June 6, 2013 |
Small businesses added 58,000 employees in May with overall private-sector employment increasing by 135,000, according to the ADP National Employment Report. The number of jobs added is up from 49,000 in April, but down from 72,000 in March. Last May the number of jobs added was about 50,000, ADP said. Establishments with one to 19 employees grew by 37,000 and those with 20 to 49 employees grew by 21,000. Most were in the service sector, according to the report. In Los Angeles, small-business owners were optimistic about the future, according to a report from Bank of America released last week.
June 5, 2013 |
More than two-thirds of small businesses believe federal and state laws should prohibit employment discrimination against gay and transgender people, according to a national poll. The survey from the Small Business Majority, a national small business advocacy organization, also found that 63% believe an employer shouldn't be able to fire or refuse to hire someone who is gay, lesbian or transgender if it conflicts with their religious beliefs. Another 6 in 10 small business owners said laws that protect against discrimination can improve their revenues because these kinds of laws help employers attract the best and brightest employees.
June 4, 2013 |
Blue Shield of California owes $24.5 million in rebates to thousands of small-business customers, and rival Anthem Blue Cross will return $12 million to small firms under requirements of the federal healthcare law. The annual rebates were disclosed in reports to state regulators, and the final tally from some companies may change before they are paid out by Aug. 1. The rebate is required under the federal Affordable Care Act when insurers fail...
June 3, 2013 |
Small-business employees in Denver have it best, according to a recent study, enjoying some of the highest wages for new hires and a rising workforce. The Mile-High City topped CardHub's list of the Best Cities to Work for a Small Business . The credit card comparison company used 10 metrics, such as net growth, industry variety and average wages for new hires, to evaluate the state of small businesses in the 30 largest metropolitan areas nationwide. About 97% of employers in Colorado are classified as small businesses, according to the study.
May 30, 2013 |
In the last year, more U.S. small businesses were giving employees the boot rather than hiring, a recent survey found. The Wells Fargo/Gallup Small Business Index survey reported a net hiring index of -12 in April, down from -9 for the same period the previous year and down from -10 in January. The quarterly analysis surveyed 603 small business owners. Net hiring has remained at similar levels since January 2011, but is up from the low of -27 reported in January 2010, Dennis Jacobe, Gallup chief economist, said in a statement.
May 14, 2013 |
WASHINGTON -- Small-business owners were more optimistic about the economy in April, but "pessimism abounds" in a sector that is barely growing, the National Federation for Independent Business said Tuesday. The trade group's Index of Small Business Optimism increased 2.6 points to 92.1 last month after dropping in March. The change was driven by higher expectations that the economy will improve, projections of improved sales and more plans to hire new employees. Still, the April figure was barely above the 90.7 monthly average since the end of the Great Recession, and below the 94.5 reading a year earlier.
CALIFORNIA | LOCAL
May 14, 2013 |
Covered California, the state's health insurance exchange, announced $37 million in grants Tuesday to begin the massive task of educating millions of Californians about the new healthcare law. The grants will go to 48 organizations, including universities, nonprofit groups, health foundations and unions. They will help state officials explain the new benefits, show people how to access insurance, and encourage small businesses to enroll. Covered California's executive director, Peter Lee, said Tuesday that getting the word out will require collaboration and partnership across the state.
May 6, 2013 |
WASHINGTON -- The Senate voted 69-27 Monday to approve legislation that would allow states to force larger online retailers to collect sales taxes. But the bill faces an uncertain future in the House as lawmakers, particularly Republicans, wrestle with whether the Marketplace Fairness Act amounts to a tax increase. The Market Place Fairness Act would give states the authority to force larger retailers to collect sales taxes that residents already are obligated to pay. But with most consumers dodging those taxes for years, the result will be that people will pay more in taxes.
May 1, 2013 |
California Insurance Commissioner Dave Jones said the nation's largest health insurer, UnitedHealth Group Inc., is imposing unreasonable rate hikes on about 5,000 small businesses. Jones said Wednesday that UnitedHealth couldn't justify the average annual increase of nearly 8%, which reflects both higher premiums and a reduction in benefits. He said the rate hike, which went into effect Wednesday, affects up to 45,000 small-business employees and dependents and represents $12.5 million in higher costs.
April 26, 2013 |
Owners of Southern California small businesses are mixed on the state of the economy, according to data released Thursday. About 42% said the economy was recovering, and 48% said the nation was still in a recession, according to the U.S. Bank Small Business Annual Survey. More than two-thirds of the business owners said they were unlikely to make a capital expenditure in the next year. In Southern California, 64% of respondents characterized their financial health as “good,” and 46% said they expect higher revenues in the next year.