A new survey highlights the struggle that small businesses in the United States are facing amid the COVID-19 pandemic. But some entrepreneurs are hopeful that more aid from the federal government will be coming soon. Don Tagala reports
Small Business News
Why are more people taking the plunge and launching ventures during a global pandemic? Experts aren’t sure. “It’s a significant increase,” said Mark Herbert, vice president in California for Small Business Majority, a national organization advocating for small businesses. “It’s something we’ve been tracking and we have more questions than answers at this point.”
We urge you to immediately adjust the criteria for Schedule C filers as outlined above and refrain from denying business owners the relief they need simply because of the tax forms that they file and arbitrary rules favoring one set of microbusinesses over another. We appreciate your immediate attention to this request and thank you for your continued work to mitigate the impact that this public health crisis is having on the backbone of our economy, our American small businesses.
The FAMILY Act has been endorsed by 89 national organizations, including Paid Leave for All, National Partnership for Women and Families, PL+US, NAACP, Black Woman’s Roundtable, AFL, SEIU, CWU, National Woman’s Law Center, National Hispanic Council, Moms Rising, FAMILY Values @ Work, CLASP, HRC, American Sustainable Business Council, Main Street Alliance, Small Business Majority.
Xiomara Pena, Small Business Majority’s VP of Engagement spoke with Jenna Feeney about SBM’s work, mission and priorities.
“Keeping our businesses and workplaces safe and healthy is the best way to avoid the spread of illness, or having to shut down temporarily, and to help our economy recovery,” said Awesta Sarkash of Small Business Majority.
The bill has been endorsed by Bowie State University, the University of Maryland Eastern Shore, Small Business Majority, the Hispanic Association of Colleges and Universities (HACU), U.S. Black Chambers, and the Page 30 Coalition.
The Small Business Majority, an organization that empowers America's entrepreneurs to build a thriving and inclusive economy, has developed a “Roadmap to Recovery” for during and after the coronavirus crisis. One of its recommendations is expanding Medicaid, which is described as “vitally important” for low-income entrepreneurs and small business employees.
A new poll by the advocacy group Small Business Majority show that many business owners of color have “found it hard to stay solvent” during the pandemic, Black Enterprise magazine reported recently. About 32% have cut employee hours and 24% have shut down, the magazine said.
America’s small-business community has been gutted. From shuttered storefronts on Main Streets around the country, countless jobs lost and a steep decline in consumer confidence and demand, the global public health crisis has pushed small businesses to their limit. Around the country, business owners are now carefully watching to see how President Joe Biden will put America’s public health and economy on track to recovery during his first few months in office.