Monday, January 25, 2016

Info on Sm Businesses Helping Empl. Get Coverage for Kids/ SBA Lending/Initiatives/Crowd Funding

Please see information in link about getting coverage for children

         Small Business employers can also access resources to print and online on the bottom of this webpage,
Mark Quinn, the District Director of the SBA in SF, reported on the SBA lending for last year. Nationally lending was up around 20%. In California however, SBA lending was up significantly more and in the Bay Area was up around 40%.  The total SBA lending in California  was $5.35 billion.  According to Mark,  the lending for SBA is probably going to level off and may even go down. This actually could be good news as there is more competition  for small business loans heating up.

This is going to be the Year of the Initiatives in California. These will be on the November ballot. In a previous email I mentioned the  possibility of two minimum wage initiatives but there are about 19 that are being considered. In 2004 there were 16 propositions. Some of the initiatives being considered are:
Legalization of Marijuana
Plastic Bags
New Gun control laws
Bar state agencies from paying more for prescription drugs than the lowest  price paid by the Department of Veteran Affairs
$9 billion in state bonds for school construction.
$2 dollar tax on  a pack of cigarettes
Continuation of Proposition 30. There are a couple of measures here.
Lowering the drinking age to 18
Not all of these are going to make it but I think I can safely say voters are probably going to be confused as it will be   crowded.

I will have more news on our crowd funding bill in the next week or so, but the good news is, it looks like we will have an author and a coauthor for our legislation. We have tried for about three years to get this passed and are very optimistic this is going to be our year.

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA  94116


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