"These are groups of people who have been disadvantaged with either not being allowed to access the program or going to the back of the line in the program,” said John Arensmeyer, the founder and CEO of Small Business Majority.
Small Business News
“This is one of our country’s main economic drivers,” said Awesta Sarkash, government affairs manager at Small Business Majority, a small business advocacy organization. “Our main employers are hurting, and so you see a ripple effect.”
The Small Business Majority, an advocacy organization representing small businesses, praised the decision and noted that the changes would ensure some of the most vulnerable small businesses are eligible for the program.
“While small businesses will need much more than PPP to ensure their long-term recovery, including direct grant assistance, we’re glad the administration is taking this important step to make the program more equitable,” said the organization’s CEO John Arensmeyer.
“This will assist qualified small businesses who have been devastated economically by the COVID pandemic,” said state Sen. Anna Caballero (D-Salinas), who authored the grant bill. “As we know, small businesses throughout the state have continued to struggle to survive during the stay-at-home orders.”
She cited a recent survey by the advocacy group Small Business Majority that found 35% of small businesses were three months from closing if they do not get additional financial help.
Join experts from the U.S. Senate Committee on Small Business & Entrepreneurship, Therese Meers and Jacob Press, and Small Business Majority for a free webinar outlining the small business provisions in the current iteration of the stimulus relief package. With key programs expiring at the end of March, Congress is moving quickly to allocate more funding to support the smallest of businesses, including launching new programs and grants. Don't miss your chance to learn more about these programs and participate in a Q&A session with Therese and Jacob.
Over the past 11 months, the COVID-19 pandemic has opened many Georgians’ eyes to health disparities affecting people across a wide spectrum. But the health disparities affecting Black Americans in particular are far from new — and in several categories, Georgia’s have for years been among the worst in the nation.
Central Ohio’s minority-owned businesses have experienced challenges in applying for and receiving federal Paycheck Protection Program dollars, three local business groups said this week. “I’m constantly on the phone educating people through the process and how to apply.”
This virtual event, hosted by the SBPC and Small Business Majority explores how student debt is affecting small business owners and entrepreneurs, and what actions can be taken to deliver relief and support to this vital sector of our economy.
We are appreciative of the direction the Fed has embarked on its ANPR, but caution that the Fed must not end up with a set of proposals that replicate existing CRA ratings inflation as this will not help our communities devastated by COVID-19. We believe that this proposal serves as an important starting point for an interagency rulemaking that will strengthen CRA and take a critical step towards more financially resilient communities and an equitable recovery.
New data from Small Business Majority shows nearly half (47%) of small businesses are struggling to establish or grow their business online. For more than 25 years, eBay has helped launch and grow hundreds of thousands of small businesses. eBay reports it has seen a 54% increase in new business user registrations in the U.S. in 2020.