Today, Small Business Majority submitted a letter to Senate leadership supporting healthcare provisions in the current iteration of the American Rescue Plan, which has vital measures that will strengthen access to healthcare and lower costs for small businesses and their employees.
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.
With yesterday's committee confirmation of Isabel Guzman, Small Business Majority submitted a letter to leadership urging the Senate to swiftly confirm President Biden's nominee for Administrator of the U.S. Small Business Administration.
Small Business Majority Board Member Jessica Milano testified in front of the U.S. the Senate Committee on Banking, Housing, and Urban Affairs about the impacts the COVID-19 pandemic has had on Main Street. Specifically, she spoke on how many of the communities hardest hit by the pandemic have been communities of color, how despite significant Federal support, minority-owned businesses continue to experience challenges accessing capital, and how Congress should reauthorize the State Small Business Credit Initiative to address these market gaps.
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.
On February 12, Small Business Majority penned a letter to Senate leaders to offer our strong support for key provisions in the stimulus package that are essential to our nation’s small businesses at this critical time.
Small Business Majority submitted a comment today on the State Small Business Credit Initiative (SSBCI) ahead of a House Committee on Financial Services subcommittee hearing about the program. SSBCI was a critical resource to strengthen state programs that support financing for small businesses across the country.
Nearly a year into the COVID-19
On January 21, CEO John Arensmeyer submitted a letter of support for the nomination of Isabel Guzman to head the Small Business Administration (SBA) to leaders of the Senate Committee on Small Business & Entrepreneurship.
Today, Small Business Majority submitted a letter regarding the Consumer Financial Protection Bureau's proposals under consideration for the implementation of Dodd Frank Section 1071. Successful implementation of Section 2071 would ameliorate the systemic barriers that women business owners and entrepreneurs of color face when attempting to access capital to start, grow and sustain their enterprises.
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