Press Releases

Press Release Date:
Wednesday, May 5, 2021

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on what lawmakers should do next to help more small businesses access capital as funding available through the Paycheck Protection Program runs out

“Although Congress intended the Paycheck Protection Program (PPP) to last through May 31, most of the funding has been exhausted except for a small amount allocated as a set aside for community financial institutions. While PPP has been a critical short-term lifeline for many businesses, the program was always fundamentally flawed as it was based on an unequal traditional banking system. At the same time, we know small businesses, particularly those owned by women, entrepreneurs of color and immigrants, are still struggling one year into the pandemic.

Topic(s):
Access to Capital, COVID-19, General Small Business, Government Accountability
Press Release Date:
Wednesday, May 5, 2021

Declaración hecha por Xiomara Peña, Vicepresidenta de Colaboraciones Estratégicas de Small Business Majority, sobre los próximos pasos que deberían tomar los legisladores para ayudar a más pequeñas empresas a acceder capital mientras que la financiación disponible en el Programa de Protección de Sueldos sigue agotándose

“Aunque el Congreso tenía la intención de que el Programa de Protección de Sueldos (PPP por sus siglas en inglés) durara hasta el 31 de mayo, la mayor parte de los fondos se han agotado, excepto por una pequeña cantidad asignada como reserva para instituciones financieras comunitarias. Aunque el PPP ha sido un salvavidas crítico de corto plazo para muchas empresas, el programa siempre fue fundamentalmente defectuoso, ya que se basó en un sistema bancario tradicional disparejo.

Topic(s):
Access to Capital, COVID-19, General Small Business, Government Accountability
Press Release Date:
Wednesday, April 28, 2021

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on the proposals outlined in President Biden’s address to Congress that would support entrepreneurs, small employers and their employees

“President Biden’s address to the joint session of Congress tonight demonstrated his commitment to investing in our nation’s infrastructure and to making essential benefits that small businesses typically struggle to access more readily available.

Topic(s):
Entrepreneurship, Healthcare, Job Creation
Press Release Date:
Monday, April 26, 2021

Nueva encuesta de la red de Small Business Majority revela que las pequeñas empresas propiedad de Afroamericanos tienen más probabilidades de reportar que sus condiciones han empeorado

Una nueva encuesta de la red de Small Business Majority publicada el día de hoy revela que incluso cuando las condiciones económicas están empezando a mejorar para algunas pequeñas empresas, las pequeñas empresas propiedad de minorías se están quedando desproporcionadamente atrás con respecto a las propiedades blancas.

Topic(s):
Access to Capital, COVID-19, Entrepreneurship, Minority entrepreneurship
Press Release Date:
Monday, April 26, 2021

New survey of Small Business Majority’s network reveals that Black-owned small businesses are most likely to report worsening conditions

A new survey of Small Business Majority’s network released today reveals that even as economic conditions are starting to improve for some small businesses, small businesses owned by entrepreneurs of color are disproportionately lagging behind white-owned businesses. 

The poll, which is the seventh in a series of COVID-19 related surveys of Small Business Majority’s network, finds 15% of Latino and 13% of Black entrepreneurs say their business is temporarily closed, compared to 6% of white business owners. Overall, 11% of businesses say they are closed temporarily.

Topic(s):
Access to Capital, COVID-19, Entrepreneurship, Minority entrepreneurship
Press Release Date:
Wednesday, April 21, 2021

Statement from Small Business Majority Founder & CEO John Arensmeyer on the work needed to advance equity for communities of color following the Derek Chauvin trial verdict

Yesterday we saw accountability for the murder of George Floyd, but this one small step forward does not change the fact that there are recurring acts of racial violence and injustices in our country. There is much more work to be done to move towards an equitable society and economy.

Topic(s):
Government Accountability, Minority entrepreneurship
Press Release Date:
Wednesday, April 21, 2021

Declaración por parte de la Vicepresidenta de Colaboraciones Estratégicas de Small Business Majority Xiomara Peña sobre el trabajo necesario para poder avanzar la equidad en las comunidades minoritarias después de el veredicto de juicio de Derek Chauvin

Ayer vimos rendición de cuentas por el asesinato de George Floyd, pero este pequeño paso adelante no cambia el hecho de que hay actos recurrentes de violencia racial e injusticias en nuestro país. Hay mucho más trabajo por hacer para avanzar hacia una sociedad y una economía equitativa.

Topic(s):
General Small Business, Minority entrepreneurship
Press Release Date:
Thursday, April 15, 2021

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on what lawmakers should do next to help more small businesses access capital as funding available through the Paycheck Protection Program runs out

“Although Congress extended the Paycheck Protection Program (PPP) through May 31, it’s clear that funds will not last much longer. While PPP has been a critical short-term lifeline for many businesses, the program was always fundamentally flawed as it was based on an unequal traditional banking system. At the same time, we know small businesses, particularly those owned by women and entrepreneurs of color, are still struggling one year into the pandemic. They desperately need additional relief.

Topic(s):
Access to Capital, COVID-19, Government Accountability
Press Release Date:
Wednesday, March 31, 2021

New Small Business Majority and Families USA survey reveals more than one-third of small businesses are struggling to access health insurance during COVID-19; Nearly 1 in 5 plan to make changes to or reduce health coverage soon

A new scientific opinion poll released today finds that the nation's small businesses are struggling to afford healthcare benefits and want policymakers to focus on long-term solutions that can expand access to coverage and lower healthcare costs for small employers in a way that stop-gap healthcare provisions in the American Rescue Plan do not.

Topic(s):
COVID-19, Entrepreneurship, Healthcare
Press Release Date:
Monday, March 29, 2021

Statement from Awesta Sarkash, Government Affairs Manager for Small Business Majority, on Governor Ralph Northam’s proposed amendment for a retirement saving program run by the Commonwealth

“We're thrilled that Governor Northam amended HB 2174, which would create the Virginia Saves Program (HB 2174), a state-run retirement savings program funded by modest payroll deductions. This is an important step to supporting small business owners and their employees in the Commonwealth who face barriers to accessing traditional retirement benefits. The Governor’s proposed amendment would allow part-time employees to participate in the program, which will help ensure employers don’t have to track their employees’ hours to determine eligibility.

Topic(s):
Entrepreneurship, Retirement

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