One year into the pandemic: How small businesses have weathered the storm and where their businesses stand today
As we approached the one-year mark of the initial public health shutdowns in the U.S. that sent shockwaves through our economy, Small Business Majority reviewed a year’s worth of surveys conducted of our network of 85,000 small businesses, as well as other national polling we commissioned and additional research and qualitative feedback from our network, in order to better understand the state of small businesses.
Historically, small businesses have struggled to access health coverage due to the cost, representing a disproportionate number of the working uninsured prior to the implementation of the Affordable Care Act (ACA). And when they have been able to afford it, small businesses often paid more than their larger counterparts. These barriers are now being exacerbated by the COVID-19 pandemic, as small businesses are forced to lay off or furlough employees and make cuts to benefits in order to survive the ongoing economic crisis. A recent national survey of small business owners sheds light on these ongoing issues facing small businesses, as well as their views on policy solutions that could help them access and afford coverage into the future.
During a series of three focus groups across the state of Colorado, Small Business Majority facilitated discussions with a variety of small business owners and self-employed workers to better understand their personal experiences that could inform policy conversations regarding Medicaid expansion, healthcare costs and coverage. These roundtable discussions occurred while COVID-19 dramatically impacted business and local economies. While the pandemic’s effect was often brought up by participants, this issue brief focuses on the broader impact of Medicaid expansion and of small business owners’ experiences and observations about Medicaid expansion and health insurance.
Georgia small business owners continue to face setbacks from the pandemic, identify policy solutions to support their businesses
The COVID-19 pandemic has strained Georgia’s economy and public health system, while small businesses across the state continue to face significant financial setbacks that are hampering their recovery. A new survey sheds light on the state of small business in Georgia, as well as their views on policy solutions that can boost their businesses and provide important support to their employees.
Survey: 3 in 10 small businesses won’t survive past the next three months, need immediate grant assistance
As Congress advances the American Rescue Plan, a $1.9 trillion stimulus relief package intended to combat the ongoing COVID-19 public health and economic crisis, Small Business Majority’s new survey reveals the current state of small business and how they’ve been served by previous stimulus programs. Importantly, the survey finds that without additional funding, 3 in 10 small businesses will not survive past the next three months.
California small businesses struggling to access capital, need more help to ensure financial recovery
Nearly a year into the COVID-19 pandemic that has strained California’s economy and public health system, small businesses across the state continue to experience significant financial setbacks.
Small business owners continue to experience significant financial setbacks from the COVID-19 pandemic that are being exacerbated by challenges accessing the capital they need to sustain their businesses. A new national survey of small business owners sheds light on their struggles to secure financing and their views on policy solutions that could help small businesses survive and grow post-pandemic.
Nearly a year into the COVID-19
As the COVID-19 pandemic has raged across the country and resurges in California, small business owners continue grappling with the effects of state and local public health orders and a loss in consumer demand. Nine months into this crisis, California’s small business owners say their businesses have been diminished, leaving them with reduced revenue and operating capacity.
On October 21, Small Business Majority released a new report on small business challenges in hiring and training employees in California and their struggles accessing the broader workforce development ecosystem. The report reveals findings from an online survey of small business owners across the state, as well as separate focus group discussions, interviews and other convenings that provide insights into the ways small business owners approach hiring and training. It also provides recommendations for stakeholders to better engage their local small employers.