Tag: small business week

Top Small Business Statistics of 2024 – Forbes AdvisorTop Small Business Statistics of 2024 – Forbes Advisor

5. Small businesses have added over 12.9 million jobs in the last 25 years Despite the average small business being operated by a solo founder, these enterprises have been a significant source of job creation in the US In the past 25 years, small businesses have been responsible for generating nearly 13 million net new jobs[1]. This accounts for approximately two-thirds of all new jobs added to the economy during this period. This trend emphasizes the enduring role of small businesses in bolstering employment, even as business continues to evolve. As we look toward the future, the continued contribution of…
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July 20, 2024July 20, 2024 TaufanTaufan

Goldman Sachs Recruits Small Business Owners to Fight New Banking RegulationsGoldman Sachs Recruits Small Business Owners to Fight New Banking Regulations

Goldman Sachs has reportedly been recruiting small businesses to advocate for its own interests. According to a recent report from Reuters, the bank connected small business owners with members of Congress who may have influence surrounding financial regulations. The goal is to convince these lawmakers that a new proposal to raise capital requirements for big banks would ultimately harm small businesses. The proposal, which is known widely as Basel III Endgame, is a joint proposal by the Federal Reserve, Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency. The change would rewrite capital obligations for all…
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July 18, 2024July 18, 2024 TaufanTaufan