The Impact of New Coronavirus Relief Bill on Small Businesse

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INFO GRAPHIC
How Government Can Help Small Businesses Grow
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There is a common assumption that the government
restrains small businesses when it actually does
considerably to help encourage business activity.
Most small businesses have mixed feelings about
the government. Some require assistance from it,
while some do not want interference from it.
Helping small businesses start and grow is a
win-win situation for the government. While
starting and running a small business, theres
all that official procedures you have to follow
like permits, business taxes, verifying
employees, compliance with laws and regulations,
and so much more. Despite such regulations and
hurdles, the government is still supporting small
businesses to foster growth. Heres how local,
state, and federal government can help your small
business grow.

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Local Government
Local government takes direct actions to assist
small businesses in their area, like
offering low-interest business loans to help them
make essential upgrades and expansion, foster
energy efficiency, and more. In order to see the
availability and types of assistance services in
your area, check with your local government
office.
the abacus or activity of athering information
about consumers' needs and preferences
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There are local Small Business Administration (SBA
) offices that are resources from the U.S.
government to help small businesses thrive. You
can look for their offices on the SBA website and
get help on applicable business laws, counseling,
training, access to a variety of resources, and
guidance on matters like local incubators,
financing programs, and networking events. The
SBA provides support via different programs
including The Small Business Development
Centers, Women Business Ownership, Entrepreneurshi
p Education, SCORE, Native American Affairs and
the Small Business Training Network.
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State Government
Every state has its own laws and regulations with
one thing in common a special interest in
helping small businesses grow and succeed. New
York State also offers resources similar to the
SBA, including the lending programs and financial
resources for minority-owned and women-owned
businesses, technical assistance programs for
businesses such as Business Mentor NY,
Entrepreneurship Assistance Centers, New York
Manufacturing Extension Partnership, Procurement
Assistance Program, NYS-Certified Business
Incubator, and Innovation Hot Spot Program. They
also work with lenders throughout the state to
ease the availability and fundability of working
capital loans to small businesses. Moreover, your
local or state government can also become your
client giving you more business and growth
opportunities. For that, you need to research
your states contracting practices and check out
for new proposal requests. If you want to become
a government contractor, learn more here.
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Federal Government
The federal government is always supporting small
businesses and in certain cases, theyve put
their money behind it. Many federal government
programs aimed at helping small businesses from
the Startup America Partnership to the
SBA Entrepreneurial Mentor Corps and the
IRS Virtual Small Business Workshop. For a
comprehensive list of resources, click here.
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In addition, there are federal departments that
provide guidance in their areas of expertise to
small businesses such as the Department of
Agriculture provide useful insights to U.S.
agriculture and reliable reference on
agricultural production, supplies, consumption,
costs, etc. The U.S. Patent and Trademark
Office is responsible for granting U.S. patents
and registering trademarks and provides support
on export regulations, RD grants, or tax
incentive programs. You can also get detailed
market research from the U.S. Census data 
serving as the best marketing research in the
nation. For a comprehensive list of federal
government resources, click here
the abacus or activity of athering information
about consumers' needs and preferences
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The Bottom Line

Its worth considering the resources and
assistance programs the government provides to
help small business owners. However, you are
going to spend time on those permits, taxes, and
compliance, so you may as well get some benefits
in exchange.