US Small Business News Round-up – 2009/02/16

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:

  • Economic recovery bill has billions in tax breaks for families, businesses: WASHINGTON – Millions of U.S. workers could soon see an extra $13 in their weekly paycheques and thousands of small businesses operating in the red could get tax refunds under the economic recovery
  • Experts concerned by consumer credit plan: Treasury Secretary Timothy Geithner proposed to put a trillion dollars into a program to boost the supply of consumer and small business credit Tuesday, but experts say the government has not yet proved it can carry out that aspect of its plan. The consumer…
  • Firms await stimulus effects: Many may not benefit directly by provisions to loosen lending backed by the Small Business Administration.
  • For small business, Valentine’s Day customers are love at first sight: They say love can fill your stomach with butterflies, but after the Valentine’s Day storm of ’07 and the economy of ’08, business owners are feeling a few themselves. “Is it going to be busy?” said Mike Martoccio, Krause’s Homemade Candy Store Manager. “How are we gonna do? It’s a lot of preparation for Valentine’s Day and you’re just hoping that it’s all worth it in the end.”
  • History keeps family-owned entities going: As the recession delivers stinging blows to many small businesses, some ventures — the ones owned and operated by families — may be in a unique position to survive and even prosper.
  • SBA Business Loans for Green Projects: The U.S. Small Business Administration’s 504 Loan program was expanded to include incentives to invest in energy efficiency and green building design features.
  • Be sure to take all deductions: It’s tax season again. And while there’s no way of avoiding it, there are ways to minimize your small business’ tax burden by taking advantage of all the deductions your business is legally entitled to, say experts.
  • Stimulus bill’s effect on SBA programs: Stimulating small firms, The compromise bill passed by the House of Representatives on Friday provides about $730 million for SBA programs, according to the Senate Committee on Small Business and Entrepreneurship. Here are some of the highlights. Many expire Sept. 30, 2010:
  • Small Business Owners Reducing Their Compensation: Majority feel that they will weather the economic storm

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

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