Insight News

Tuesday
Jul 22nd

Business

Stay in the game

Job seekers hear a lot these days about the employment numbers going up and down.  The problem with these statistics has always been the same: when discouraged people give up on looking for work, they are no longer in the employment pool.  This lowers the unemployment rate, the number of people who are officially looking for work.  However, it does not make discouraged people any more gainfully employed.  If you’re looking for work, write the name Latisha on a piece of paper and hang it on your refrigerator.  Here’s why.

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Minneapolis awards $322,800 to support small businesses

Minneapolis City Council recently approved funding of $322,800 to help boost vitality in Minneapolis business districts. Grants will be made to business associations, community development corporations and other non profit organizations to support a variety of activities including business recruitment, district marketing initiatives, and business workshops. Funding is through the City’s Great Streets Neighborhood Business District Program that supports and promotes neighborhood business recruitment, branding and marketing efforts as well as targeted market analysis, business networking opportunities, and more.

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Show me my money! Understanding payroll taxes

Here’s a math problem for you:  Reba works forty hours a week and earns $16 per hour.  Therefore, she earns $640 in a week.  So why is it that the check she receives is so much less than six hundred forty?  The answer is Taxes.  Understanding how payroll deductions work can help Reba get a handle on how much money she actually takes home on payday.

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Unemployment Insurance: Collecting benefits when you’re out of a job

During 2010, the Unemployment Insurance Program paid over $2.8 billion in unemployment benefits to more than 348,000 Minnesotans. 
If a person is laid off, he or she might be among those eligible for unemployment benefits.  If applying for unemployment benefits, do not feel guilty, but do not expect a big payday, either.  The program is set up to help job seekers squeak by until you can find new employment.

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Long live D.C.'s "Mayor for Life"

Marion Barry has been at the forefront of American race and politics for four decades. The latest firestorm for Washington, D.C.’s “Mayor for Life” is his campaign victory party comment that Asian business owners in his ward "ought to go."  At a political celebration the venerable Barry caused widespread condemnation among the District of Columbia Democratic Party faithful when he said: “We’ve got to do something about these Asians coming in and opening up businesses and dirty shops. ... They ought to go.  But we need African-American businesspeople to be able to take their places.”

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$33.6 Million increase in small business lending

WASHINGTON – Recently, the U.S. Department of the Treasury released a report showing that Minnesota banks have increased their small business lending by $33.6 million since receiving capital through Small Business Lending Fund (SBLF).

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New JOBS Act calls for new tools

New JOBS Act calls for new tools

On Thursday, April 5, 2012, I had the opportunity to join a bipartisan group of supporters at the White House to witness the signing of the Jumpstart Our Business Startups (JOBS) Act of 2012 into law.

This multi-pronged legislation addresses several financing challenges for small and emerging American businesses, and since access to capital continues to reign as the Number One problem for small businesses, the JOBS Act of 2012 has the potential to be just what the doctor ordered.

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