Knowledge • News • Insights

In Partnership With

Your questions + our expertise = solutions. Click here to find your solutions. Foster Swift.

SBAM | Hubquarters, Pro-Small Business Legislation

sbam logo (hubspot)-100A New Kind of Hybrid – Hubquarters

For many organizations, the definition of the traditional workplace has changed. With so many remote and hybrid employees, having one central office location is often not necessary or no longer efficient. Instead, some are turning to hubquarters – a network of smaller locations.

By Mary E. Corrado, courtesy of SBAM Approved Partner ASE

This new model is similar to the more common Hub and Spoke model, where one central office remains with smaller satellite offices.  But the hubquarters model does away with the central office.  Each hub is designed for both collaboration and independent work. They consist of a group of small, coworking spaces across various areas.

Some benefits of the hubquarters model include:

  • Avoids having a large, empty office with only a few employees occupying the space on any given day
  • Offers employees various places to work in-person with colleagues or independently
  • Hubquarters take up less space and require less energy thereby
  • Reduces the organization’s carbon footprint by reducing commutes
  • Offers increased flexibility for workers

To make hubquarters work, it’s important that leadership frequent each hub.  This will offer all employees the ability to collaborate with various leadership team members no matter which hub they frequent.

Collaboration remains an important issue that cannot be lost through remote or hybrid work of any kind. In fact, a recent survey by WeWork found that nearly 70% of those who describe themselves as satisfied with their job indicate that they collaborate with people outside of their office, such as clients or partners, at least once or twice a week. More than half of all “happy” employees collaborate with five or more people on any given day.

While it may be difficult to change your mindset from a traditional, central office workplace, it is important to keep your mind open and explore new ways to work. As we’ve learned over the past year and a half, flexibility is key to success. Employees are resilient, and leaders must be too.  

SBAM Celebrates New Pro-Small Business Legislation Passed

PPT Exemption Expansion

The commercial personal property tax had an $80,000 exemption that was bumped up to $180,000 through HB 5351. To offset the reductions in revenue to locals, the Legislature allocated $75M through the Local Community Stabilization Authority Reserve Account.

Afflicted Business Support

$409M was allocated for afflicted businesses that were shut down by state government during the COVID-19 pandemic. Businesses eligible for the assistance include restaurants, entertainment venues, casinos, hotels, gyms and fitness centers, recreational facilities, barbershops, and more. Businesses can get a grant to cover a portion of their property taxes or lease costs, unemployment taxes, liquor license or food inspection fees, or other state licensing fees that they had to pay while being shut down. Grants are capped at $5 million per business.

SALT Bill

The Legislature passed a bill allowing for pass-throughs to deduct their state and local taxes. This legislation allows businesses to pay taxes at the entity level and will minimize the impact of the federal state and local tax deduction that is capped at $10,000.

Stay tuned for details!

What's Hot

Get the latest news from MBN right in your inbox

Sign up for our newsletter and never miss a beat.