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Small Business & NFIB News Round-up

NFIB makes headlines as the voice of small business. Read press coverage of how we’re standing up for you on small business issues..

Worker choices still limited in Obamacare small-business plans - Worcester Telegram & Gazette - telegram.com

Date: August 15, 2014

Kevin Kuhlman, manager of federal public policy for the National Federation of Independent Business, a Nashville, Tennessee-based group that has opposed the health law, said leaving the decision on employee choice to states will further complicate the regulatory landscape for businesses. "The end result will be that SHOPs remain insignificant and small businesses will just try to keep what they have, what they currently have, for as long as possible," he said

U.S. productivity rebounds in second quarter, wage inflation muted | Fox Business

Date: August 15, 2014

In addition, there is growing anecdotal evidence that companies are raising wages. A compensation gauge produced by the National Federation for Independent Business is hovering at a seven-year high.

More Credit Unions Should Offer Credit Cards For Member Businesses - Web Only Article | Credit Union Journal

Date: August 15, 2014

Consider that 79% of small business owners use credit cards as a source of financing, according to the National Federation of Independent Businesses. Small business owners are increasingly looking to unsecured credit, rather than traditional loans, as a faster, more convenient funding mechanism. Business credit cards enable small businesses to better manage cash position and expenses, to enjoy additional purchasing power through rewards offerings, and to benefit from real-time access to cardholder activity.

California: Rising Gas Prices Equal Bad News For Politicians - capradio.org

Date: August 15, 2014

Florida Restaurant Workers Targeted in Expansion of Union Activities | Sunshine State News

Date: August 15, 2014

North Carolina: An advocate for small firms, not just his own | Charlotte Business Journal

Date: August 15, 2014

Oregon: State’s leading small business group endorses Patti Milne for Senate

Date: August 15, 2014

U.S. productivity bounce-back keeps wage pressures tame | Reuters

Date: August 15, 2014

In addition, there is growing anecdotal evidence that companies are raising wages. A compensation gauge produced by the National Federation for Independent Business is hovering at a seven-year high. Unit labor costs were previously reported to have increased at a 5.7 percent rate in the first quarter and economists had expected them to rise at a 1.4 percent pace in the second quarter.

Grassroots to Congress: Stop the EPA Power Grab | Socio Political Journal

Date: August 15, 2014

Others focused on how this rule would impact economic growth. A representative from the National Federation of Independent Business (NFIB) talked about how small businesses are hard-pressed to shoulder higher energy costs during these lean times. Hotel owners also rallied, concerned that this proposed rule would reduce visitors to mining towns and hurt the local economy.

South Carolina: Business group endorses Haley after endorsing her opponent in 2010 | The Buzz | The State

Date: August 15, 2014

Arkansas Small Business Owners Uncertain About Midterm Elections | Fox Small Business Center

Date: August 15, 2014

SBA’s former chief: Small business lending hasn’t recovered — and that’s a big problem - The Washington Post

Date: August 15, 2014

The National Federation of Independent Business’s polling shows that both the percent of small business owners reporting that credit is getting easier to find and the percent reporting that all of their company’s current credit needs are being met remain below levels reported before the recession began.

Grassroots to Congress: Stop the EPA Power Grab | Town Hall

Date: August 15, 2014

Arizona: Vote for Steve Smith |The Explorer

Date: August 15, 2014

Arkansas: Griffin Visits Jackson County, Tours City Hall | Newport Independent

Date: August 15, 2014

Couples discuss the ups and downs of working together | Corridor Business Journal

Date: August 15, 2014

According to the National Federation of Independent Business, there were approximately 1.2 million husband- and wife-owned small businesses nationwide in 2003, the most recent year for which the group has data. Additionally, as larger corporations begin to relax once-stringent policies about workplace relationships and marriages, employees are encountering more couples around the office water cooler.

Washington: Didier, Newhouse leading race to replace Hastings in Congress | Walla Walla Union-Bulletin

Date: August 15, 2014

Florida: The NFIB endorses Ander Crenshaw for two more years in Congress | Sunshine State News

Date: August 15, 2014

Iowa: Raises for everyone, just don't ask how « Watchdog.org

Date: August 15, 2014

The Conference Board Employment Trends Index™ (ETI) Increased in July | Reuters

Date: August 15, 2014

The Conference Board Employment Trends Index™ (ETI) increased in July. The index now stands at 120.31, up from 119.92 (an upward revision) in June. This represents a 6.6 percent gain in the ETI compared to a year ago. ETI relies on data from NFIB and other reputable sources.

Small Business Exchange quoted Senior Executive Counsel Beth Milito on the ban-the-box laws and how small business owners perceive it.

