March 26, 2012 |
The good news is that optimism among small business owners has risen for six months in a row, according to the National Federation of Independent Business (NFIB). The bad news is that it is still slightly lower than it was a year ago. Consumer optimism also slipped according to the University of Michigan. Consumer spending, 70 percent of our economy, determines how quickly the economy can rebound. I discussed the prospects for the economy and our region over breakfast recently with Joseph Wakim.
July 9, 2010 |
Pennsylvania's U.S. Senate campaign became a battle for mayor of Main Street this week, with Republican Pat Toomey and Democrat Joe Sestak each staking a claim as the better advocate for small business. Toomey, a former member of Congress from Allentown, has been stressing his experience as the owner of a small chain of bars and restaurants in the 1990s as he calls for lower taxes and less regulation. A 30-second biographical TV ad now running, for instance, calls Toomey "a former small-business owner who has created Pennsylvania jobs.
September 22, 1991 |
Just a few short weeks ago, Businesses for Fair Consumer Taxation was a couple of cleaning ladies who were upset about a new state tax on their business. Now, they have plenty of company. On Thursday night, an estimated 150 people, men and women with businesses ranging from cleaning companies and lawn-care services to temporary employment agencies attended a rally at the Center Court Restaurant in Montgomeryville to voice their frustrations over what they called Pennsylvania's most recent assault on the small-business world.
October 1, 1987 |
The race for mayor yesterday saw candidates Frank L. Rizzo and Mayor Goode offer their views on economic issues, and it saw Rizzo take Goode to task for remarks made by a supporter. Both Rizzo, the Republican candidate, and Goode, a Democrat, appeared at a candidates' forum sponsored by PSFS at which they were asked to present their views on economic issues affecting small businesses in the city. But before either candidate took part in the late-afternoon event, Rizzo had already taken a shot at Goode by demanding that the mayor disavow as racially divisive remarks made by City Councilman Angel L. Ortiz at a rally for Goode on Saturday.
September 25, 2012 |
PARIS - Europe needs jobs, and French entrepreneur Daniel Joutard wants to create them, hiring more employees for his skin-care products company. Yet he can't take the risk - in large part because of France's inflexible workplace protections. The 37-year-old is among thousands of small- and medium-size business owners who will be crucial to helping France - like other countries in Europe - reduce a double-digit jobless rate, and ultimately shrink its hefty state budget deficit by bringing in more tax revenues.
September 3, 2015 |
Next time you stop by a Joe Coffee shop for a cup of joe, or United by Blue to buy clothing or accessories, know that you are in the midst of a financing revolution known as alternative lending. Both start-ups have grown because of it. So, too, have talks in Washington on whether it requires more regulatory scrutiny. Alternative lending is partly inspired by the raise-it-quickly popularity of crowd-funding to help entrepreneurs get ideas to market. The lenders, funded by private investors, aim to serve the nation's 28 million small businesses with loans of $50,000 to $500,000 - sizes that banks consider too time-consuming and costly to offer.
December 12, 2011
Wells Fargo & Co., the bank with the most deposits and the most branches in the Philadelphia region, said Monday that it is giving the Wharton Small Business Development Center at the University of Pennsylvania $500,000 to help entrepreneurs start and expand businesses. The multi-year grant will be used to support the small-business center's courses and consulting programs. The Wharton Center said it has worked with 25,000 business over 30 years. - Harold Brubaker
May 24, 2011
As part of a push to hire 1,000 small-business bankers across the nation, Bank of America said today that it had hired 11 lenders in Southeastern Pennsylvania and six in South Jersey, based at branches in Camden, Burlington, Ocean, and Atlantic Counties. Last June, Bank of America had 102 branches with $7.7 billion in deposits, for a 6 percent market share, in the eight-county Philadelphia area. -Harold Brubaker
May 2, 2013 |
In the same way that every day is children's day, isn't every week small-business week? The difference is that for children, play is their work, while for small-business owners, never-ending work is their work. So perhaps a week that acknowledges their toil, appetite for risk, and economic impact is appropriate. This year, the U.S. Small Business Administration will stage National Small Business Week with a series of events from June 17 to 21. If you absolutely cannot wait until June, however, you can celebrate what the Greater Philadelphia Chamber of Commerce is calling its inaugural Small Business Week from May 13 to 17. Yes, the region's largest chamber of commerce says this will be its first such week.
November 14, 2012
The Pennsylvania Public Utility Commission on Tuesday upgraded its online electric-shopping tool to add enhancements targeting small-business customers. The site, www.PAPowerSwitch.com , previously focused primarily on residential customers, but now includes competitive offers for small business customers. For instance, 10 suppliers have posted offers for Peco Energy Co. "general service" customers, the rate classification for small businesses. The offers include discounts up to 17 percent off Peco's default rate.