This week hasn’t been great for small business on Capitol Hill, but there is some good news from Bank of America, a call for participation for a new survey, and some advice on dealing with the media.
Let’s get started:
- Republicans Block Bill to Aid Small Businesses: The New York Times reports that a bill that would include “expanded loan programs and tax breaks” has been filibustered by Republican leaders, even though it had the support of United States Chamber of Commerce and the National Federation of Independent Business.
- Bank of America Commits $10M in Small-Business Grants: The Wall Street Journal reports that Bank of America “will commit $10 million in grants to nonprofit organizations that lend to small and rural businesses.” Nonprofits such as Community Development Financial Institutions (CDFIs) usually get their funding through the government, but since cash flow has been slowed, they haven’t been able to lend out as much. Bank of America hopes these grants will change that for the better.
- Do You Use an Aircraft for Business?: Forbes puts out a call for small to medium-sized businesses who use aircraft as a part of their enterprises. NEXA has conducted a study that found for large corporations, using airplanes makes sense, but what about for smaller businesses? This is where you come in; the group says they will “analyze the impact of aircraft on enterprise value performance, including the underlying drivers of shareholder value creation (revenue growth, profit growth, asset efficiency, customer satisfaction, etc.)” and present results at an upcoming conference.
- Making Your Biz Media Savvy: Portfolio.com has some advice on how you can work with the press to gain more valuable media exposure for your small business, even if you don’t have a presidential visit in the works. The tips are laid out in a very easy to understand — and effective — “who, what, when, where, why” format. Great ideas!
What’s new in your small business world this week?