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On March 23, U.S. Senator Cory Booker (D-NJ) joined Small Business Majority for a webinar to discuss what's in the American Rescue Plan for small business and to answer questions from small businesses about the new relief package.
Watch the recorded event »
On April 8, Small Business Majority was joined by Congressman Hakeem Jeffries (NY-8), Atlanta small business owner Renard Beaty, Los Angeles-based entrepreneur Corissa Hernadez, and small business experts from the U.S. Small Business Administration, the U.S. Senate Committee on Small Business and Entrepreneurship, the JPMorgan Chase Institute, ICIC and Start Small Think Big for a virtual event to present key research and discuss policy solutions to support small business owners through the ongoing public health and economic crisis.
Read the report »On March 31, Small Business Majority, in collaboration with Families USA, released a new opinion poll on the compounded challenges and barriers small businesses continue to face while trying to access healthcare. The poll also found that 16% of small business owners plan to make changes or reduce healthcare coverage in the next few months in order to keep their businesses open.
Read the report »
On March 12, CEO John Arensmeyer joined the American Economic Liberties Project's virtual event, "Ensuring Fairer Access to Markets for Entrepreneurs and Independent Businesses," where he shared the small business perspective on monopolies during a panel discussion with other small business experts.
Watch the recorded event »On March 12, Small Business Majority submitted a letter to the U.S. House Committee on Small Business urging for members to immediately pass the PPP Extension Act of 2021, which would extend the Paycheck Protection Program (PPP) application period to May 31, 2021 and allow the U.S. Small Business Administration to process loans until June 30, 2021. Congress must pass the PPP Extension Act of 2021 immediately so that small businesses can acquire adequate funding to keep their doors open during and after the COVID-19 pandemic.
Read the letterOn March 4, Small Business Majority submitted a letter to the SBA calling on the agency to reopen the Paycheck Protection Program for all self-employed individuals and sole proprietors who previously received PPP loan funds based on their net profits. PPP loans were originally calculated using net profits, which resulted in very low amounts after accounting for business deductions. While the Administration’s changes to the loan calculation based on gross income is a critical step forward, it does not benefit the businesses who already took out PPP loans under the previous rules.
Read the letter »On March 2, Small Business Majority CEO John Arensmeyer joined U.S. Senate Committee on Small Business & Entrepreneurship Chairman Ben Cardin (D-Md.) and U.S. Senator Jack Reed (D-R.I.) for a discussion about the American Rescue Plan, and the urgent need for targeted COVID-19 relief for small businesses and states.
Read more »On March 2, Small Business Majority released a new poll of Georgia small business owners that reveals how they’re navigating the economic downturn caused by the pandemic, as as well as their views on a number of state policy solutions.
On February 26, Small Business Majority released a new survey of its network that reveals the challenges small business owners continue to experience nearly a year into the COVID-19 pandemic. The survey, sixth in a series of COVID-19 related surveys, found that 3 in 10 small businesses won’t survive past the next three months without additional assistance. A whopping 91% of surveyed members say Congress should pass legislation to provide direct grant assistance to small businesses.
Read the report »
On February 25, Small Business Majority Board Member Jessica Milano testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs about the impacts the COVID-19 pandemic has had on Main Street. Specifically, she spoke about how despite significant federal support, minority-owned businesses continue to experience challenges accessing capital, and why Congress should reauthorize the State Small Business Credit Initiative to address these market gaps.
Read her testimony »
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