As Congress Returns to Washington, Small Business Majority Pushes for Additional Relief for Small Businesses
Washington, DC — Today, Small Business Majority Founder and CEO, John Arensmeyer, issued the following statement upon Congress’ return to Washington.
“For the past month, Congress has abandoned small businesses in turmoil. While negotiations on Capitol Hill hit a wall, small business owners across the country have been holding on, using every tool at their disposal to stay afloat. Some business owners have depleted their personal and retirement savings, remain closed, are behind on bills and rent, or are operating with a skeleton staff amid down business. However, for others, the month’s long gap in federal relief was the final nail in the coffin for their business and many entrepreneurs have been forced to close their doors for good.
Since February, over a million small businesses have permanently closed, and more are on the horizon. One in four businesses in our network believe they will not survive past the next three months without additional relief, and a number of others are considering bankruptcy. Each day that Congress fails to come to a bipartisan solution is another day closer to some businesses breaking point. The time for action is now. Congress must move quickly to reinstate PPP and provide additional relief to the small businesses that have long been the backbone of our economy,” said Arensmeyer.
About Small Business Majority
Small Business Majority is a national small business organization that empowers America's diverse entrepreneurs to build a thriving and inclusive economy. We engage our network of more than 70,000 small businesses and 1,000 business and community organizations to advocate for public policy solutions and deliver resources to entrepreneurs that promote equitable small business growth. Our deep connections with the small business community along with our scientific research enable us to educate the public about key issues impacting America’s entrepreneurs, with a special focus on advancing the smallest businesses and those facing systemic inequalities. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.