20
July , 2018
Friday

Email This Post Email This Post

City provides tools and resources to help local businesses succeed

WASHINGTON, D.C. – A new report released today on city small business development efforts by the National League of Cities (NLC) found that Chicago is an exemplar of local governments that make small business development a priority and create “ecosystems” that support small business growth.

The report profiles several initiatives in Chicago including the Small Business Center (SBC), 1871 business center, Neighborhood Small Business Strategy, Chicago Microlending Institute (CMI) and Seed Chicago. Each of these programs contribute to making Chicago business-friendly and many represent partnerships between city government and local businesses.

The report, “Big Ideas for Small Business,” is a toolkit providing city leaders across the nation with strategies to strengthen local business communities to improve their local economies. Strategies include reorganizing city resources to be business-friendly and providing owners with access to new sources of capital.

“Small businesses are an integral part of every community, and are responsible for roughly half the nation’s economic output,” said National League of Cities President Chris Coleman, Mayor of Saint Paul, Minn. “This new report on ‘Big Ideas for Small Business’ shows that local leaders are in a unique position to create a small business ecosystem that connects entrepreneurs with city resources, including funding opportunities, streamlined regulations and technical assistance. Cities across the country understand that for small businesses to be successful in the long-term, it is critical that they have the support of communities and local leaders.

The report profiles the best practices of 12 cities with proactive initiatives that support the small business ecosystems in their communities. Example initiatives include the creation of incubator spaces to accelerate small business expansion, microlending and crowdsourcing, streamlining regulations and inspections and others. Other cities profiled in the report include:

  • Cincinnati, Ohio
  • Detroit, Mich.
  • Kansas City, Mo.
  • Los Angeles, Calif.
  • Louisville, Ky.
  • New York City, N.Y.
  • Philadelphia, Pa.
  • San Antonio, Texas
  • San Diego, Calif.
  • San Francisco, Calif.
  • Seattle, Wash

The report was released during National Small Business Week (May 12-16), an initiative organized by the U.S. Small Business Administration to recognize the critical contributions of America’s entrepreneurs and small business owners. Small businesses make up a key segment of the U.S. economy, employing 55 percent of the nation’s workforce and accounting for 63 percent of net new jobs created between mid-2009 to 2012. Local business owners regularly interact with local governments for a variety of reasons, including acquiring permits and licenses, scheduling inspections.

Local businesses and city governments would strongly benefit from the Marketplace Fairness Act, which would ensure that online retailers play by the same rules as local brick and mortar retailers when it comes to collecting sales taxes. In addition to funding vital city services such as public safety and infrastructure, local businesses would be able to compete fairly with online retailers and offer more choices to consumers.

The full report can be found here: http://www.nlc.org/big-ideas-for-small-business

The National League of Cities (NLC) is dedicated to helping city leaders build better communities. NLC is a resource and advocate for 19,000 cities, towns and villages, representing more than 218 million Americans. www.nlc.org

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Recent Comments

Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

Recent Posts