3 Things You Should Know About Small Business: Dec. 6
NEW YORK (TheStreet) -- What's happening in small business today?
1. Hurricane Sandy weighed on small-business hiring last month. Small-business hiring slowed to a crawl in November, as many businesses struggle to recover from Hurricane Sandy. According to payroll-service provider ADP, small businesses added only 19,000 workers, the slowest month so far in 2012, compared to 52,000 jobs in October, Associated Press says.
Companies overall added 118,000 jobs in November, according to ADP.
As a result of the storm, companies cut 86,000 jobs from payrolls last month, with manufacturing, retail stores and hotels among the hardest-hit industries, Moody's says.
2. New push in Congress for startup visas. Entrepreneurs, investors and advocacy groups are banding together for a renewed push for special visas that would allow foreigners who launch businesses to stay in the U.S., according to The Wall Street Journal. The group is pushing Congress to pass the Startup Act 2.0 bill, introduced earlier this year by Sen. Jerry Moran (R., Kan.) and co-sponsored by a bipartisan group including Sens. Mark Warner (D., Va.) and Marco Rubio (R., Fla.). The Senate bill creates "a new type of visa allowing foreign-born entrepreneurs legally in the U.S. to stay if they can raise $100,000 in capital and hire at least two American workers during their first year holding the visa," the Journal says. 3. What will be hot for the restaurant industry in 2013? Children's nutrition and local sourcing are the two hottest trends in the restaurant industry, according to the National Restaurant Association's "What's Hot in 2013" survey of more than 1,800 professional chefs. The 10 menu trends for 2013 will be:- 1. Locally sourced meats and seafood
- 2. Locally grown produce
- 3. Healthful kids' meals
- 4. Environmental sustainability as a culinary theme
- 5. Children's nutrition as a culinary theme
- 6. New cuts of meat (e.g. Denver steak, pork flat iron, teres major)
- 7. Hyper-local sourcing (e.g. restaurant gardens)
- 8. Gluten-free cuisine
- 9. Sustainable seafood
- 10. Whole-grain items in kids' meals
Follow TheStreet on Twitter and become a fan on Facebook.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV