Archive by category Policy

Why Are So Many California Businesses Changing Hands?

Why Are So Many California Businesses Changing Hands?

Photograph by Ian Stanley/Alamy This summer, Bloomberg News published research indicating that California lost 5.2 percent of its business establishments in 2012. Why were California’s businesses disappearing at the nation’s fastest rate? High taxes and over-regulation, said a torrent of commenters on a blog post from July, echoing the often-repeated theory that Golden State business […]

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A New Report Card on the SBA’s Loan-Guarantee Programs

A New Report Card on the SBA’s Loan-Guarantee Programs

Photograph by Andrew Olney The Small Business Administration guaranteed $29.6 billion in loans through its two biggest lending programs in the year ended September 2013, the agency said this week. That includes $11.7 billion for the SBA’s 504 program, which is used to finance real estate and other major assets, and $17.9 billion for its […]

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New York State Cracks Down on Fake Online Reviews

New York State Cracks Down on Fake Online Reviews

Photograph by Ollo Every butcher, baker, and candlestick maker who has ever contemplated the dark arts of online reputation management should take note: The seemingly benign practice of posting fake business reviews isn’t so benign these days. A month ago Yelp (YELP), sued a San Diego lawyer for planting fake reviews about his solo practice […]

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Jersey Shore Boardwalk Businesses Try to Rebuild—Again

Jersey Shore Boardwalk Businesses Try to Rebuild—Again

Photograph by Spencer Platt/Getty Images An amusement ride stands near the destroyed boardwalk on Sept. 13 in Seaside Heights, N.J. An earlier version of this story ran online. Bob Stewart has spent nearly half a century working on the boardwalk in South Jersey’s Seaside Heights and Seaside Park. Last October’s Hurricane Sandy wrecked his latest […]

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The Shutdown’s Ripples Are Already Frustrating Small Businesses

The Shutdown’s Ripples Are Already Frustrating Small Businesses

Photograph by Angela Wyant/Getty Images Yolanda Lewis remembers the days leading up to the government shutdown in 1995 as a frustrating time. Her company, San Jose-based Innovative Resources, had a contract to provide janitorial services to Walter Reed Army Medical Center in Washington. “We didn’t know if our contract was going to be deemed non-essential, […]

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A VC Firm Tests the Limits of the New General Solicitation Rule

A VC Firm Tests the Limits of the New General Solicitation Rule

Photograph by Michael Nagle/Bloomberg John Frankel, founder and partner at ff Venture Capital, speaks at the Bloomberg Next Big Thing Summit in New York on Sept. 16 Back in July, the Securities and Exchange Commission passed rules that eased 80-year-old limits on how startups, venture capital firms, and other private investment vehicles can market themselves […]

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Goldman Sachs Wants to Give Main Street Free Online Training

Goldman Sachs Wants to Give Main Street Free Online Training

Photograph by Jin Lee/Bloomberg Goldman Sachs’s headquarters in New York In the fall of 2009, with Goldman Sachs’s (GS) image battered by the financial crisis, the investment bank teamed with Warren Buffett and some well-regarded nonprofits to provide capital and entrepreneurship education to thousands of small businesses. If the project felt like a play for […]

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