Welcome to this week’s Small Business News Roundup! The biggest story this week — and it’s one that will certainly affect small businesses — is the tax cut discussion going on between Congress and President Obama.
But as we keep one eye on that, let’s turn the other eye toward some other small business stories such as the pair of senators pushing for the implementation of important small business initiatives, the rise in optimism among small business owners, federal investigations into certain small business funding over the past couple years, and how to develop a social media strategy for an enterprise.
- Treasury Urged to Speed Small Business Loan Fund: From Accounting Today, “Senators Mary L. Landrieu, D-La., who chairs the Senate Committee on Small Business and Entrepreneurship, and George LeMieux, R-Fla., sent a letter last week to Geithner requesting swift implementation of the Small Business Lending Fund and the State Small Business Credit Initiative, two provisions in the Small Business Jobs Act of 2010.”
- Index Shows Small Businesses More Positive About Year to Come: The Wells Fargo/Gallup Small Business Index has some good news this week: “small business owners were expecting revenues, cash flow and capital spending to improve in the next 12 months.” This comes after a year when small business owner optimism had dropped to its lowest level ever, so this is definitely a step in the right direction.
- Small-business contracts under scrutiny from several federal agencies: From The Washington Post, “A half-dozen federal agencies are looking into alleged abuses of small-business contracts, some involving Alaska native corporations that have received hundreds of millions of dollars in recent years under special set-aside rules.”
- HOW TO: Define a Social Media Strategy for Enterprise: This article from Mashable addresses how to take a social media strategy for a small business and expand it when your business gets just a bit larger than “small.” This may come in handy for those of you who have been hiring more employees and are looking to grow even more in 2011.
What’s new in your small business world this week?