Small business weekly:

January 28, 2013

A look back at some of the biggest small business stories from the past week, with a focus on Washington.

Immigration reform calls grow louder


President Obama renewed his push for immigration reform during his inaugural address last week. (J. Scott Applewhite/AP)

Congress making progress on debt deal

The House on Wednesday approved a plan to temporarily suspend the federal debt limit, again pushing back the threat of government default. However, leaders in both parties say they will likely be forced to allow the sweeping round of spending cuts known as “sequestration” to take effect as scheduled at the beginning of March.

One-click start-up investments

An increasing number of early-stage investors are turning to online networking sites and making capital injections into start-ups the leaders of which they sometimes have never met or even spoken with. In some instances, as reported by The Wall Street Journal, it can be as easy as clicking a single button.

Citigroup cutting small business bankers

Citigroup Inc. is firing a number of its small business bankers as its executives look to cut costs, according to a report by Bloomberg. The bank is currently the third-largest lender in the United States and committed to lend $24 billion to small firms through the end of 2014.

SBA simplifies procurement process

The Small Business Administration last week launched an online marketplace for government projects, attempting to streamline the search and bidding process for small federal contracts. The site lets small business owners create online profiles, browse contracting opportunities, and submit bids directly through the site.

Business owners report a bleak economic outlook

More than eight in 10 small business owners think the economy is headed in the wrong direction, and most (seven in 10) say the health care law is making it especially difficult for their companies to grow and hire workers, according to a new U.S. Chamber of Commerce study.

OSB business of the week: Brewery, Inc.: The new venture in Houston, Texas considers itself the world’s first brewery incubator, helping aspiring beer makers get their businesses off the ground,

What are you keeping an eye on this week? Please let us know below.

Follow On Small Business and J.D. Harrison on Twitter.

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he runs the On Small Business blog.
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