Mike Harting, CEO of 3 Daughters Brewing, writes an open letter to elected officials, on behalf of small businesses in St Petersburg (and everywhere). He writes that small businesses need:
Small Business thoughts:
- Speed is of the essence -- we do not have lines of credit or reserves; we need cash to prime the pump.
- Tax credits do not help -- we will not make it that far.
- Loans will not help -- that simply prolongs and defers our struggle.
- Use the SBA and its lending partners to disperse cash -- NOW. Create an easy formula for banks to follow; last year verified P&L, average total expense per month x2.
- Suspend all taxes and licensing for 6 months. We pay sales tax on rent in my state -- get rid of it. We pay an excise tax on manufacturing in my industry -- get rid of it. We pay tax on the payroll -- get rid of it. Give us six solid months to build up cash.
His whole letter is viewable here.