“The fact that 60 percent of all the biotech tax credits are going to five companies and only 13 percent are going to new companies … in one of the fastest-growing industries in our state … is a big problem,” said Andrew Feldman, a spokesman for small business advocacy group Maryland Business. “We need to [...]
Having more information available on the effectiveness of business tax credits could benefit small businesses in the state, according to a spokesman for small businesses advocacy group Maryland Business. The organization convinced Clagett and Del. Craig J. Zucker, D-Montgomery, to sponsor business reporting legislation. “It’s going to bring more transparency to the entire system,” said [...]
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Maryland small businesses gripe that they can’t get loans from banks. Lenders complain of a dearth of borrowers. Is there any way to get these two together?
Now that it helped get the Lend Local Act passed — the bill steers a slice of state government banking business to banks that increase their lending to small business — Maryland Business wants to tackle other issues of concern to small business.
Just as our largest corporations are ruling the roost in Washington, so too do they rule in Annapolis. In fact, Maryland’s politics have become so lopsided over the last decade that support for Maryland’s small businesses has degenerated into a mere talking point — “backbone of our economy,” “the engine of economic growth”. Maryland Business [...]
The top issue for small businesses is lending. We need affordable and reliable credit to grow our businesses. We know this anecdotally from the hundreds of conversations that Maryland Business has conducted around the state. And we see it in the numbers—the latest Pepperdine University survey of small business puts access to credit at the [...]
If our largest banks are the "one-percenters" of American capitalism, small business is our 99.