New SBA Administrator Named

Linda McMahon announced her resignation as U.S. SBA (Small Business Administration) Administrator on March 29, effectively stepping down April 12.  Jovita Carranza is reportedly slated to return to the SBA as its 26th Administrator.  She previously served as Deputy Administrator from 2006 to 2009.  Ms. Carranza is currently the Treasurer of the United States, overseeing the Bureau of Engraving and the U.S. Mint.

In addition, Ms. Carranza spent twenty years with the United Parcel Service (UPS).  She is also the co-founder of JCR Group and is a member of several organizations including the Illinois Enterprise Zone Advisory Board and the American Cancer Society Corporate Advisory Board.

Ms. Carranza must be confirmed by the U.S. Senate.

The SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns.


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  • Next up: NSBA, COSE Board Member Mike Stanek Testifies on Exporting

    NSBA, COSE Board Member Mike Stanek Testifies on Exporting

    Council of Smaller Enterprises (COSE) and National Small Business Association (NSBA) Board member Mike Stanek, Vice President and Chief Financial Officer of Hunt Imaging LLC, testified on May 20 before the U.S. House Committee on Small Business about the challenges facing small firms when it comes to exporting. Hunt Imaging manufactures dry and liquid electrostatic toners and developers used primarily in high speed computer printers, and exports to several countries in Europe, Asia, Africa and South America. In his testimony, Stanek underscored the various challenges he faces as a small exporter.

    Council of Smaller Enterprises (COSE) and National Small Business Association (NSBA) Board member Mike Stanek, Vice President and Chief Financial Officer of Hunt Imaging LLC, testified on May 20 before the U.S. House Committee on Small Business about the challenges facing small firms when it comes to exporting.

    Hunt Imaging manufactures dry and liquid electrostatic toners and developers used primarily in high speed computer printers, and exports to several countries in Europe, Asia, Africa and South America. In his testimony, Stanek underscored the various challenges he faces as a small exporter.

    “Developing foreign markets is a significant challenge, especially for a small firm with limited human and financial resources. There are cultural factors to learn, language barriers, legal snares and obstacles, and the complex array of logistical and governmental issues surrounding cross-border trade,” stated Stanek.

    Stanek went on to urge lawmakers to support efforts to ease complexity through the creation of a One-Stop Shop that would have a centralized staff dedicated to assisting small businesses in all aspects of exporting.

    He also encouraged Members of the Committee to support free trade, stating: “Free trade agreements are likewise extremely important as they lower foreign barriers and produce a more level playing field. Lowering the “hassle factor” of exporting greatly increases the attractiveness to small companies.”

    Stanek cited an exporting survey from NSBA and its international trade arm, the Small Business Exporters Association, which shows a marked increase among non-exporters who said they would be interested in starting to export their goods and/or services from just 43 percent in 2010 to 63 percent in 2013.

    In closing, Stanek said, “Federal agencies can play a very important role in helping to reduce exporting barriers for small businesses, and help these entrepreneurs tap into new markets and grow.”

    Please click here to read the full testimony.

    Celebrating more than 75 years in operation, NSBA is a staunchly non-partisan organization advocating on behalf of America’s entrepreneurs. NSBA’s 65,000 members represent every state and every industry in the U.S., and we are proud to be the nation’s first small-business advocacy organization. Please visit www.nsba.biz for more information.


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  • Next up: NSBA Small Business Tax Survey Results

    NSBA Small Business Tax Survey Results

    With the prospect of potential federal tax reform looming, the National Small Business Association (NSBA) conducted an online survey recently of more than 950 small business owners to gauge their thoughts on the U.S. tax code and the policies surrounding it.

    Listed below are some of the key takeaways from the NSBA’s 2017 Small Business Taxation Survey, which provides a glimpse into how taxes are impacting America’s small business community. You can view the full report by clicking HERE 

    Survey results

    Entrepreneurs indicated in the survey that they spend a lot of time dealing with tax-related issues. In fact, one in three small businesses reported spending more than 80 hours—more than two full work weeks’ worth—each year on federal taxes.

    Some other insight into the small business tax burden includes:

    • Nearly one-third (30%) of respondents said they spend between $1,001 and $5,000 each year on the administration of federal taxes not including their own owed taxes.
    • One in five small businesses (20%) said they spend 120-plus hours each year dealing with federal taxes (including calculating payroll, working with their accountant, filing paperwork, etc.)
    • Further, 58% said the administrative burden continues to be a bigger problem than the actual financial cost of federal taxes (38%).
    • Almost two-thirds, (65%) of small business owners said federal taxes represent a significant or moderate impact on the day-to-day operation of their business.
    • Regarding payroll, one-in-three entrepreneurs said they spend more than $500 monthly on payroll services; one-in-four said they spend more than six hours each month handling taxes internally.
    • About 44% of those surveyed said they spend between one hour and 10-plus hours per month dealing with sales taxes.
    • The biggest tax concern identified by small business owners is the possible elimination of deductions and credits without an offsetting reduction in tax rates.
    • A divided government was cited by nearly half of respondents (49%) as being the primary obstacle to enacting comprehensive tax reform.

