SMALL BUSINESS ISSUES
Our team is devoted to helping organizations and small businesses grow by providing policy expertise and legislative strategy. Policy decisions made at the federal level affect every aspect of profitable businesses and successful organizatons. We provide a voice in Washington on their behalf.
ACCESS TO CAPITAL
Access to capital is a major challenge that continues to plague the small business community. Throughout the Great Recession, small businesses have seen a dramatic decrease in their ability to obtain both working capital and growth capital. The White House and the Congress have been working to find solutions, such as investment tax incentives and providing loan guarantees backed by the Small Business Administration (SBA). Since angel investment is an important source of capital for many small businesses, we continue to advocate for tax incentives for angel investors and seek to educate small businesses about access to nontraditional sources of capital.
In 2011, the SBA implemented the long-awaited Women Owned Small Business Procurement Program (WOSB). This program allows contracting officers to restrict bids for federal contracts to women-owned businesses in 83 industry categories. MSGI is dedicated to promoting the program, so that the federal government will reach its goal of awarding 5% of its purchases to women-owned companies.
According to the SBA, small businesses represent 99.7% of all U.S. employers, generate 60% to 80% of new jobs annually, and account for 97% of all U.S. exporters. In fact, in 2010, U.S. exports totaled $1.2 trillion in goods and $543 billion in services and supported more that 16 million U.S. jobs.
As some U.S. organizations already know, there are many good reasons for U.S. businesses to export, including:
Doing business internationally may seem overwhelming. Madison Services Group helps take the mystery out of foreign trade through use of the numerous government programs that offer logistical support, training, counseling, and financial assistance to small businesses that want to export their products and services.
AFFORDABLE AND ACCESSIBLE HEALTHCARE
Of the more than 47 million uninsured Americans, more than half are employed by a small business or are a dependent of someone who is employed by a small business. Providing affordable and accessible healthcare to employees is a major challenge faced by every small business owner. Healthcare reform put in to place a mechanism for small businesses to pool together to purchase insurance, lowering cost and risk. These small business marketplaces, or SHOP exchanges, should increase access to competitively priced healthcare nationwide. As the rollout of these marketplaces continue, MSGI remains actively engaged in ensuring they are formulated to effectively deliver affordable, quality insurance coverage to the small business community. Finally, as healthcare reform efforts progress, MSGI monitors and advises on future legislative and regulatory efforts with the aim to increase support of the small business community.
According to Women's Institute for a Secure Retirement (WISER), women work an average of 12 years less than men do over their lifetimes due to family care-giving responsibilities. Fewer years worked translates to fewer years saving or participating in an employment-based retirement program. Women earn 77 cents for every dollar earned by men, with the annual median earnings of full-time working women about $10,000 less than those of working men. When part-time workers are included, the median earnings for all women drop to $13,000 below men's earnings. As a result of lower earnings, the median income in retirement for women is only 58 percent of men's, yet women are expected to live 80 years from birth, compared to men's life expectancy of 74 years.