Press Releases

Press Release Date:
Friday, February 26, 2021

New survey reveals 3 in 10 small businesses, 36% of Black and Latino-owned businesses face closure in the next few months without additional stimulus funding

(Washington, DC) — As the U.S. House of Representatives prepares to vote on the American Rescue Plan today, Small Business Majority released a new network survey that reveals the challenges small businesses continue to face a year into this crisis, and called on Congress to quickly pass a robust stimulus package that includes grants for small businesses. 

Topic(s):
COVID-19, Entrepreneurship, General Small Business
Press Release Date:
Wednesday, February 24, 2021

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, as the U.S. Senate moves forward with Isabel Guzman’s confirmation to become the new Administrator of the U.S. Small Business Administration

“We are pleased by today’s vote in the Senate Committee on Small Business and Entrepreneurship to advance the nomination of Isabel Guzman as the new Administrator of the U.S. Small Business Administration (SBA). With her previous experience at the SBA and at California’s Office of the Small Business Advocate, Ms. Guzman has a proven track record as a champion for small businesses.

Topic(s):
General Small Business
Press Release Date:
Wednesday, February 24, 2021

Declaración de Xiomara Peña, Vicepresidente de Colaboraciones Estratégicas de Small Business Majority, a medida que el Senado de los Estados Unidos avanza la confirmación de Isabel Guzman para convertirse en la nueva administradora de la Administración Federal de Las Pequeñas Empresas de Estados Unidos

“Nos complace la votación de hoy en el Comité Senatorial de Pequeñas Empresas y de Emprendimiento para avanzar la nominación de Isabel Guzman como la nueva administradora de la Administración Federal de Las Pequeñas Empresas de Estados Unidos (SBA). Con su experiencia previa en la SBA y en la Oficina de Abogacía de las Pequeñas Empresas de California, la Sra. Guzman tiene un historial comprobado como defensora de las pequeñas empresas.

Topic(s):
General Small Business
Press Release Date:
Tuesday, February 23, 2021

Latest survey by Small Business Majority highlights setbacks business owners of color have encountered in accessing capital, impeding their financial recovery

(Sausalito, CA) — As the California legislature makes additional investments in state-backed small business relief, a new survey of California small businesses released today by Small Business Majority reveals that their struggles during the pandemic are being exacerbated by challenges in accessing capital. The poll also sheds new light on the systemic barriers entrepreneurs of color face when seeking financing pre-pandemic and how that has impacted their businesses throughout the crisis. 

Topic(s):
Access to Capital, COVID-19
Press Release Date:
Tuesday, February 23, 2021

La última encuesta hecha por Small Business Majority destaca los contratiempos que los empresarios de color han enfrentado al acceder capital, impidiendo su recuperación

(Sausalito, CA) — A medida que la legislatura de California hace inversiones adicionales para las pequeñas empresas en alivio respaldado por el estado, una nueva encuesta de pequeñas empresas de California publicada hoy por Small Business Majority revela que sus luchas durante la pandemia han sido exacerbadas por los desafíos para acceder capital. La encuesta también saca a relucir las barreras sistémicas que los empresarios de color enfrentaban al buscar financiamiento previo a la pandemia y cómo estas barreras han impactado sus empresas durante la crisis.

Topic(s):
Access to Capital, COVID-19
Press Release Date:
Monday, February 22, 2021

(Washington, D.C.) – Today, Small Business Majority Founder and CEO John Arensmeyer commented on the White House’s announcement that the administration is making several changes to the Paycheck Protection Program (PPP) to better serve the smallest businesses and those owned by people of color. 

Topic(s):
Access to Capital, COVID-19, General Small Business
Press Release Date:
Thursday, February 18, 2021

Statement from Awesta Sarkash, Government Affairs Manager for Small Business Majority, on the Virginia Senate Commerce and Labor Committee’s vote to halt the advancement of SB 1341

“We applaud today’s move by the Virginia Senate Commerce and Labor Committee to table SB 1341, which would have expanded access to association health plans and destabilized the marketplace. Had the committee advanced the bill, it would have cleared the path for a less protected insurance market in Virginia, driving up premiums for small businesses that already struggle with their healthcare costs. 

Topic(s):
General Small Business, Healthcare
Press Release Date:
Wednesday, February 17, 2021

Latest national survey by Small Business Majority highlights setbacks business owners of color have encountered in accessing capital, hampering their financial recovery

(Washington, DC) -  As Congress advances a $1.9 trillion stimulus package to counteract the ongoing COVID-19 crisis, Small Business Majority released results from a new poll today that underscore the ongoing need to deliver comprehensive, long-term relief to struggling small businesses. More importantly, the survey provides further insight into the disproportionate impact of the economic downturn on entrepreneurs of color, who faced systemic barriers to accessing financing and business resources pre-pandemic. 

Topic(s):
Access to Capital, COVID-19, General Small Business
Press Release Date:
Wednesday, February 17, 2021

Statement by Mark Herbert, Vice President of California for Small Business Majority, on Governor Gavin Newsom’s announcement today that the state will make additional investments in the state’s grant program for pandemic-impacted small businesses

(Sacramento, CA)  —  “We’re thrilled that Governor Newsom and state legislators have struck a deal that will quadruple the funds available for the California Small Business COVID-19 Grant Relief Program to $2 billion. Small Business Majority has been working tirelessly to educate small businesses about this program, and we know it has the potential to reach many more vulnerable small businesses across the state that desperately need grant assistance to keep their doors open. 

Topic(s):
COVID-19, Entrepreneurship
Press Release Date:
Friday, February 5, 2021

Statement from Awesta Sarkash, Government Affairs Manager for Small Business Majority, on the passage of HB 2332 in the Virginia House of Delegates today; calls on immediate Senate approval 

“We are pleased by today’s passage of HB 2332 in the Virginia House of Delegates to establish a state reinsurance program, which will help stabilize premiums in the individual marketplace. This legislation would greatly benefit small businesses in the Commonwealth that are struggling with their healthcare costs, especially at a time when many are facing challenges to stay afloat during the ongoing public health crisis. 

Topic(s):
COVID-19, Healthcare

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