Small Business in the News: October 10 – 16, 2015

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 October 10-16, 2015.

Uber Debuts Local Delivery Solution, UberRUSH, for Small Businesses

Uber announced on Wednesday that it is expanding its trial small business delivery solution from New York City to Chicago and San Francisco. The service, called UberRUSH, will support local businesses around the country by delivering products such as food, clothing, groceries and flowers to customers at the click of a button. Read more...

“Small Business” Redefined in Policy Update to Healthcare Law

President Obama signed into law an amendment that will redefine what constitutes a small business under the Affordable Care Act. The new definition states that companies with 51 to 100 workers will not be subject to the small group insurance reform provisions that were slated to take effect next year and can continue to offer large group policies without increased premiums in 2016. Read more...

Gender Gap in Business-Owner Optimism Revealed by Capital One Survey

A survey from Capital One Financial revealed that 56% of female small business owners feel good about current business conditions, compared to just 44% of males. An age gap was observed as well, with 71% of Millennials reporting a positive feeling about businesses conditions versus just 47% of Gen X and 46% of Boomers. Read more...

 

Congress Seeks to Increase Federal Contracts for Women-Owned Small Businesses

Members of Congress are working to level the playing field for the more than 10 million women-owned small businesses (WOSBs) with the Women’s Small Business Procurement Parity Act, which provides more opportunities to compete for federal contracts. WOSBs are starting up at twice the rate of men-owned businesses but secure less than 5% of all federal contracts and 7% of venture capital funds. Read more...

A Snapshot of Alternative Lending

The world of alternative lending is growing at a rapid rate to support the varied and diverse needs of small businesses around the country. This infographic reveals that 45% of application come from Gen Xers aged 33-48, 54.5% of all applications are for businesses outside of the home and 29% of companies have been in business for 5+ years. The average loan size is $68,000 for an average loan term of 11 months. Read more...

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