Welcome to the December Edition of our Small Business Memo.
As 2024 comes to a close, this edition of the Prism Group Small Business Monthly Memo highlights key updates and insights for the month. December is a pivotal month for small business advocates and stakeholders as Capitol Hill races to finalize critical legislative priorities before the new administration begins its work in January. During this holiday season, we are still laser-focused on the policy decisions shaping small businesses’ economic and operational environment now and for the year ahead.
One of the most consequential legislative priorities is the National Defense Authorization Act (NDAA), which has the potential to enhance federal contracting opportunities and expand critical programs for small businesses. At the same time, Congress continues to deliberate on budget reconciliation strategies, with partisan divisions slowing progress on comprehensive fiscal solutions. These ongoing debates introduce uncertainty for businesses and communities but underscore the vital role of sound governance in maintaining a stable foundation for small business growth and resilience.
A disaster relief bill remains an urgent concern. Congress continues to debate crucial funding for all who have endured the wrath of two severe hurricanes earlier this year. Small businesses are instrumental drivers of economic recovery in disaster-stricken areas, providing essential goods, services, and employment. Timely disaster relief funding is important to those communities that have been affected.
As we navigate this evolving policy landscape, the Small Business Monthly Memo will continue to serve as a trusted resource, providing insights and updates to help you anticipate and prepare for the road ahead. 2025 presents an opportunity for policymakers, business leaders, and communities to collaborate toward a stronger, more equitable small business ecosystem. We look forward to working with you all in the new year.
Warm Regards and Happy Holidays from us all,
The Prism Group Small Business Team
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