    Now that you’ve read through these results, think about how the attitudes of your fellow entrepreneurs align with your own. We’d love to hear your thoughts on how these policies impact you and your business. Please email us at advocacy@gcpartnership.com to share your perspective. 


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  • Next up: NSBA’s First Regulatory Survey Unveiled

    NSBA’s First Regulatory Survey Unveiled

    The National Small Business Association (NSBA) is the country’s first small business advocacy organization and is celebrating its 80th anniversary. Focused on federal advocacy and operating on a non-partisan basis, NSBA serves as a resource for America’s small business community in Washington, D.C.

    The National Small Business Association (NSBA) is the country’s first small business advocacy organization and is celebrating its 80th anniversary. Focused on federal advocacy and operating on a non-partisan basis, NSBA serves as a resource for America’s small business community in Washington, D.C.

    Throughout the year, NSBA conducts a series of surveys, including two Economic Reports and a series of issue-based surveys. Now, for the first time, NSBA has conducted a comprehensive survey on regulations and how they impact America’s small businesses.  Click here for results of the survey.

    The 2017 NSBA Small Business Regulations Survey provides quantitative support for the need to reduce regulatory complexity, streamline the web of regulations, and adhere to plain language statutes. Both the need for regulatory relief—as well as a road-map to achieve it—are included in the survey packet.

    NSBA is currently conducting their year-end economic survey. If you haven't yet completed this survey, we encourage you to take a few moments today to do so. Click here to take the survey.

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  • Next up: Ohio Bureau of Workers' Compensation Announces Another Billion Back

    Ohio Bureau of Workers' Compensation Announces Another Billion Back

    Today, Governor John Kasich alongside Ohio Bureau of Workers’ Compensation (BWC) Administrator / CEO Steve Buehrer, announced a $1 billion rebate to Ohio’s private and public sector workers’ compensation customers in addition to the $1 billion in rebate announced last year.

    Today, Governor John Kasich alongside Ohio Bureau of Workers’ Compensation (BWC) Administrator / CEO Steve Buehrer, announced a $1 billion rebate to Ohio’s private and public sector workers’ compensation customers in addition to the $1 billion in rebate announced last year.

    The proposal:

    • Provides a one-time rebate of $1 billion for private employers and public-taxing districts.
    • Increases BWC’s commitment to safety by up to $35 million over the next two years.
    • Creates several new safety initiatives that leverage BWC’s occupational health and safety expertise to create innovative solutions for improving the safety, health and wellness of Ohio’s workforce.

    For more information on the BWC’s announcement: Another Billion Back

    Please call 216.592.2351 or send us an email at workerscomp@cose.org if you have questions or would like more information about our program.  


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  • Next up: Ohio Looks to Reduce State Business Filing Fee

    Ohio Looks to Reduce State Business Filing Fee

    The Council of Smaller Enterprises (COSE) and Greater Cleveland Partnership (GCP) supported companion legislation, House Bill 3 (HB 3) and Senate Bill 26 (SB 26), that will reduce the business filing fee collected by the Office of the Secretary of State in Ohio by 21 percent. While reducing the business filing fee from $125 to $99 serves as a small step toward eliminating barriers for business – both large and small – it also sends a message about the importance of Ohio’s business community. The legislation also provides any Ohio-based company, in good standing with the state, with access to all features of the OhioMeansJobs website.  

    The Council of Smaller Enterprises (COSE) and Greater Cleveland Partnership (GCP) supported companion legislation, House Bill 3 (HB 3) and Senate Bill 26 (SB 26), that will reduce the business filing fee collected by the Office of the Secretary of State in Ohio by 21 percent. While reducing the business filing fee from $125 to $99 serves as a small step toward eliminating barriers for business – both large and small – it also sends a message about the importance of Ohio’s business community.  The legislation also provides any Ohio-based company, in good standing with the state, with access to all features of the OhioMeansJobs website. 

    This initiative, championed by Secretary of State Jon Husted (R), quickly garnered bi-partisan support in the Ohio General Assembly. In addition to COSE and GCP, business organizations from across Ohio have signed on to support this example of a priority issue for leadership in the legislature.  

    “Small steps toward progress get us closer to our goal,” said State Representative Kent Smith (D - Euclid) when he discussed the merits of HB 3 on the floor of the Ohio House of Representatives.  “And, the Council of Smaller Enterprises agrees,” he went to say as he read an excerpt from COSE’s position on the legislation. 

    Both bills have passed their respective chambers and will be vetted to approve a single bill to be signed into law by the Governor. 

    For more information, view letters of support COSE submitted to the House Economic & Workforce Development and Senate State & Local Government Committee or contact us at advocacy@cose.org.


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