State of the Union

As some of you may know I was recently appointed as a Trustee to the National Small Business Administration. One of the reasons I am thrilled to serve with this group is their stated non-partisan approach to evaluating and influencing policy. If any of you have suggestions about ways you believe the Federal Government can better serve the needs of your small business please pass them my way.  I would love to represent your ideas to the NSBA. As part of my appointment, I now have the privilege of receiving regular communications helping me and thousands of other small business owners to stay in touch with policies and programs and the impact they have on small businesses. I thought I would share the following article that was published today on the NSBA’s website helping us to understand the implications of the issues discussed during President Obama’s State of the Union Address this week. If you would like to benefit from the NSBA yourself, here’s the link: Enjoy the NSBA article in its entirety here…… On Tuesday, Jan. 28, President Barack Obama delivered his State of the Union Address which held good and bad implications for America’s small businesses. NSBA was pleased to hear the president’s support for enhancing exporting opportunities for small firms and sensible immigration reform. However, he missed the mark in calling for economic security through a drastic increase to the minimum wage and failing to offer a serious path forward on the very serious fiscal issues facing the country. Overall, the address didn’t offer a great deal of substantive policy directives and for those items he did highlight, few specifics were offered. Additionally, small business was a very small component of the speech, garnering just a few mentions with regards to the administration’s loan programs and export promotion efforts. One surprise, given predictions ahead of the speech, was far less emphasis on unilateral actions the President plans to take in the coming year. Responding to the widening gap in Congress, it was anticipated that the President would focus more heavily than he did on his plans to enact Executive Orders to move on certain issues. One Executive Order he did mention, however, was one to bump federal contractors’ minimum wages up to $10.10. This will likely create a competitive disadvantage for small contracting firms who also operate in the private marketplace.  Such a large increase will force […]

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