Geri Aglipay, Midwest senior outreach manager for the group Small Business Majority, says smaller stores want to help their communities see a rebound in economic activity, but it can be harder for them to make decisions about reopening. She says there's concern about enforcing proper guidelines.
Small Business News
Joining the senator in the town hall streamed live across multiple channels will be Dr. Sundari Mase, Sonoma County public health officer; Barbara Nemko, Napa County superintendent of schools; and Mark Herbert, vice president of Small Business Majority. Each will make presentations before answering questions from listeners.
According to a national survey of 50 small businesses on PPP loans conducted by Creative Investment Research, out of the 60% of respondents who applied for the program, 33% got some level of funding. For the EIDL Program, of the 72% of the survey respondents who applied, 28% got some level of funding.
The senators’ proposal has been endorsed by National Urban League, National Action Network (NAN), Main Street Alliance, Small Business Majority, and the Black Economic Alliance.
Those in other industries worry, too. Walter Rowen, who owns the glass decorating company Susquehanna Glass in Columbia, Pennsylvania, says he may not be able to reopen until early June, at which point he'll already be nearing the end of his eight-week period.
"They are giving me money to let me bring employees back on payroll, but limiting the time frame I can do that in. Nobody thought that through," Rowen said.
The SOS Act is endorsed by Professor Darrick Hamilton, Economist and Director of the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University, Maya Wiley, Co-Founder of Flatbush Thrives and Former MWBE Director for the City of New York, Justin Hendrix, Co-Founder of Flatbush Thrives, Main Street Alliance, Small Business Majority, Americans for Financial Reform, The National Urban League, National Action Network (NAN)...”
Geri Aglipay, Midwest senior outreach manager for the advocacy group Small Business Majority, said smaller stores might find it harder to simply open up again, especially if they can't afford protective gear for their staff.
On May 9, Small Business Majority network members Christin Evans, owner of Booksmith and Kepler’s Books in San Francisco, and Walter Rowen, owner of Susquehanna Glass Co. in Pennsylvania, appeared on Fox News to discuss their experiences as small business owners amid the coronavirus crisis on "America’s News HQ." They also discussed the limitations of the Payroll Protection Program and the challenges in reopening their businesses.
The SBA has been especially handicapped under Trump, according to John Arensmeyer, who heads the Small Business Majority, an advocacy group that has a network of more than 58,000 small-business owners, most of whom have fewer than 100 employees.
Earlier this week, a national group called the Small Business Majority released criticism on the equity of the Paycheck Protection Program’s (PPP) response to the coronavirus economic impact.
A recent poll shows that 90 percent of small businesses have been negatively impacted by COVID-19. And more than 50 percent of them say they are about to close or are on the verge of closing. The poll was conducted by a San Francisco-based advocacy group called Small Business Majority, and its CEO John Arensmeyer has been a proponent of community grants that exist outside of the formal banking system that has controlled government aid up to this point.