Encouraging Small Business
Microenterprises – businesses with five or fewer employees, which requires $35,000
or less in start-up capital – represent 88% of all businesses in California. Most are
small, family-owned businesses, independent contractors, home-based business owners,
and the self-employed. Assemblyman Yee strongly supports these businesses because they
keep the economy thriving and represent the spirit of innovation that has contributed
to California’s success in the global economy.
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| Supports Locally-owned Businesses. As a San Francisco
Supervisor and community leader, fought the encroachment of large chain stores
which displace locally-owned businesses.
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| Recognizes Outstanding Microenterprises. To increase
awareness of resources available to for microenterprises, Yee passed a resolution
declaring October Microenterprise Development Month, and recognizes outstanding
microenterprises in his District with Small Business of the Year Awards.
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| Led Effort to Reopen Foreign Trade Offices. California
became the world’s fifth largest economy through pioneering innovation and global
business partnerships. However, in 2003 with the closure of the California
Technology, Trade and Commerce Agency, all foreign trade offices which help
businesses develop ties around the world were closed, placing many small and
medium-sized businesses in California at a competitive disadvantage. To help
local businesses participate in the global economy, Yee introduced legislation
that would help reopen the vital foreign trade offices across the state.
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| Fought To Control Workers Comp Costs. As workplace
injuries, illnesses, and deaths cause workers’ compensation insurance premiums
to skyrocket, Yee wrote legislation designed to bring relief to businesses by
creating incentives for employers to follow health and safety training standards
to reduce injuries in high-hazard industries and lower workers compensation
insurance costs for California’s small businesses.
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