Date: August 15, 2014

That's too late, says Elizabeth Milito, senior executive counsel with the National Federation of Independent Business. "That's pretty far down the road for a small business owner that might have only five or 10 employees and needs somebody in there now," she says. Milito argues that small businesses can't afford a long hiring process, especially if they know that someone's criminal record is relevant. She gives the example of a plumber who sends his workers into customers' homes. "They're very concerned about sending anyone in that may have a conviction, a recent conviction, say for theft, burglary. And certainly physical issues, too," she says. In the end, Milito predicts, the new laws will discourage some companies from hiring.

Why Small-Business Lending Has Not Recovered | Forbes

Date: August 15, 2014

In the recent recession small-business sales were hit hard and may still be soft, undermining their demand for loan capital. Income of the typical household headed by a self-employed person declined 19 percent in real terms between 2007 and 2010, according to the Federal Reserve's Survey of Consumer Finances. And a survey by the National Federation of Independent Businesses (NFIB) noted that small businesses reported sales as their number one problem for four straight years during the crisis and subsequent recovery.

California: Valley legislators graded on business votes by NFIB | Business Journal

Date: August 15, 2014

Wall Streeters Worry That They're Paid Too Little and You're Paid Too Much - Businessweek

Date: August 15, 2014

“Wages are trending up, and once wage inflation takes hold, it continues for four to five years,” says Torsten Slok, chief international economist at Deutsche Bank. Slok notes that a survey by the National Federation of Independent Business finds an increased share of companies—around 15 percent—are “planning to raise wages up significantly in recent months.” He says in a chartbook for clients: “A broad-based pickup in wages in the pipeline.”

NFIB's Senior Executive Counsel Beth Milito explains regulations that impact small-business owners | High Point Enterprise

Date: August 15, 2014

One challenge determining if one city is worse or better than other communities for inspections and permits is that there isn’t a comprehensive study comparing municipalities, said Elizabeth Milito, senior executive counsel with the National Federation of Independent Businesses. The difficulty of conducting a study is the scope — for example, in North Carolina alone, a researcher would have to study the inspections and permitting process in more than 500 municipalities and 100 counties. “I’ve been with NFIB for 10 years. Unfortunately, we are hearing more from business owners from the complexity and cost associated with municipal regulations and rules. It’s no longer just the federal or state ‘regs.’ It appears it’s becoming more the norm,” Milito said.

California: Analysis: Cap-and-trade delay doomed, but illuminating on multiple fronts - Sacramento Business Journal

Date: August 15, 2014

Georgia: Get the most from your tax-free shopping weekend | NBC

Date: August 15, 2014

Louisiana: Our view: Shop locally and save | The News Star

Date: August 15, 2014

Pennsylvania: Survey shows Pennsylvania needs to treat small business better

Date: August 15, 2014

Tennessee: Noted Friend of Small Business, House Speaker Harwell to visit Oak Ridge, Clinton on Friday

Date: August 15, 2014

Virginia: Proposal would end requirement for publishing certain government notices, small busness split on issue | The Daily Progress

Date: August 15, 2014

Washington: Stats debunk minimum wage wage myths, says NFIB | HeraldNet.com

Date: August 15, 2014

Washington: Steve O’Ban, R-University Place, is top spender in state legislative races, receives NFIB endorsement | Tri-CityHerald.com

Date: August 15, 2014

Small businesses add workers for 10th straight month

Date: August 14, 2014

U.S. small businesses barely add staff in July - NFIB: Thomson Reuters Business News - MSN Money

Date: August 14, 2014

Small businesses add workers for 10th straight month - MarketWatch

Date: August 14, 2014

Small businesses in July added more workers for the 10th straight month, marking the best string of job gains since 2006, according to a trade group. The National Federation of Independent Business said 13% of the small firms surveyed took on more employees in July, while 12% reduced employment. The remaining 75% made no change. The pace of small-business hiring suggests the U.S. economy likely added about 200,000 net jobs in July, NFIB economist William Dunkelberg said. The MarketWatch survey estimates 235,000 jobs were created in July.

