This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Things You Should Know About Small Business: Mar. 8

NEW YORK ( MainStreet) -- What's happening in small business today?

1. Small businesses are pitching the Republican National Convention. Tampa Bay's small businesses are pitching for Republican National Convention dollars, according to the Tampa Bay Times. More than 300 small businesses attended a local forum this week looking for opportunities to get involved with the convention, set to take place in late August.

The businesses have until the end of March to register as part of the convention's Small Business Network. About 400 have signed up so far.

Between visitors occupying hotel rooms and booking events, the convention is expected to bring about $175 million in direct spending to the area.

2. Some are using Droid, not the iPhone, for business. There's been a lot of talk this week linking small-business owners to their Apple( AAPL ) technology, but one expert makes the case for the Android phone. Regardless of which smartphone you choose, owners should make sure to review the options and capabilities to ensure it fits their business needs.

But there are a few perks for owning an Android: The phones are more affordable, and there are more model choices; its open-source software makes it easy to create a business app; it may have better security; and it won't punish you for using an older phone.

3. The House may vote on capital formation bills; up next, taxes. The House of Representatives is expected to vote today on a handful of recently introduced bills designed to open pathways to capital for small businesses. The package is expected to go forward with bipartisan support, according to the Small Business & Entrepreneurship Council.

In the next few weeks, the House will move to tax issues, focusing "on a major tax relief initiative for small businesses," the council says. The House proposal calls for a 20% tax deduction for businesses employing fewer than 500 people.

"Such a tax cut will free up resources for small-business owners, which they can invest in their businesses and hire needed employees. With health coverage, energy and other costs on the rise, small-business owners are getting squeezed. The business environment remains challenging and accessing capital is difficult. Indeed, with President Obama proposing a major (and SBE Council would argue needed) tax cut for corporations, small businesses also need tax relief. SBE Council looks forward to House action on this tax proposal," the council says.

Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to:

To follow Laurie Kulikowski on Twitter, go to:!/LKulikowski


Follow TheStreet on Twitter and become a fan on Facebook.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs