Small Business

Economy

Innovate Alabama board holds first meeting of the year

The board announced the creation of the Innovate Alabama network to connect entrepreneurs and businesses with resources.

March 3, 2023

NFIB: Small business job openings back up in January

The percentage of owners reporting labor quality as their top business operating problem remains elevated at 24 percent.

February 3, 2023

Most Alabama employers to see 54 percent unemployment insurance tax cut

This is the first time Alabama has dropped into Schedule A, the lowest tax rate schedule, since 1997.

January 6, 2023

Business, retirement tax changes to take effect Jan. 1

The changes include phasing out the business privilege tax and the exemption of $6,000 of retirement income for senior citizens.

December 23, 2022

Innovate Alabama board chooses founding CEO

Montgomery native Cynthia Crutchfield will be the first CEO of Innovate Alabama.

November 15, 2022

Inflation continues to weigh on small business optimism

Thirty percent of owners reported that inflation was their single most important problem.

October 12, 2022

White House says Inflation Reduction Act would lower health insurance premiums

Officials say the provisions in the bill would help about a million small business owners and employees as well as self-employed individuals.

August 2, 2022

Inflation, supply chain send small business optimism to a 48-year low

Twenty-three percent said that labor quality was their top business problem, behind inflation.

June 15, 2022

Governor signs House Bill 82, which cuts taxes for small businesses

The Small Business Relief and Revitalization Act includes corporate and income tax relief, as well as sales tax and business personal property tax relief.

March 1, 2022

House passes first small business tax relief bill

The bill would exempt up to $40,000 in business personal property tax.

February 7, 2022