Industry News – August 4, 2022

Federal Reserve Interest Rate Hike May Spark a Recession As expected, the Federal Reserve raised benchmark interest rates by another 75 basis points in its ongoing attempts to stem inflation. While lending is expected to get tougher, analysts are more concerned the...

Policy News – August 4, 2022

Lawmakers are working on getting the Inflation Reduction Act passed before the looming Congressional recess. The bill, which is a revival of President Biden’s Build Back Better bill, aims to invest more than $400 billion over the decade by reforming the tax code,...

Policy News – July 28, 2022

The Small Business Administration (SBA) will now offer small businesses new options to show past performance ratings when they seek out prime federal contracts starting August 22.  The SBA published a new rule in the Federal Register to allow companies two extra...

Industry News – July 28, 2022

Main Street Secures $154 Billion in Federal Contracts, But Fewer Small Businesses Benefit  The federal government gave $154.2 billion to small businesses in the fiscal year 2021, an $8 billion increase from last year. Yet, the number of companies receiving prime...

Policy News – July 7, 2022

State leaders in two dozen states are considering using federal pandemic aid funding to potentially pay for state tax cuts. When the original American Rescue Plan $5 trillion in emergency funding was originally approved, the U.S. Treasury advised that nothing could...

Industry News – July 7, 2022

Small Business Hiring and Wage Growth Grew Slightly in June   Despite ongoing economic pressures, small businesses continued to add jobs in June while wages also increased. The South also remained the top region in the country for small business job growth.   Source:...