Small Business News

| Connection Newspaper

Your article on Sept. 10 highlighted the ongoing fight for a paid sick day standard for workers in Virginia. As a business owner in Alexandria, I view paid sick days as a necessary benefit for employers to provide to their employees.

| Alexandria Gazette Packet,

Your article on Sept. 10 highlighted the ongoing fight for a paid sick day standard for workers in Virginia. As a business owner in Alexandria, I view paid sick days as a necessary benefit for employers to provide to their employees.

| Bloomberg

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.

| Washington Post

“Congress must move quickly to reinstate PPP and provide additional relief to the small businesses that have long been the backbone of our economy” John Arensmeyer, chief executive of the Small Business Majority advocacy group, said last week.

| The Eastsider

A recent Small Business Majority survey suggests that up to 44 percent of businesses are at risk of shutting down, with minority-owned businesses disproportionately impacted.

| Forbes

And what is the LOB ecosystem? According to today’s press release, NLBD has recruited a diverse group of partners supporting LOBs including city mayors, “local chambers, The Aspen Institute Latinos and Society Program, Small Business Majority, U.S. Hispanic Chamber of Commerce, Amplify Latinx, MXDC, We Are All Human, Momento Latino, Latino Business Action Network, Friends of the American Latino Museum, and others, along with support from partner agencies Captura Group and Team Friday.” Some of these organizations are national in presence. Others are local.

| Latin Times

Due to COVID-19, Latino-owned businesses were hit harder than ever with slower sales, staff cuts, and closures, among other realities. A recent poll from Small Business Majority surveyed 500 small business owners, found that 9 in 10 small businesses were impacted by COVID-19, with 43% indicating a severe negative impact. Additionally, the poll found that 41% of small business owners experienced a revenue decrease of 50% or more, and 33% of small businesses closed up shop.

| Business Wire

“Latino entrepreneurs bolster our economic success by creating new businesses in their communities and employing 1 in 10 U.S. jobs,” said Xiomara Peña, Vice President, Engagement for Small Business Majority. “Despite their strong influence in our small business community, Latino entrepreneurs in particular have been disproportionately impacted by COVID-19 while struggling to access federal relief programs.

| The American Prospect

While some may consider it distasteful to effectively bail out obstinate insurance companies that stiff proprietors with potentially valid claims, a reinsurance scheme could prove more effective than other small-business relief programs at enabling businesses’ survival and maintaining jobs. “These policies could be the lifeline that thousands of small-business owners need,” says John Arensmeyer, founder and CEO of Small Business Majority, an advocacy group based in San Francisco.

| Forbes

“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,” says John Arensmeyer, founder and CEO of Small Business Majority, an advocacy group comprised of 70,000 members. “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.”

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