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Illustration: Seesaw
Featured Article, ILSR Press Room filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on May 8, 2015

How Washington Punishes Small Business

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/how-washington-punishes-small-business/

Small business looms large in American political rhetoric. From the campaign trail to the floor of the U.S. House and Senate, members of Congress love to evoke the diner and dry cleaner, the neighborhood grocer and local hardware store. Ensuring the well-being of Main Street, we might easily assume, is one of their central policy aims. The legislative track record tells another story. It is one in which the interests of big corporations are dominant, and many laws and regulations seem designed to bend the marketplace in their favor and put small, independent businesses at a competitive disadvantage. Continue reading

Photo: Testimony at CPC Hearing
Featured Article filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Apr 16, 2015

Testimony to Congress: Overhaul Federal Policy to Support Strong Local Economies

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/testimony-congress-overhaul-federal-policy/

This week, ILSR’s Stacy Mitchell shared her research and perspective with members of Congress at a hearing organized by the Congressional Progressive Caucus. The forum focused on how federal contracting and other forms of financial support for business should be overhauled to reflect American values of fairness, opportunity, and broad prosperity. Continue reading

Rule filed under Independent Business | Written by ILSR Admin | No Comments | Updated on May 10, 2010

SBA Loan Guarantees

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/rule/financing-local-businesses/sba-loan-guarantees/

One small but important part of the small business credit market are loans guaranteed by U.S. Small Business Administration (SBA). The goal of federal SBA loan guarantees is to enable banks and other qualified lenders to make loans to small businesses that fall just shy of meeting conventional lending criteria, thus expanding the number of small businesses that are able to obtain financing. These guarantees cost taxpayers very little as the program costs, including defaults, are largely covered by fees charged to borrowers. Continue reading