Saturday, May 25 2013 8:31 PM EDT2013-05-26 00:31:47 GMT
Lake Charles Police are investigating an a second armed robbery this month at the Subway restaurant on Ryan Street. The latest incident happened Friday around 9:08 p.m. Employees told police a blackMore >>
Lake Charles Police are investigating an a second armed robbery this month at the Subway restaurant on Ryan Street. The latest incident happened Friday at 9:08 p.m.More >>
Saturday, May 25 2013 7:18 PM EDT2013-05-25 23:18:04 GMT
The Lake Arthur Regatta brought in many people to enjoy the music, food and fun, especially boaters out on the lake. But it's all about keeping this fun time a safe one. "We'll have around 200 volunteersMore >>
Keeping an eye on those having fun on the water. More >>
Friday, May 24 2013 11:20 PM EDT2013-05-25 03:20:27 GMT
For a family in Lake Charles, one phone call changed everything. The aftermath of the Moore, Okla. tornado revealed the loss of a loved one. One of the children who died at a school destroyed by the tornadoMore >>
A family in Lake Charles mourns the loss of a young relative in the Moore, Oklahoma tornado.
Friday, May 24 2013 8:43 PM EDT2013-05-25 00:43:00 GMT
The Vernon Parish Sheriff's Office is looking for a bank robbery suspect. The Vernon Bank branch on Colony Boulevard in New Llano was robbed Thursday afternoon. Investigators say a black male subjectMore >>
The Vernon Bank branch on Colony Boulevard in New Llano was robbed Thursday afternoon.More >>
Friday, May 24 2013 7:33 PM EDT2013-05-24 23:33:22 GMT
A kindergartner at T.S. Cooley Elementary Magnet School in Lake Charles read 875 books in one school year. Sophia Moss is 5-years-old and she loves to read. "A lot of the days I read books. It's justMore >>
Sophia loves to read. She even wrote her own book and did her book report on it! And even though she's just beginning her academic career, it's only the beginning of her story.More >>
WASHINGTON, DC -- The President believes that entrepreneurs and small businesses are engines of innovation and economic growth and are at the forefront of the nation's economic recovery. This is why the Obama Administration has worked to enact 18 small business tax cuts and numerous measures to help more small businesses access the credit they need to invest, hire, and grow.
Today, the Obama Administration is announcing additional initiatives that build on this record of progress and will help our nation’s small businesses expand and create jobs. Five of these initiatives are immediate executive actions that will accelerate Federal payments, reduce paperwork, and make it easier for small firms to access loans and tax credits, and one is a legislative proposal to raise the amount of investment small businesses can expense next year.
(1)Accelerate payments to small business subcontractors: Through the Office of Management and Budget, the President will direct agencies to make contract payments along an accelerated timeline to all prime contractors for the next year (typically 15 days after receipt of proper documentation, as opposed to 30 days), with the understanding that those prime contractors will similarly accelerate payments to their small business subcontractors.
(2)Announce support for Section 179 expensing at $250,000 for one year (requires legislation): President Obama is calling on Congress to let small businesses write off up to $250,000 in capital investments in 2013, such as machinery and equipment, to drive productivity. This builds on the President’s proposal for 100% expensing for all firms in 2012. Because an increase in Section 179 expensing was part of the 2001 / 2003 tax cuts, this proposal is included in the President’s call for extending those tax cuts for the middle class next year. Without that extension, the expensing limit for small businesses is scheduled to decline to only $25,000 in 2013.
(3)Increase access to capital through SBA’s Small Loan Advantage (SLA) 2.0: SBA is re-launching Small Loan Advantage, one of its key small dollar loan products, as SLA 2.0. This revamped program raises the maximum loan amount from $250,000 to $350,000, streamlines the loan process, and makes it easier for lenders to extend loans to small businesses across America.
(4)Launch “Quick App” for surety bond guarantees under $250,000: SBA is launching “QuickApp,” a streamlined application that will eliminate the need for contractors to complete five unnecessary forms to apply for surety bonds. Providing small firms, particularly in the construction industry, streamlined access to these bonds will make it easier for them to compete for and win additional business, which is important to allowing them to expand and create jobs.
(5)Reduce paperwork for SBA’s Disaster Loan Program: Cutting the online application from 80 screens to three or four screens (depending on loan type) will allow families and businesses easier and quicker access to support for rebuilding after a disaster.
(6)Align New Markets Tax Credit with the needs of investors in growing small firms: The Obama Administration is working on a set of regulatory reforms to the existing New Markets Tax Credit that will make it easier for community development entities (CDEs) to attract private sector funds for investment in startups and small businesses operating in lower-income communities. The forthcoming regulations are designed to encourage CDEs to invest in other types of small local businesses by relaxing the reinvestment requirements for CDEs investing in certain operating businesses. The Treasury Department is also considering regulatory reforms that would further simplify the requirements for these CDEs and intends to publish these for comment in the future.