for the sector.

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

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