March 26, 2013 |
A notable piece of small-business news on Capitol Hill concerns a tax proposal that could lift some of the uncertainty entrepreneurs complain about. Under a proposal announced this month by House Ways and Means Committee Chairman Dave Camp (R., Mich.), a popular tax deduction for equipment purchases would become permanent and be set at $250,000, aside from annual inflation adjustments. Known as the Section 179 deduction, it is scheduled to drop to $25,000 in 2014. It was set at $500,000 from 2010 through 2013.
May 13, 1986 |
The record number of people attending the annual Small Business Fair at the Spectrum yesterday learned, among other things, that most offices in Japan lack central heating. The Japanese attack this problem with the Mimi Warming Panel, an electrical appliance big enough to warm just one individual very close by, according to Decorative Energy Products in Philadelphia, which distributes the panel. The photo in the brochure showing an executive at his desk leaves little doubt as to the high status of that individual.
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.
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.
November 21, 2010 |
The Friday after Thanksgiving has seen Ali Kutner practicing a sad custom in recent years. She opens her Bohema Artisan & Vintage Boutique on Ridge Avenue in Roxborough, only to experience none of the buying mania that prompted the day's designation as Black Friday - black as in profitable . "I've been here for a couple of Black Fridays now, and I might as well not be," Kutner lamented last week. "People aren't running here. " And perhaps they won't be this Black Friday, either.
November 23, 2015
The two visitors from England occupied window seats at HubBub Coffee in Center City on a recent rainy afternoon, huddled over hot drinks and the real reason they had stopped in: free WiFi access. Free for them, but not the coffee shop's owner. When Internet squatters' time at a small business lasts long after they've swallowed the last sip of their caffeinated cover, that WiFi becomes an even pricier perk, said Alan Jacobson. He and friend Jesse Bookspan are out to change that with GuestNet, a software and hardware product that aims to make small-business owners money off every log-on to the WiFi they offer.
July 29, 2016 |
Small-business advocates attending a champagne brunch and panel discussion on the state of micro-business and microfinance in Philadelphia Wednesday got a shot of inspiration from a surprise guest. An hour into the 90-minute event, held in conjunction with the Democratic National Convention, Rhett Buttle hurried into the meeting room at the Hotel Monaco on Independence Mall. A familiar friend to small business, most recently as president of the Small Business Majority, Buttle was coming with added clout.
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