small business | WYPR

small business

To understand venture capital and how it affects start-up businesses in Baltimore, you might want to try a baseball metaphor. 

It takes anywhere from $1 million to $5 million in seed money to get started. And that's just hitting singles and doubles. A start-up that wants to knock a grand slam out of the park needs a lot more than that, $10 million or more. And for that, local businesses have to turn to out of state investors.

A Johns Hopkins University report released last week found that almost 70 percent of venture capital investments for start-ups in Baltimore are coming from outside of Maryland.

Imagine you had to call into work every morning to find out if you were on the schedule. How would you arrange child-care? What if you were juggling a second job? Or what if you arrived at work only to find you weren’t needed? This is reality for many low-wage part-time employees. Maryland is one of at least ten states considering legislation to make scheduling more predictable. But employers say a one-size-fits-all mandate will place an unnecessary burden on businesses. Economics and labor-employment relations researcher Lonnie Golden joins us to discuss so-called just-in-time scheduling. We’ll also hear from Mike O’Halloran, Maryland State Director of the National Federation of Independent Business.