Small Business Majority Founder and CEO John Arensmeyer criticized the defeat of the legislation, though he called it inadequate.
Small Business News
Los datos de la encuesta de Small Business Majority encontraron que hasta el 44 por ciento de las empresas corren el riesgo de cerrar.
The COVID-19 pandemic has presented significant challenges to small businesses, employers and employees. Small Business Majority survey data found that up to 44 percent of businesses are at risk of shutting down, and from February to April 2020, there was a 22 percent drop of active business owners nationwide according to data released through the Census Current Population Survey.
Newsom said a “jaw-dropping” number of small businesses in California — 44%, according to the advocacy group Small Business Majority — are in such bad shape because of the pandemic that their owners say they may have to close.
“For the past month, Congress has abandoned small businesses in turmoil,” said Small Business Majority Founder and CEO, John Arensmeyer, upon Congress’ return to Washington. “While negotiations on Capitol Hill hit a wall, small business owners across the country have been holding on, using every tool at their disposal to stay afloat. Some business owners have depleted their personal and retirement savings, remain closed, are behind on bills and rent, or are operating with a skeleton staff amid down business.
This may explain why the Small Business Majority study into PPP found that while 63% of Black and Latino small business owners applied, less than two-thirds received funding.
The People-Powered Prosperity (PPP) campaign details a vision where all Georgians can prosper—and outlines options to responsibly fund the programs necessary to power economic growth in our state. This campaign proposes commonsense solutions to advance health communities, thriving families, a strong workforce and an educated youth. PPP relaunched in January 2020 with GBPI, 9to5 Georgia, Faith in Public Life and Small Business Majority at the helm.
The pandemic has left 30% to 40% of California's small businesses on the verge of failure, according to Mark Herbert, vice president of California's Small Business Majority.
Small businesses don’t have a contingency plan for a pandemic. Many businesses are working with thin profit margins and even a 25% dip in sales can be devastating.
Four in 10 self-employed workers don’t have a retirement account, according to a survey from Small Business Majority. Opening an Individual 401(k), a Simple IRA or SEP IRA may be viable ways self-employed individuals can save for retirement. Even just stashing some money in your savings account monthly can go a long way. While it might be tempting to splurge now, the payout could be huge in the future.