Wall Street’s top bank unleashes Trump administration’s small business playbook to ‘boost economic opportunity’

First on Fox: Goldman Sachsalong with the Bipartisan Policy Center, unveiled a new small business policy playbook aimed at providing a “roadmap” on how best to drive small business growth during the incoming Trump administration.

Global Investment bank Giant, along with bipartisan think tank and Fox Sports NFL correspondent Erin Andrews, is rolling out the small business book “Winning Strategies to Drive Economic Growth,” which, according to a press release, “offers a practical guide to growing states “United the economy by addressing the most pressing challenges facing our nation’s small businesses.”

“We are proud to partner with the Bipartisan Policy Center to provide lawmakers on both sides of the aisle with actionable policy solutions to help level the playing field for small businesses,” said John F. W. Rogers, Executive Vice President of Goldman Sachs. “Small businesses are the backbone of the American economy and will help fuel economic opportunity, growth and prosperity.”

The roadmap includes recommendations in three “critical areas”: workforce, cost of doing business, innovation and opportunities that “integrate insights gathered directly from small business owners through extensive research.”

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The plan enhances benefits for employees small businesses, Including amending the Retirement Start Credit, strengthening the tax credit for paid family leave, updating child care tax credits and strengthening programs that “support working parents” by expanding the labor market for child care.

The plan also calls for skills training that would “encourage partnerships between Small Business Administration (SBA) resource partners and workforce programs to offset training costs and increase worker skills.”

According to the plan, “removing financial barriers” will play a key role in addressing the “cost of doing business,” and Goldman Sachs stresses the importance of access to capital by expanding small business investment firms and revamping technical assistance for microloans and fintech financing. Solutions.

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“At a time when America is looking for common sense, bipartisan victories from Washington, lawmakers should look no further than the small business policy book for strategies to help small businesses lift the American economy,” said Jessica Johnson Cobb, President and CEO. From Johnson Security Bureau, Inc., a third-generation, family-owned security services company headquartered in the Bronx, in the press release. “This playbook provides a roadmap for how policymakers can support small business owners so we can thrive, grow, and create jobs and opportunity in our communities.”

In addition, the plan discusses tax policy reform and regulatory relief.

The roadmap also outlines how “innovation and opportunity” can stimulate growth in the economy by allowing “SBA 7(a) loans to cover technology upgrades, ensuring resource providers can support AI and other digital tools” and streamlining “certification processes to help businesses.” “The little one.” “Companies compete for government contracts.”

On manufacturing, the roadmap calls on the government to “expand access to capital for manufacturers and improve investment opportunities in small manufacturers through small business investment companies.”

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“Republicans and Democrats agree that meaningful economic growth requires a thriving small business sector,” Margaret Spellings, president and CEO of the Bipartisan Policy Center, said in the news release. “The Small Business Policy Guide for the 119th Congress and the incoming Trump Administration provides clear legislative recommendations for bipartisan policies they can enact to enable small businesses to access capital, innovation, and remain competitive in today’s rapidly evolving marketplace.”

As part of the rollout, Goldman Sachs and the Center for Bipartisan Policy are collaborating with Andrews on an advertising campaign.

“Her message to policymakers is simple: Score a win for small businesses,” the press release said. “The ad, which can be viewed online, will run on Connected TV (CTV) as part of a broader campaign to attract attention and support for Washington’s small businesses.”