Heard on the Street: Inequity in small business lending, clearing the path for work coops, and the Golden Age of business acquisitions

By September 9, 2019 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Disinvestment, Discouragement and Inequity in Small Business Lending:  Tests show inferior treatment of minority business owners at banks, and data shows a steep decline in government-backed lending to black entrepreneurs

Clearing the Legal and Financial Pathway for Worker Cooperatives in Illinois: The Limited Worker Cooperative Association Act was recently signed into law by IL Governor Pritzker this month. The act creates the new Limited Worker Cooperative Association (LWCA) entity under Illinois state law, allowing worker co-op members to register their businesses in a legal form tailored to protect the essential features of worker ownership and control.

Take Advantage Of The Golden Age Of Business Acquisitions: Today, business acquisitions have become a meaningful growth strategy for small businesses all across the United States. Most small businesses in the US today are owned by baby boomers, so the demographics are becoming more acquisition-friendly.

In order to understand the brutality of American capitalism, you have to start on the plantation: Those searching for reasons the American economy is uniquely severe and unbridled have found answers in many places (religion, politics, culture). But recently, historians have pointed persuasively to the gnatty fields of Georgia and Alabama, to the cotton houses and slave auction blocks, as the birthplace of America’s low-road approach to capitalism.