Small Businesses and the Opioid Crisis: Here's What You Need to Know

There’s no question the economy is soaring and with small business optimism at a record high, there’s much to be hopeful about. Employees are the lifeblood of a small business, and currently 25 percent of small businesses cite difficulty in finding qualified workers as their single biggest problem. In a survey by Private Capital Index, 54 percent of small businesses report they plan on hiring between 1 to 5 people in the next six months, but with the lack of qualified labor, attracting and retaining a capable workforce is difficult. You might b... [...]

ICYMI – Access to Capital Improves for Small Businesses

WASHINGTON – According to a recent report from the Pepperdine Graziadio Business School and Dun & Bradstreet Q3 2018 Private Capital Access Index, small businesses are finding it easier to acquire capital. More specifically, 53 percent of the small businesses surveyed said they were successful in securing a loan in the past three months. “Access to capital is critical for small businesses to start and grow their companies. This new report is yet more proof that the economic climate, due to fewer regulations and the tax reform law, is favorable ... [...] Opioid Epidemic Reduces Small Business Labor Force

WASHINGTON – Last week, the House Committee on Small Business held a full committee hearing on how the opioid crisis is affecting small business, specifically the decline in the labor force participation rate. The discussion included Katie Van Dyke, Director of Cleveland State University’s Ohio Small Business Development Center, as outlined by below: “The opioid crisis poses major challenges to small businesses in Ohio as employers in rural and urban areas alike have trouble finding workers who can pass drug tests, the director of... [...]

Chairman Chabot Applauds NLRB’s Decision to Restore Joint Employer Standard

WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the National Labor Relations Board (NLRB) published its proposed rule on the joint-employer standard: “The NLRB’s decision to restore the joint-employer standard is welcome news for small businesses everywhere. Job creators and innovators deserve certainty that they can continue to operate their businesses locally and independently. The Obama-era scheme jeopardizes small businesses, including franchises and subcontractor... [...]

SBC Discusses How the Opioid Epidemic Affects Small Businesses

WASHINGTON – Today, the House Committee on Small Business held a hearing to explore the effects of the opioid crisis on small businesses. Specifically, Members examined the decline in the labor force participation rate due to the epidemic and the challenges that small businesses experience in finding qualified workers as a result. “The American economy is soaring. Significant growth is occurring as we speak and Americans, especially entrepreneurs, are once again optimistic about the future of their businesses,” said Chairman Steve Chabot (R-OH)... [...]