Tuesday, May 19, 2015

White Paper on Net New Job Creation

Please see the link below. This information is really important for small business owners to understand. Board member Terry Bibbens has  looked at the Office of Advocacy data and put together a White paper showing that all the net new jobs from 1989 to 2012  were created by businesses with less than 20 employees.
I think this is really important for policy makers to  understand in developing economic development policy. Thank you Terry for putting this together

The Very Small Businesses Are Vital To Job Creation In The United States 5-18-2015 SB CAL

Small Business California sponsored bill AB  1245 passed the  Assembly on a 76 to 1 vote yesterday. This bill would require all businesses to file EDD quarterly filings by 2018. We believe small businesses will benefit from this once they are shown how to do this.  We believe this is more efficient  and will reduce errors. Only 35% of the businesses in the state file online.  The cost saving for EDD is estimated to be about $ 8 million

To help small businesses that are not online we are employing  the services of the Small Business Development Centers around the state. We are hopeful that they will receive $500000 from EDD which will be matched by the SBA. It should be noted that there is a hardship provision for those businesses that do not have the technology to do this.

The bill will now go over to the Senate.
Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA  94116

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