Illinois, or the Prairie State as some call it, is home to 2.1 million small businesses, with over 232,000 located in the Windy City of Chicago, making it one of the most populous states for small businesses. During the COVID-19 pandemic, nearly 35% of the state’s small businesses were forced to shutter either temporarily or […]
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New Jersey serves as the headquarters for some of the largest pharmaceutical companies in the world and is known for its sprawling suburbs, manufacturing capabilities, pristine shorelines and its 861,000 small businesses. However, high taxes, bloated state budgets and little support from the state government has always made it a tough place for small businesses […]
With major economic hubs such as Miami, Orlando, Fort Lauderdale and Tampa Bay, Florida ranks number three in terms of states with the highest number of small businesses. The state’s 2.5 million small businesses rank it behind only California and Texas. With a high number of such businesses, however, comes a high amount of pain: […]
You don’t need to be an economist to know that a recession is looming in this country. Most major financial indices show that the stock market is tanking. Inflation, especially fuel prices, continues to skyrocket, despite rising interest rates. Rising prices are forcing consumers to purchase only essential goods, and two years on lockdown due […]
The importance of going green just became even more important for small construction companies, as President Joe Biden signed three executive orders on June 6, 2022 aimed at boosting clean energy construction projects and the use of domestically manufactured clean energy technology. What the Orders Entail Specifically, the orders require the US Dept. of Energy […]
Small businesses should be checking in with their state governments to see how to get a piece of the latest round of pandemic funding. In late May 2022, the US Treasury Dept. issued the first chunk of the federal government’s much-debated State Small Business Credit Initiative (SSBCI) – a $10 billion program included in the […]
There’s no doubt that these are trying times for US-based small businesses, as rising inflation and employee shortages, among other factors, are clouding their future cash flows – especially in the retail and eCommerce spaces. One of the sure ways to pad your future cash flow, increase customer loyalty and increase your database of repeat […]
A windfall of government contracts, both on a federal and state level, are on their way for small businesses over the next few years, thanks to the passage of the massive $1.2 trillion Infrastructure Investment and Jobs Act that was passed last November. The current law requires 23% of prime federal contracts be eligible for […]
With major urban hubs such as San Francisco, Los Angeles, San Diego and San Jose, California is indeed a golden place for small businesses. With 4.1 million small businesses scattered throughout the state, California boasts the largest population of small businesses in the US, eclipsing even New York and Texas. With the most small businesses, […]
Federal pandemic-related assistance for small businesses has all but dried up, as money for programs such as the Paycheck Protection Program, the Restaurant Revitalization Fund and the Economic Injury Disaster Loan (EIDL) programs have been used and Congress is pushing back hard on renewing them. As small businesses are still reeling from the current, difficult […]