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
TheStreet Open House

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

According to QSR Magazine, respondents also said the best way to address rising food costs was by changing menus, adjusting plate composition and exploring sourcing options.

-- 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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David 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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs