Fresno small business owner shares support for SB 1126—CalSavers Eligibility Expansion.
Small Business News
In a new survey released Thursday by the Small Business Majority, a national network of small businesses and community organizations, about one-third of 201 small business owners polled who applied for an EID loan said they never got an answer, or any money, from the SBA.
According to a recent poll from Small Business Majority, most small business owners seek a more equitable playing field with larger competitors, particularly on digital platforms and in the area of contracts and agreements.
But for Black-owned and other minority owned small businesses across the country, there was a steep decline in numbers, almost 41%, due to the pandemic, a Census Population Survey found in 2020. During that same time, nearly 44% of minority-owned small businesses were at risk of shutting down, a Small Business Majority report found.
The Small Business Majority, an advocacy organization, conducted nationwide research in December that showed small businesses are grappling with issues including COVID, health care, inflation, supply chain problems and workforce shortages, Colorado Director Lindsey Vigoda said.
“Truly, every dollar counts,” said Lindsay Vigoda, Colorado director of the organization Small Business Majority. “Our priority is and has been to support small businesses.”
Titone said she received no opposition to the bill during her outreach process. No entity registered in opposition to the bill and several organizations spoke in favor of it, including Colorado Communities for Climate Action, the League of Women Voters of Colorado, Small Business Majority and the Colorado Public Interest Research Group.
“Women have always faced discrimination in securing small business funding,” said Josaline Cuesta, Senior California Program Manager for Small Business Majority. “The pandemic only exacerbated disparities in accessing funding and resources that were already in place. An estimated 90% of women and minority-owned small businesses were shut out of federal emergency funding during the height of the pandemic, despite most women needing access to government aid to continue operating their business.”
Another supporting brief from Good Business Colorado, the Small Business Majority and eight individual business owners argued that the FAMLI Act ...