NFIB Weekly News
Small Business Confidence Showed Slight Improvement In February.(03/19/2019)
Fox Business (3/12) reported, “Small-business owners’ confidence in the U.S. economy improved slightly in February, breaking five consecutive months of declines and rebounding from the partial government shutdown, according to the National Federation of Independent Business.” NFIB CEO Juanita Duggan is quoted saying, “Small business owners are thankful to have the government shutdown in the rear-view mirror but need more certainty about the future.”
Market Rebound At Crossroads As Investors Face Economic Uncertainty.(03/19/2019)
The Wall Street Journal (3/17, Ramkumar, Subscription Publication) reported that last week the S&P 500 reached a five-month high – the best week for stocks since late last November – which investors say is likely to fuel further gains. However, some analysts were skeptical that the bullish tone can last given the economic uncertainty investors face amid uneven data.
DARPA Reveals New Approach For Small Business Contracting.(03/19/2019)
Homeland Security Today (3/15) reported that DARPA “published a list of 10 innovation target areas it hopes to use small business contracts to address in the coming year” through the establishment of a new small business incubator program, which will utilize SBIR and STTR grant programs. The DARPA Acclerator Program “aims to mentor small businesses on how to traverse the so-called “valley of death” between lab-feasible technology and a going commercial concern,” and selected companies will also receive additional funding up to $250,000.
Hotel Industry Grapples With Minimum-Wage Hikes.(03/19/2019)
Hotel Management (3/14) reported, “the federal minimum wage in the U.S. is $7.25 an hour,” however, “29 states and the District of Columbia pay a minimum wage that is higher than the federal one.” According to Hotel Management, “hoteliers are wondering how these increases will impact the overall industry and their ability to pay their employees – or even keep their doors open.” The “Illinois Hotel & Lodging Association voiced its opposition to one such minimum-wage increase in February.” Meanwhile, labor union Unite Here, which has “more than 265,000 active members, successfully organized a series of strikes against multiple Marriott International hotels in 2018.”
The information provided is meant for general informational purposes only and does not constitute tax, business or legal advice.