This reference probably makes you think of big companies that employ thousands of workers and major corporations that make millions, if not billions, of dollars a year. While large businesses make obvious contributions to our state and our nation s overall economy, you might be surprised at the contributions small businesses make to both the economy and the workforce.
Contributions made by small businesses extend beyond the bottom-line of the nation s economy.
In local communities, small businesses tend to be more community-minded than large businesses. Overall, they give more in charity to community service organizations, and tend to target their donations to direct service providers. Noting these facts, Congress plans to aggressively pursue a small business agenda designed to encourage their growth and prosperity on a number of different fronts. The Small Business Committee in the House of Representatives has released its agenda for the coming year. It includes a repeal of the death tax, which helps owners of farms and small businesses pass their assets onto the next generation without facing a hefty tax from Uncle Sam.