Small Business in the News: February 4-10, 2017

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for February 4-10, 2017.

SBE Council Releases Small Business Policy Index 2017

The Small Business and Entrepreneurship Council (SBE) released their 21st annual look at how public policies in the 50 states affect entrepreneurship, small business and the economy. The policy index ranks all 50 states according to 55 policy measures. The top 5 entrepreneur-friendly states are Nevada, Texas, South Dakota, Wyoming, and Florida. Read more…

Public & Private Partnerships Form New Online Lending Policy Institute

The Online Lending Policy Institute (OLPI) announced its formation and the appointment of its first Executive Director. OLPI aims to be a one-stop resource for those interested in Fintech and marketplace lending. The OLPI provides policy analysis, in-depth research, broad educational initiatives, and relevant thought leadership to help grow online lending. Read more…

New Survey Reveals High Optimism in U.S. Economy

The Economic Pulse Survey, a quarterly survey used to track business recovery and credit demand from the Great Recession, shows confidence in the U.S. economy reached the highest levels in five years among small businesses and middle market companies. Small businesses and middle market companies expect increased sales and profits. Read more…

Economist Jim Reid, however, is concerned about a looming recession because standards have tightened over the last six quarters for large and medium sized firms, a trend that usually only happens in recessions. Read more…

President Trump Plans to Change Dodd-Frank Financial Reform

President Trump said large changes are needed to the Dodd-Frank financial reform law because he knows many friends with successful businesses that can’t secure bank loans. The early days of the Trump administration have been heavily focused on cutting regulations. Read more…

Business Owners Concerned Over Travel Ban

Chief executives of large U.S. companies joined President Trump to express concerns about a travel ban on people from seven Muslim-majority countries traveling to the United States. There is concern that the travel restrictions will impact employees and rattle certain markets. Read more…

U.S. Bank Trade Group Seeks Lending Partnership

The American Bankers Association is seeking a marketplace lending platform to ramp up their digital offerings. This trend has been gathering steam recently as other large banks have been forming similar partnerships. A spokesman for the ABA declined to comment on the companies under consideration. Read more…

 

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