Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Georgia. The state’s 1 million small businesses comprise 99.6% of all businesses in the state, and they employ 1.6 million residents—nearly half of all Georgia employees.
Access to capital
Venturize is a free online resource hub for small business owners like you who need help accessing tools and resources to grow their businesses. Managed by Small Business Majority, Venturize offers unbiased education and resources about small business loans, retirement and healthcare to empower entrepreneurs to make the best financial decisions for their business. We also help small businesses get connected to trusted local providers that can help their enterprises grow.
Today, CEO John Arensmeyer submitted a letter of support for the nomination of Dilawar Syed as Deputy Administrator to the Small Business Administration (SBA) to the leaders of the Senate Committee on Small Business & Entrepreneurship.
Small Business Majority wrote to the California Assembly Appropriations Committee today in support of AB 3205 (Salas), which creates the Regions Rise Grant Program in the Governor’s Office of Business and Economic Development (GO-Biz), a significant tool to promote sustainable and equitable economic rebuilding of regional economies, and with it, our small businesses.
Most first-time business owners struggle to be profitable during the early stages of their business venture. But when you add a global pandemic into the mix, the chances of being profitable essentially go out of the window. This was the case for Nichole Jackson, a former educator who decided to pursue her entrepreneurial dreams and become a restaurant business owner in 2019.
As we approached the one-year mark of the initial public health shutdowns in the U.S. that sent shockwaves through our economy, Small Business Majority reviewed a year’s worth of surveys conducted of our network of 85,000 small businesses, as well as other national polling we commissioned and additional research and qualitative feedback from our network, in order to better understand the state of small businesses.
Today, 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.
As Congress advances the American Rescue Plan, a $1.9 trillion stimulus relief package intended to combat the ongoing COVID-19 public health and economic crisis, Small Business Majority’s new survey reveals the current state of small business and how they’ve been served by previous stimulus programs. Importantly, the survey finds that without additional funding, 3 in 10 small businesses will not survive past the next three months.
Small Business Majority Board Member Jessica Milano testified in front of the U.S. the Senate Committee on Banking, Housing, and Urban Affairs about the impacts the COVID-19 pandemic has had on Main Street. Specifically, she spoke on how many of the communities hardest hit by the pandemic have been communities of color, how despite significant Federal support, minority-owned businesses continue to experience challenges accessing capital, and how Congress should reauthorize the State Small Business Credit Initiative to address these market gaps.
The COVID-19 pandemic has strained Georgia’s economy and public health system, while small businesses across the state continue to face significant financial setbacks that are hampering their recovery. A new survey sheds light on the state of small business in Georgia, as well as their views on policy solutions that can boost their businesses and provide important support to their employees.