Survey: More than 1 in 3 small businesses won’t survive past the next three months without additional financial relief
This is the fifth in a series of COVID-19 related surveys Small Business Majority has released of its network. Over time Small Business Majority has tracked the economic conditions facing small businesses, how well federal stimulus programs have served its network, the small business owners' views of proposed stimulus provisions, and other issues of importance.
Small Business Majority released its fourth survey of its national network of 70,000 small business owners conducted during the pandemic to assess the current state of small business and gauge their views on possible relief measures. The survey also revealed the extent to which PPP and EIDL have served small businesses during the crisis. The survey found many small businesses continue to face an uncertain future without additional relief, with 1 in 4 reporting they won't survive past three months and 16% considering bankruptcy.
Small Business Majority Survey: Small business owners at their breaking point, need additional stimulus relief
As Congress continues to debate the next round of stimulus relief, Small Business Majority surveyed its national network of small business owners to gauge their views on key small business proposals currently on the table.
As the Paycheck Protection Program neared its expiration, Small Business Majority surveyed its national network of small business owners to better understand how businesses have benefited from PPP.
Small Business Majority surveyed its national network of small business owners to better understand who has benefited from the Paycheck Protection Program (PPP) created by the CARES Act, and to shed a light on their concerns with the program. The survey reveals a strong majority of small businesses have applied for a PPP loan, but most are worried about having the loan forgiven.
California small business owners report devastating impacts of COVID-19, need immediate cash assistance to survive
It’s no secret that California has been hard hit by the spread of COVID-19, with a vast 2.7 million applying for unemployment in the past four weeks, and the impacts have been particularly severe on small businesses that have seen their revenues take a nosedive overnight. With the economy on pause, Main Street has been left to cope with how to stay afloat during this unprecedented time.
Small business owners report devastating impacts of COVID-19, need immediate cash assistance to survive
It’s no secret that the spread of COVID-19 around the country has already had a devastating impact on small businesses. With the economy on pause and uncertainty gripping communities across the country, Main Street has been left to cope with how to stay afloat during this unprecedented time.
California Governor Newsom and state policymakers are discussing options to further expand California's Paid Family Leave program and ensure more Californians are able to utilize it by increasing wage replacement, extending the amount of leave time available and expanding job protection status for parental leave. As with any discussion of workplace benefits and employment laws, the impact to small business is central to this debate. New scientific opinion polling sheds light on their views on the different proposals and reveals they are in fact supportive of numerous options on the table.
Small business owners say government doesn’t understand their concerns, need help with healthcare costs and other challenges
Policymakers at all levels, from town councils to the halls of Capitol Hill, emphasize the challenges of small businesses as a key talking point during political debates. But new opinion polling in four states—Illinois, Missouri, Virginia and Wisconsin—reveals small businesses feel their government officials don’t actually understand their challenges, and they support a wide array of policies to address their needs, some of which might come as a surprise to their elected officials.
This Chicago-based research explores issues related to small business workforce development, particularly for business owners of color located in low- and moderate-income communities. Small Business Majority interviewed and convened local small business owners and business service organizations for roundtable discussions during a six-month research project to learn about key challenges in hiring and managing employees. Overall, the research indicates that small business owners have limited capacity and resources to improve workforce management.