Entrepreneurs Ask Santa for Loans, Lower Taxes
CEO Gabriel Shaoolian quoted in the Wall Street Journal
What do small-business owners want most for the holidays?
From bigger lines of credit and lower taxes to affordable health-care plans and equipment upgrades, many say they want resources to help their companies grow.
At the very top of the wish-list for Andrew Fox, owner of New York-based event-listing and planning firm Track Entertainment Inc.: restoration of his $10 million line of credit. He says his bank cut it by a whopping 90% in 2008, forcing him to sell off several small businesses he'd acquired just a few years earlier. And Mr. Fox would like for his company's credit-card provider to reinstate the unlimited monthly spending privilege he used to have; it was reduced to a $20,000 cap, also in 2008.
Gabriel Shaoolian wants about 20 new employees for his New York Web-design and marketing firm, Blue Fountain Media Corp., including information architects, business-development consultants, website developers and online marketing strategists. He has the money and the business to hire the people—but he needs a little reindeer power to find the right talent. "We're in an industry that's relatively young, so it's hard to find someone who's good at it," he says. "We get a lot of résumés, but they lack the experience we're looking for."
Go to WallStreetJournal.com to read more business owners' holiday wish lists