Los Angeles small business attitudes

[Source: 1st Century Bank and Beacon Economics] Small companies are drivers of ingenuity and progression, yet within the economic sector, their contributions are often overlooked. The media relies largely on macro data — primarily GDP and the S&P 500 (a snapshot of the largest 500 publicly traded companies) — to gauge the health of the Read More…

Small business lobby opposed to GOP tax bill

[Source: The Hill] A top small business group has come out against the Republican tax-reform bill, arguing the legislation “leaves too many small businesses behind.” “We are concerned that the pass-through provision does not help most small businesses. Small business is the engine of the economy. We believe that tax reform should provide substantial relief Read More…

South Coast Air Quality Management District bullies small businesses in minority communities

[Source: Compton Herald] The South Coast Air Quality Management District’s flawed monitoring program recently cost a minority-owned business in Paramount $100,000 in lost wages; dozens of workers were let go. We’ve all heard the stories of local polluters impacting the air we breathe, the ground we live on, and the water we drink. However, most Read More…

Don’t tax family businesses out of California

[Source: Fox & Hounds] Family businesses are the bedrock of our communities and the economy. A recent study showed that the state’s 1.4 million family businesses employ 7 million people. Family businesses tend to pay their employees better, train them better, and provide more generous benefits than non-family companies. We’re also less likely to significantly Read More…

CalChamber-supported Prop. 65 litigation reform passes policy committee

[Source: California Chamber of Commerce] A California Chamber of Commerce-supported bill — AB 1583 (Chau; D-Monterey Park) — improves transparency and reduces litigation costs in Proposition 65 cases against California businesses passed an Assembly policy committee yesterday. Proposition 65 was designed to protect California’s drinking water from chemicals known to cause cancer or birth defects, Read More…