“As the small business community continues to navigate and fully assess the impacts of the COVID-19 pandemic, we must remember that the ACA is vital for entrepreneurs and their employees because it addresses two important issues: healthcare affordability and access," said John Arensmeyer, Founder & CEO of Small Business Majority. "Indeed, more than 5.7 million small business employees or self-employed workers are enrolled in the ACA marketplaces, and more than half of all ACA marketplace enrollees nationwide are entrepreneurs or small business employees.
Small Business News
Small businesses, especially in underserved communities, are the lifeblood of our economy, says Small Business Majority’s John Arensmeyer. “We need our elected officials to put aside their partisan differences and get to work on their behalf.” First, he says, even before the new administration, Congress must enact a stimulus package with both short and long-term relief for small businesses.
Here is BTW’s annual holiday checklist, modified to help guide independent bookstores through the unique challenges the coronavirus outbreak may pose during the holiday season.
“The pandemic has left too many small businesses in the Inland Empire and across California on the verge of collapse. To prevent a wave of closures, small businesses need access to affordable and responsible capital, but due to large gaps in available capital and a system that favors well-connected businesses, many of the smallest and most diverse businesses in our state are at risk of being left behind,” said Mark Herbert, Vice President, California at Small Business Majority.
Gov. Ralph Northam’s announcement about the expansion of the state’s Rebuild VA program is a huge step in the right direction for small businesses and the economic recovery of Virginia during this difficult time.
Geraldine “Geri” Sanchez Aglipay manages Small Business Majority's outreach, education and policy efforts in the Midwest region and Greater Chicago to enhance financial capacity and health security for small business owners, their employees and their families. She also manages Small Business Majority’s national outreach to women entrepreneurs and women's business organizations.
"A Small Business Majority survey in August indicated that without additional funding, 26 percent of small business owners will not survive past the next three months, and nearly one in five say they won’t make it longer than four to six more months," the statement said.
Sigue la conversación sobre los desafíos y oportunidades de los pequeños negocios en el contexto actual, con Xiomara Peña de @SmallBusinessMajority y Corissa Hernández de @lfcEmpowering.
A July American Booksellers’ Association survey of 400 member stores found that many have seen sharp sales declines over the last year, and results suggest that some 20% of those surveyed may not survive until January 2021. Small Business Majority’s survey results from August found that, without additional funding, 26% of small business owners across the United States may not survive past the next three months, and nearly 44% say they may be unable to survive another six months.
As Congress stalls on a new stimulus package, small-business owners across the country are facing incredibly difficult decisions about keeping our doors open. Time is running out for thousands of small businesses, and if we don't see action on Capitol Hill soon, those decisions will become even more necessary.