Today's Date: March 26, 2023
NATIONAL VISION DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Aga   •   SOTERA DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sote   •   Atlanta Housing, Residents Celebrate 102nd Birthday of Clara "Mama" Bridges   •   SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Stanley Black & Decker, Inc. with Losses of $100,000 t   •   DISH ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against DISH Network Corporatio   •   GINKGO BIOWORKS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Office   •   SBNY LOSS ALERT: ROSEN, TRUSTED NATIONAL TRIAL COUNSEL, Encourages Signature Bank Investors to Secure Counsel Before Important D   •   SOTERA HEALTH 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Los   •   Early Education Leadership Conference in Hershey Brings Together Hundreds of Child Advocates   •   ARGO DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Argo B   •   SAMARITAN'S PURSE RUSHING HELP TO FAMILIES IMPACTED BY DEADLY TORNADOES IN MISSISSIPPI   •   Philadelphia Works Names First Female Chief Operating Officer   •   ImmunoGen Presents Final Overall Survival and Additional Efficacy Data from the SORAYA Trial at SGO Annual Meeting   •   Jennifer S. Wilkov Finalizes Lineup for the 2023 April Speak Up Women Conference   •   Korelya Capital Invests in Weo, Bringing Total Funds Raised to $15M, and Leads Launch of its Series A Financing Round   •   Statement from the Chief Public Health Officer of Canada on World TB Day   •   National University Receives 2023 Military Friendly® Gold Designation   •   Otr Elkalam: All the Way from Hollywood to Riyadh An American Contestant Travels to Participate in the Largest Religious Competi   •   HYZON MOTORS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers   •   Build community with shared future, create better world
Bookmark and Share

Bill Helps Entrepreneurs Overcome Start-Up Costs

 WASHINGTON - Senators Mark Pryor, Scott Brown and Herb Kohl have introduced the bipartisan Small Business Savings Account Act to help entrepreneurs turn their innovative ideas into job-creating small businesses.

The bill allows individuals seeking to start a small business to save up to $10,000 annually and grow the savings tax free. These funds can be used for equipment, facilities, marketing, legal fees and other capital and operating expenses required to start and run a small business.

“Start-up costs often stand in the way between a good idea and a profitable business venture,” Pryor said.  “This legislation provides a bridge – allowing entrepreneurs to save enough seed money to get their business off the ground.”

“Small businesses are the driving force behind job creation and we should reduce the hurdles that cause industrious people to abandon their business plans,” Kohl said. “This bill provides a path forward with one of the first challenges encountered by prospective business owners.”

“Small businesses are the engine that drive our economy, and it’s critical that we create an environment for our entrepreneurs to grow and thrive,” Brown said. “This bipartisan legislation will make it easier for the thousands of innovators in Massachusetts to turn their cutting-edge ideas into good-paying jobs and get our economy going again.”

Personal financing is becoming increasingly important to start a business, especially in light of the current credit crunch and economic downturn.  Instead of savings, would-be-business owners are turning to retirement savings and credit cards in order to produce enough start-up capital. The average cost to operate a small business in its first year is $80,000.  The tax free start-up accounts would put entrepreneurs on better financial footing by reducing their need to incur heavy debts or deplete retirement savings.


STORY TAGS: GENERAL, BLACK NEWS, AFRICAN AMERICAN NEWS, LATINO NEWS, HISPANIC NEWS, MINORITY NEWS, CIVIL RIGHTS, DISCRIMINATION, RACISM, DIVERSITY, RACIAL EQUALITY, BIAS, EQUALITY



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News