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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.
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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 »On Feb. 23, Small Business Majority released a new opinion poll of California small businesses that reveals their struggles to access capital are holding back their financial recovery from the pandemic. The poll also finds that entrepreneurs of color were more likely to face systemic challenges to access financing and business banking pre-pandemic, harming their ability to access federal relief programs.
Read the report »On February 17, Small Business Majority released a new opinion poll that reveals small business owners continue to experience significant financial setbacks from the COVID-19 pandemic, and these challenges are being exacerbated by barriers to accessing capital. Additionally, the report sheds a light on their views on policy solutions that could help small businesses survive and grow post-pandemic.
Read the report »On January 28, network member Shayai Lucero, owner of Earth and Sky Floral Designs and Gallery in Old Lugana, N.M., joined Secretary of the Treasury Janet Yellen and other business owners for a virtual roundtable about the challenges small businesses have faced during the COVID-19 pandemic. Shayai and participants shared their personal stories and discussed what small businesses need to survive the ongoing crisis. Shayai also shared her experiences with operating a business on tribal land.
Learn more »On January 27, Small Business Majority released the results of a national survey of small businesses, with oversamples of Black, Latino and AAPI entrepreneurs, that sheds a light on the uphill challenges small businesses continue to face nearly a year into the pandemic. The survey also reveals that entrepreneurs of color continue to experience disproportionate impacts from the pandemic, with nearly 1 in 5 Black and Latino small business owners reporting they may face permanent closure in the next few months.
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On January 15, Small Business Majority network members Jessica and Curtis Nappier, owners of Bselite Custom Print and Scrubs in Lansing, Mich., spoke with CNBC about the needed funding to help small business owners stay above water, and how a new round of lending through the Paycheck Protection Program can make a difference for Main Street.
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On January 4, Small Business Majority’s Vice President Mark Herbert and network member Tracey Sylvester, owner of EHS Pilates in San Francisco, Calf., spoke with ABC 7 News about the effects of the pandemic on small businesses and how state-funded loan and grant programs have helped struggling entrepreneurs to weather the pandemic.
Watch the interview »On December 16, Small Business Majority released results from a survey of 418 California small business owners about the impacts the COVID-19 pandemic has had on their small businesses. The poll found that small business revenues are still significantly down and the economic effects of the pandemic have disproportionately impacted small businesses owned by entrepreneurs of color.
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On December 5, Small Business Majority network member Mike Roach, co-owner of Paloma Clothing in Portland, Ore., appeared on Fox News to discuss how small retailers are fighting for survival during the coronavirus pandemic and how the nearby wildfires have affected local small businesses.
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