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Obama Signs JOBS Act Opening Door to Up to $1 Million in Crowdfunding

Obama Signs JOBS Act Opening Door to Up to $1 Million in Crowdfunding

President Barack Obama Thursday signed into law the bipartisan JOBS Act, short for Jumpstart Our Business Startups, which is designed to create jobs over time by easing access to capital for businesses. Citing the success of American inventors and entrepreneurs such as Graham Bell and Henry Ford, Obama predicted the act will be a “game […]

Amazon wants to put anti-tax action before California voters

In a controversial move, Amazon has announced plans to ask California voters to decide whether the state should require the online merchant to collect sales tax. The development comes about two weeks after the California legislature passed an Internet tax law similar to those passed in Illinois and several other states. (See related story on SmallBizChicago.com). Amazon […]

Workers’ comp reform fails in the House

A workers’ compensation reform bill that would have saved Illinois employers $500 million to $700 million a year failed in the Illinois House Sunday evening, after sweeping the Illinois Senate Saturday, the Chicago Tribune reported. Strong opposition from the Illinois State Medical Society pressured House Republicans to kill the bill, which would have cut fees to doctors […]

Politics put SBIR funds in question

Small business groups expressed concern and frustration over the U.S. Senate’s failure Wednesday to pass the SBIR/STTR Reauthorization Act of 2011, which would continue federal funding for the Small Business Innovation Research and Small Business Technology Transfer programs beyond the end of May. “This cynical move is the latest in a series of political games that deny […]

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