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On October 20, Small Business Majority released the fifth in a series of COVID-19 related survey in time for what is expected to be the final week of stimulus package negotiations before Election Day. The survey finds that without additional funding, more than 1 in 3 (35%) small business owners will not survive past the next three months. The number is even higher for small business owners of color, with 41% of Black and Latino-owned businesses reporting they won’t make it past the next few months without additional financial support. Furthermore, 8 in 10 small business owners report they are struggling to make commercial rent or mortgage payments, which is up 18% since late August.
On November 17 and 18, Small Business Majority hosted virtual roundtable discussions with policy experts, advocates and small business owners about how to advance more equitable access to capital for entrepreneurs through forward-thinking, long-term policy solutions. A report outlining the findings and recommendations from these discussions is forthcoming.
On November 23, Small Business Majority VP, California Mark Herbert testified before the Senate Committee on Governance and Finance & Banking and Financial Institutions regarding the potential benefits of a state public bank to small business and barriers to its successful creation and operation.
On October 21, Small Business Majority released a new report on small business challenges in hiring and training employees in California and their struggles accessing the broader workforce development ecosystem. The report reveals findings from an online survey of small business owners across the state, as well as separate focus group discussions, interviews and other convenings that provide insights into the ways small business owners approach hiring and training. It also provides recommendations for stakeholders to better engage their local small employers.
Read the report »On October 20, CEO John Arensmeyer and Vice President, Entrepreneurship Brian Pifer participated in a breakout session entitled "Innovative Investment Models to Support Small Business Recovery" at the Clinton Foundation’s Small Businesses, Big Opportunities event.
On October 20, CEO John Arensmeyer spoke with Spectrum News about struggling small businesses that desperately need additional assistance, and shared new insights from our network survey, which found an astounding 35% of small business owners may not survive past the next three months without additional financial relief.
Watch the interview »On September 24, Small Business Majority CEO John Arensmeyer joined The Hill Events at their Work Redefined conference to talk about the future of the small business workforce.
Watch now »On September 16, Small Business Majority CEO John Arensmeyer joined the Blue Dog Coalition in a virtual roundtable discussion to talk about policy issues impacting rural small businesses and entrepreneurship, and their unique opportunities and challenges during the COVID-19 pandemic.
Watch now »
On August 8, four Small Business Majority network members, Genevieve Villamora, co-owner of Bad Saint in DC, Mike Brey, owner of Hobby Works in Maryland, Jaja Chen, owner of Waco Cha in Texas, and Kathleen Donahue, owner of Labyrinth Games and Puzzles in DC, spoke with ABC News about the ongoing challenges their businesses are facing and how additional assistance is needed to survive and recover from the pandemic.
Watch their interview »On August 27, Small Business Majority released a survey of its national network of 70,000 small business owners to assess the current state of small business and gauge their views on possible relief measures. The survey also revealed the extent to which PPP and the Economic Injury Disaster Loan (EIDL) programs have served small businesses during the pandemic.
Read the survey »
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