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|Monday, August 10, 2009|
Where do you go if you need some money for your business? Home equity is no longer a solution and credit cards can be a poor one. SBA lending, though better, is still not great. So what do you do?
Given the current state of the credit markets, it was no surprise to read in the Oregonian that “dozens of small-business owners crowded into a downtown meeting room [last] Tuesday to tell U.S. Rep. Kurt Schrader that federal efforts to stimulate the economy have skipped over them” and that something must be done to make more money available to responsible small business owners. (Schrader is the chairman of the House Small Business Committee's subcommittee on finance and tax.)
Indeed, a recent opinion piece in the Statesman Journal nailed it: “If Congress and the Obama administration want to get the economy going, they must get money flowing to small businesses. That hasn't happened.”
This is even truer here in Oregon. According to a recent report in the Oregonian, in 2006 (the most current year for which these sorts of stats are available) Oregon is exceptionally dependent on small business. In fact, out of 50 states, we ranked No. 9 in the percentage of people who work for companies with 100 or fewer employees.
So where do you go if you need the money? Increasingly, small business is turning to small banks. Why? Because “many community-based banks and credit unions have shown greater wisdom and restraint than big banks. Those local institutions didn’t get swept up in making risky loans; as a result, they continue making credit-worthy loans to businesses.”
Steve Strauss is the small business columnist for Oregon Business.
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Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.