[Source: The Business Times] Layoffs and discharges are starting to pile up at America’s smallest firms. Some 305,000 workers lost their jobs in October at businesses with less than 10 employees, according to data released Wednesday by the Bureau of Labour Statistics (BLS). That’s up by 137,000 from the previous month. It was the biggest Read More…
Tag: small business
Prop. 15 would threaten small businesses and hinder economic recovery
[Source: CalMatters] I’m not going to write about the “new normal” resulting from COVID-19. While the topic is ever-present, what dominates my time and energy is creating a predictable and positive business environment to help small businesses get back on their feet. Small businesses, particularly minority-owned small businesses, are the lifeblood of California’s economy. A Read More…
Prop 15 would be catastrophic for an already devastated economy
[Source: Lisa A. Bartlett, O.C. Board of Supervisors] Amid an unprecedented global pandemic that has had a devastating effect on our economy, and caused great financial hardship to millions of Californians, proponents of Prop 15 now want to impose even greater hardship on families and local businesses. How? By enacting the largest annual property tax Read More…
Beware of sleight-of-hand in Prop 15 numbers
[Source: Fox and Hounds Daily] The Yes on Proposition 15 campaign has bandied about all kinds of figures on how many commercial properties will pay a bulk of the new record property tax increase if the measure passes. First, they showed a study that reported 6% of the properties will pay 78% of the taxes. Read More…
SB 1383 should be rejected
[Source: Fox&Hounds] As part of the recent budget deal struck last weekend between the Legislature and the Governor, SB 1383 (Jackson) would create a massive expansion of protected leave under the California Family Rights Act (CFRA). The bill came into print at 9pm on June 23 and was heard about the same time a day Read More…
Rates likely to rise sharply: businesses may see hikes after vandalism, virus
[Source: Los Angeles Business Journal] While mass protests against police brutality were taking place just blocks away on May 31, two cars pulled up in front of Lana Negrete’s family business, the Santa Monica Music Center. People jumped out of the vehicles and ran into the store pointing guns and yelling threats at Negrete and Read More…
Is looting covered by insurance? Depends on the business
[Source: Los Angeles Times] Sean Wotherspoon spent Saturday night in his Los Angeles home, watching live as his businesses were destroyed. He watched as security-camera feeds showed people shattering the plate glass windows of his Round Two store on Melrose Avenue and walking out with more than $250,000 worth of high-end street wear. He saw Read More…
Governor’s executive order on worker’s comp makes it more difficult to do business in CA
[Source: Fox&Hound] We fully understand why the Governor wants to help Californians impacted by the coronavirus pandemic. But, creating a rebuttable presumption shifts the burden to businesses who are struggling to keep their workers employed while also keeping their doors open. The Governor’s Executive Order opens up employers to significant abuse from employees. What’s to Read More…
Now is not the time for the crushing tax hikes a split roll would bring
[Source: Orange County Register] Back in the 1980s, the Schylling Company produced an amusing toy, Ernest the Balancing Bear. Ernest performed a “death-defying high wire act” on a string strung high across a room. Ernest the Bear pedaled his unicycle as fast and as furious as possible across the wire trying to keep his balance Read More…