Top Wall Street bank releases small business book for Trump administration to ‘increase economic opportunity’
First on Fox: Goldman Sachs, along with the Bipartisan Policy Center, released a new small business policy playbook that aims to provide a “roadmap” on the best ways to promote small business growth during the incoming Trump administration.
The global Investment bank Giant, along with a bipartisan think tank and Fox Sports NFL reporter Erin Andrews, are releasing the Small Business Growth Playbook, “Winning Strategies to Drive Economic Growth,” which provides a “practical playbook to grow the United States,” according to a press release. Economy by solving pressing challenges facing our nation’s small businesses.
“We’re proud to partner with the Bipartisan Policy Center to provide actionable policy solutions to help level the playing field for small businesses from both sides of the legislature,” said John F.W. Rogers, CEO of Goldman Sachs. “Small businesses are the backbone of the American economy and contribute to economic opportunity, growth and prosperity.”
Recommendations included in the roadmap’s three “critical areas” of workforce, business value, and innovation and opportunity “include insights gathered directly from small business owners through extensive research.”
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The plan also boosts benefits for small business workers, including improving the early retirement credit, expanding the Paid Family Leave tax credit, improving child care tax credits, and strengthening programs that “support working parents” by expanding the child care labor market.
The plan also calls for skills training that “encourages partnerships between Small Business Administration (SBA) resource partners and workforce programs for training expenditures and skilled workers.”
According to the plan, “removing financial barriers” plays a key role in solving the “cost of doing business”, and Goldman Sachs emphasized the importance of access to capital by expanding small business investment companies and improving technical support for microloans and fintech financing. Solutions.
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Jessica Johnson-Copp, president and principal, “When America needs common sense, bipartisan winners from Washington, lawmakers should look no further than the small business policy playbook.” Johnson Security Bureau, Inc., a third-generation family-owned security services company based in the Bronx, said in a press release. “This playbook provides a roadmap for how policymakers can support small business owners so we can thrive, grow, and create jobs and opportunities in our communities.”
Additionally, the plan discusses tax policy reform and regulatory relief.
The roadmap also outlines how “innovation and opportunity” will drive growth in the economy by allowing “SBA 7(a) loans to cover technology upgrades and support suppliers’ adoption of AI and other digital tools” and simplifying “certification processes to help small businesses compete for government contracts.” .”
In relation to manufacturing, the roadmap calls for the government to “expand capital availability for manufacturers and improve investment opportunities for small manufacturers through small business investment companies.”
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“Republicans and Democrats agree that meaningful economic growth requires a thriving small business sector,” Margaret Spellings, president and CEO of the Bipartisan Policy Center, said in a press release. “The Small Business Policy Playbook provides clear bipartisan legislative recommendations for the 119th Congress and the incoming Trump administration to enable small businesses to access capital, innovate, and remain competitive.”
As part of the event, Goldman Sachs and the Bipartisan Policy Center are teaming up with Andrews on an ad campaign.
“Her message to policymakers is simple: a win for small business,” the press release says. “The online ad will be run by Connected TV as part of a broader push to bring attention and support to small businesses in Washington.”
