Small business news highlights recent economic challenges and opportunities across the U.S. and globally. Private sector employment dropped by 32,000 jobs in November, per ADP data, amid ongoing optimization efforts like Newell Brands closing 20 Yankee Candle stores and cutting 900 jobs. Small businesses, which generate nearly half of U.S. GDP, anticipate 20% of annual sales from Small Business Saturday, underscoring the importance of local shopping.
Policy Impacts
Under President Donald Trump, small businesses face tariff pressures, with owners pushing for exemptions due to narrow margins and inability to absorb costs from steep China tariffs. Optimism is rising as recession fears ease, hitting the highest level since 2002, while about 5 million new businesses formed last year, led by women and people of color.
Key Events
The House Committee on Small Business schedules a December 10 hearing, "From Service to Startup: Empowering Veteran Entrepreneurs," to address barriers and support for veteran-owned ventures. SBA disaster loans up to $2 million at 4% interest remain available for businesses impacted by the Francis Scott Key Bridge collapse.
Resources and Trends
Platforms like Walmart Business and Apple Business Connect offer tailored tools for inventory, payments, and online reach amid record formations (over 33 million small businesses). Sites such as Small Business Trends and NFIB provide ongoing tips, advocacy, and state-specific news for owners.
