small business

Business
4:29 pm
Thu June 27, 2013

Smaller Texas Banks Stand to Gain from Ban on Debit Surcharge

A prohibition on surcharges on debit cards issued by smaller banks takes effect in September.
U.S. Navy/LaTunya Howard

This year the Texas Legislature passed HB 3068, banning the surcharge placed on debit cards. The bill was championed by The Independent Bankers Association of Texas (IBAT), an organization that provides resources to the state’s smaller, community banks.

IBAT Executive Vice President Stephen Scurrlock says the law will have a positive impact on Texas’ small businesses – and that by scuttling the additional cost of using a card not affiliated with a giant bank, payment by debit card will no longer discriminate against community banks. 

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Business
10:06 am
Thu June 20, 2013

Austin Slow to Warm to Mobile Pay Apps like Isis, Square

While mobile payment apps make transactions easier for retailers, some Austin business are still waiting for the payment platform to take off.
flickr.com/joeybones

The idea is great: Walk into your local coffee shop, order your usual, and pay with the tap of a finger. No credit cards, no cash, no wallet.

That’s the concept behind mobile payment apps like Isis and Square. Customers download an app to their phones, program their credit card, and pay by giving the cashier their name. Their card is charged instantly.

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Business
12:59 pm
Tue January 15, 2013

Survey: Texas an 'Oasis' for Businesses, Austin Shows 'Overall Friendliness'

http://www.flickr.com/photos/schidambara/

Texas has been courting businesses for some time now, attracting job creators and corporations to the state in droves.

State and city officials have lured corporations in with sales tax incentives. That's prompted accusations of corporate welfare and ill-gotten subsidies, but the state’s dance card is full when it comes to reeling in businesses. In fact, the state’s attracted more businesses than most.

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Business
3:35 pm
Thu May 31, 2012

Newest Downtown Tenant: A Tech Start-Up Space

Tech Partnership Chair and CEO Bryan Jones explains the new TechLive venture in the room Capital Factory will be using as its main office.
Photo by Robb Jacobson for KUT News

The 16th floor of the Omni Hotel will now be a shared workspace for start-up technology companies.

The Austin Chamber of Commerce announced the initiative today. They’re calling it Austin TechLive.

The facility will provide entrepreneurs with office, meeting and event space in exchange for monthly membership. And with over 4,000 tech companies responsible for over 100,000 jobs in the Austin area – and that number expected to grow by 5,000 jobs this year – the city's tech community is burgeoning. 

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Business
3:24 pm
Thu May 31, 2012

Survey Says Austin Tops for Small Business

Austin ranks well in a survey of small business owners in the service industry.
Photo by Caleb Bryant Miller for KUT News

Austin scored an A-plus in a survey of small business friendliness.

The capitol city ranks as the nation’s fourth friendliest city to small business, according to a survey by Thumbtack.com and the entrepreneurship-focused Kauffman Foundation.

The nationwide survey asked 6,000 of the small business owners registered with Thumbtack – a service which aggregates bids for hiring local help – questions about small business friendliness and finance in their city.

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Business
3:15 pm
Fri May 11, 2012

Asian Chambers of Commerce Merge to Serve Growing Population

Austin’s Asian population is growing – and now it’s leading to some big changes for two organizations that support Asian businesses.
Photo courtesy Greater Austin Chamber of Commerce

Austin’s population is more Asian than Texas as a whole – but it has a lower percentage of Asian-owned businesses.  That’s one reason two local chambers of Commerce are merging.

Today the Texas Asian Chamber of Commerce and the Austin Asian American Chamber of Commerce officially joined forces to form one group: the Greater Austin Asian Chamber of Commerce.

Board member Ying McGuire says the united chamber will offer help to Asian-Americans, immigrants and refugees.

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Business
2:39 pm
Tue July 19, 2011

Small Businesses Could Be Blamed For Their Customers' Web Piracy

Small businesses, such as those that line the Drag, could face penalties for their customers' illegal downloads.
Photo by KUT News

Small businesses that offer wireless connections to their customers could be on the hook for illegal downloads that happen on their networks, according to the National Federation of Independent Business (NFIB)

Record labels, movie studios and other industry groups recently struck a deal where participating internet service providers (ISPs) will issue warnings to customers whose accounts are allegedly used to steal content. The NFIB says small business owners could be charged, fined or worse.

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