small business

via Lisa Gillespie WFPL

  An Obama-era program to change how small businesses insure their employees will be majorly scaled back.

On Monday, President Donald Trump’s administration announced it would gut the Small Business Health Options Program, or SHOP.

As part of the Affordable Care Act, SHOP created an insurance marketplace for small businesses that is similar to Healthcare.gov. And while SHOP was never a very popular program that had its own troubles, it ended up spurring private insurers to make changes to the way they provide insurance to small businesses.

Senate Republicans voted Wednesday night to rescind an Obama-era policy that allows states to offer retirement savings plans to millions of workers.

Retiree and worker protection groups say the move will hurt employees at small businesses.

Many small businesses say they can't afford to set up retirement savings plans, such as 401(k) plans, for their workers. That's a big reason why so many Americans aren't saving, says Cristina Martin Firvida, the AARP's director of government affairs.

Sembodo Tioss Halala, 123rf Stock Photo

Kentucky state government is working to make small businesses aware of a tax saving program for those who expand their companies. The Kentucky Office of Entrepreneurship is holding public meetings statewide for small business owners on how to qualify for the small business tax credit. 

Kentucky Retail Federation, via Facebook

A relatively small sample of Kentucky’s independent retailers shows mixed reviews when it comes to evaluating their local economies.

Matt Markgraf, WKMS

Human Resources professionals and business managers across the region are invited to the annual networking conference hosted by the Four Rivers Society for Human Resource Managers August 28 in Paducah. On Sounds Good, Kate Lochte speaks with Teri Ray, Lecturer in The Arthur J. Bauernfeind College of Business at Murray State about the event, about why networking is helpful for HR professionals and some tips on working in the field. 

Matt Markgraf, WKMS

District Director of the Kentucky Small Business Development Center in the Arthur J. Bauernfeind College of Business at Murray State, Chris Wooldridge and President/CEO of the Murray-Calloway Chamber of Commerce Aaron Dail visit Sounds Good to speak with Chad Lampe about a Retailers Roundtable in Murray Wednesday morning as part of the observance of National Small Business Week, which includes information about a new tool being developed for small business to make actionable change and decisions based on local market data. 

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Small businesses and agriculture operatives have less than a month left to apply for federal economic injury disaster loans as result of this summer’s drought. The deadline for the Small Business Administration assistance is March 12.  Loans through the program can be up to $2 million with interest rates as low as four percent for eligible small businesses and three percent for nonprofits.

New data shows small businesses have led the Mississippi Delta region in job creation. The Delta Regional Authority released private-sector data Monday showing 90 percent of all new jobs in the area over the last 20 years have come from businesses with nine or fewer employees.