The president finally signed the long-awaited $42 billion bill
that will not only extend a lifeline to America’s small business owners, but hopefully means that the worst is behind them. Naturally, our policymakers were at odds with one another over the new law. Some believe the help is still insufficient or even misguided. Dissenters say the real solution to help small businesses is to cut spending and stop tax hikes, which will spur job creation. While that may be true, we can’t dismiss the promise of $12 billion in tax breaks and a $30 billion fund encouraging community banks to make loans. But whatever side of the argument they’re on, America’s small business owners care about one thing – profitability. It’s our hope that this will help them get a step ahead or even maintain that goal.
Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry.