“I’m terrified,” says Hernandez. “As it is, in the six months that we’ve all been experiencing a pandemic, the statistics are showing we’ve already lost 40 percent of black owned small businesses and 32 percent of Latino small businesses. We don’t have the luxury of time on our side. We need relief and we need it now.”
Small Business News
In friend-of-the-court briefs, business groups warned of the risks of repealing the law: America’s Health Insurance Plans said there would be “seismic consequences” for its members; the Small Business Majority Foundation said it would “do great harm” to entrepreneurs; and HCA Healthcare, the largest nongovernmental insurer in the U.S., said the law is “more important than ever” as the pandemic pushes up unemployment.
John Arensmeyer, Founder and CEO, Small Business Majority; Rafael Espinal, Executive Director, Freelancers Union; and Liz Shuler, Secretary-Treasurer, AFL-CIO; in conversation with The Hill's Editor-at-Large Steve Clemons.
The legislation has been endorsed by BPC (Bipartisan Policy Center) Action, the American Health Care Association, New Jersey Hospital Association, The Project on Government Oversight, The Arc of the United States, Small Business Majority, Alliance for Aging Research, Alzheimer's Association, Leading Age, and National Low Income Housing Coalition.
Los pequeños negocios tienen desafíos muy especiales. Sigue la charla sobre cómo enfrentarlos con Latavia Pineda de Small Business Majority y @miriam.c.arias.1 de Noticias Telemundo. Hoy a las 7pm ET / 6 pm C / 4 pm PT. #NuestrosNegociosElPoderEnTi #ApoyandoANuestraComunidad #NuestraComunidad #JuntosImparables Telemundo
“Over the past month of congressional inaction, small business owners are using every tool at their disposal to stay afloat with the hopes that additional relief might arrive soon,” said Small Business Majority CEO John Arensmeyer in a recent Forbes article. “Some business owners have depleted their personal and retirement savings, are behind on bills and rent, or are operating with a skeleton staff. Worse, for other business owners, the lack of additional relief was the final nail in the coffin.”
When the Triptych Strength Training gym opened in San Francisco, it was a chance for Tarquin Thornton-Close to finally build the kind of workout space he had long envisioned — lots of room, limited numbers of people at a time, and plenty of strength-training gear.
This year National Small Business Week is more important than ever. Small businesses are the drivers of our economy and it's critical that they receive additional federal relief in the wake of the COVID-19 pandemic. Join Ranking Member of the U.S. Senate Committee on Small Business & Entrepreneurship, Senator Ben Cardin (MD) and Small Business Majority for a free webinar to learn about small business policy updates from Capitol Hill and efforts to revive the Paycheck Protection Program (PPP).
A survey released in August by advocacy group Small Business Majority of more than 900 businesses in its network indicated 62% are struggling to make commercial rent or mortgage payments—up 6% from a previous poll released earlier in the month. The group warned a wave of commercial evictions and foreclosures could be on the horizon.
Other members of the coalition include the U.S. Chamber of Commerce, American Bankers Association, National Retail Federation, the National Federation for Independent Business, Small Business Majority, the National Restaurant Association and the Decorative Hardwoods Association.