U.S. NFIB July Small Business Jobs: Summary - Businessweek

Date: August 14, 2014

Alaska: NFIB on hand for governor's signing of HB 32

Date: August 14, 2014

Florida: NFIB endorses Jay Trumbull in House District 5 - SaintPetersBlog

Date: August 14, 2014

Illinois: Emanuel announces minimum wage proposal for Chicago, state considers similar measure | Say Anything Blog

Date: August 14, 2014

Louisiana: Sales Tax Holiday Starts This Weekend | St. Mary Banner Tribune

Date: August 14, 2014

Louisiana holds sales tax holiday this weekend | New Orleans CityBusiness

Date: August 14, 2014

South Carolina: Tax-free weekend expected to bring shoppers out in droves

Date: August 14, 2014

Washington: Businesses flood 35th district with independent spending to boost Sen. Sheldon’s re-election | State Politics | Tri-CityHerald.com

Date: August 14, 2014

Washington: Sheldon’s Senate race attracting business groups | The Seattle Times

Date: August 14, 2014

Sick leave policies pick up steam, but what about the lost jobs? | WGMB

Date: August 14, 2014

Employers in those sectors -- represented by the National Restaurant Association and the National Federation of Independent Business -- oppose mandated sick pay. They say it forces companies to embrace absenteeism, which hurts businesses. Their efforts have led 10 states to pass bans preventing cities from approving paid sick leave. A 2012 study by the National Federation of Independent Business suggested that if paid sick leave becomes law in Massachusetts, it could result in $8.4 billion in economic losses to small businesses over five years.

Small Business Credit Still Not Back to Pre-Recession Levels | Entrepreneur.com

Date: August 14, 2014

A smaller fraction of small business owners say they are borrowing now than said so in 2007. The share of small business owners that told surveyors from the National Federation of Independent Business that they had borrowed in the previous three months was four percentage points lower in June 2014 than it was in November 2007 (28 percent versus 32 percent). The portion of small business owners whose business credit needs are satisfied is lower now. In June 2014, 27 percent of small business owners surveyed by the NFIB reported that their borrowing needs had been met, as compared with 32 percent in November 2007. Six percent said their demand for credit was not being satisfied in June of this year, as compared with only four percent in November 2007.

Small Business Credit Still Not Back to Pre-Recession Levels - Yahoo Small Business Advisor

Date: August 14, 2014

A smaller fraction of small business owners say they are borrowing now than said so in 2007. The share of small business owners that told surveyors from the National Federation of Independent Business that they had borrowed in the previous three months was four percentage points lower in June 2014 than it was in November 2007 (28 percent versus 32 percent). The portion of small business owners whose business credit needs are satisfied is lower now. In June 2014, 27 percent of small business owners surveyed by the NFIB reported that their borrowing needs had been met, as compared with 32 percent in November 2007. Six percent said their demand for credit was not being satisfied in June of this year, as compared with only four percent in November 2007.

Alabama: School sales tax holiday to begin Friday | The Wetumpka Herald

Date: August 14, 2014

Florida: NFIB backs Jay Fant over Paul Renner in GOP primary for House seat | Sunshine State News

Date: August 14, 2014

Georgia Small Businesses Hope Tax- Free Weekend Will Give A Much Needed Boost | GPB

Date: August 14, 2014

Georgia: Get the most from your tax-free shopping holiday | WMAZ News

Date: August 14, 2014

Illinois: Emanuel announces minimum wage proposal for Chicago, state considers similar measure that small business opposes « Watchdog.org

Date: August 14, 2014

Louisiana holds sales tax holiday this weekend | wwltv.com New Orleans

Date: August 14, 2014

Massachusetts: Bill sets 2014 Bay State sales tax holiday for Aug. 16-17 | masslive.com

Date: August 14, 2014

Pennsylvania: Survey says state needs to treat small business better | Watchdog.org

Date: August 14, 2014

Iowa: Small businesses ask Braley how to pay for higher minimum wage | Des Moines Register

Date: August 14, 2014

Wall Street Finds New Subprime With 125% Business Loans - Bloomberg

Date: August 14, 2014

“While I am not real thrilled about some of the prices being charged, in some cases businesses need to get something done in a hurry and it makes sense,” said William Dennis, who directs the research foundation at the National Federation of Independent Business. “It may not be the world’s best choice, but at least it’s your choice.”

Paid sick leave picks up steam, but opposed by business groups | CNN.com

Date: August 14, 2014

Employers in those sectors -- represented by the National Restaurant Association and the National Federation of Independent Business -- oppose mandated sick pay. They say it forces companies to embrace absenteeism, which hurts businesses. Those groups' efforts have led 10 states to pass bans preventing cities from approving paid sick leave. A 2012 study by the National Federation of Independent Business suggested that if paid sick leave becomes law in Massachusetts, it could result in $8.4 billion in economic losses to small businesses over five years.

Credit eases for small business as lenders’ recession worries fade according to NFIB research | Saint John Longhorns

Date: August 14, 2014

Despite these gestures, credit markets remain tight, said Kevin Shivers of the National Federation of Independent Business in Pennsylvania.