This Day On The Street
Continue to site
ADVERTISEMENT
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: Oct. 8

About 30% of small-business owners buy coverage from insurance companies on their own, while just 40% get job-based health insurance either from their own company or through a family member's employer, the article says.

There is some good news, according to the report. About 60% of entrepreneurs who buy private insurance are qualified for tax credits under the health-care reform act and 83% of those small-business owners who are uninsured would be eligible for subsidized coverage under the law, the article says.

3. Cash mob hits local Manhattan businesses. The latest trend to support struggling local businesses through so-called cash mobs has hit Manhattan. Cash mobs are large groups of consumers arriving at the same venue at a specific time to purchase as much as its members can reasonably afford in an effort to support the business. The term is an offset to the "flash mob," a group of people that descend on a particular location to break out into a synchronized dance.

According to DNAinfo.com, a community outreach organization has recently started organizing cash mobs in Washington Heights, a part of uptown Manhattan, to support local businesses and artists.

"It just reached a tipping point," Upper Community Church pastor Reyn Cabinte told DNAinfo. "We had to put a team together to do something."

The first cash mob supported a local artist, Inwood-based Will Alicea, best known as Will Teez. About 25 people packed into the back of a local café to purchase T-shirts and buttons made by the artist, the article says.

Many members then stayed for brunch or coffee to support the local café as well.

The cash mob plans to visit other stores in need of support in the area.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

>To submit a news tip, email: tips@thestreet.com.

RELATED STORIES:







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.
2 of 2

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $130.68 0.55%
FB $81.17 0.90%
GOOG $539.18 0.00%
TSLA $248.35 0.00%
YHOO $43.15 0.00%

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs