Monday Links: No Layoffs, Ever

Posted by: John Tozzi on March 1, 2010

The WSJ’s Bob Tita reviews Spark, the story of Lincoln Electric Co., a Cleveland manufacturer employing 3,300 workers that has had a no-layoffs policy in place for most of the last century.

Utah businesses could face criminal charges for hiring illegal workers under a bill being considered there, the AP’s Brock Vergakis reports.

Some lawmakers are skeptical of President Obama’s $30 billion plan to juice bank lending to small businesses, and business owners who testified would rather see the SBA make loans directly, Ryan Holeywell at Bailoutsleuth reports.

Some business owners are switching from business credit cards to personal cards because the uneven protections of the CARD Act leave out corporate cards, Diana Ransom reports at the WSJ.

Bankers and small businesses hope regulators live up to a recent pledge to ease up on small business loans, Catherine Clifford reports at CNNMoney.

Also: Submit your questions for an SBA Web chat Thursday on federal contracting.

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What's it like to run your own company today? Entrepreneurs face multiple hurdles new and old, from raising capital and managing employees to keeping up with technology and competing in a global marketplace. In this blog, the Small Business channel's John Tozzi and Nick Leiber discuss the news, trends, and ideas that matter to small business owners. Follow them on Twitter @newentrepreneur.

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