In a recent PYMNTS study, more than two-thirds of consumers say that saving Main Street is a key priority for the shops themselves, and for the health of their local communities. More Main Street businesses say they are optimistic about their long-term prospects, even though most remain challenged to replace all of the sales lost to the pandemic.
The health of the economy is paramount for every small business owner. This is the first of a two-part series on Jim Blasingame’s 2020 analysis of seven issues that currently find their way to the top of every small business survey.
Some small business owners say that the renewed push by Senate Republicans to add money to a key emergency loan program won’t be enough to help them survive as the coronavirus pandemic drags on.
Crowdfunding has been a bright spot in an otherwise challenging fundraising and small business lending landscape. There are several types of crowdfunding. Regulation Crowdfunding allows eligible companies to offer and sell securities through SEC-registered intermediaries (a broker-dealer or funding portal).
A small-business poll paints a less than favorable outlook for Black-owned companies. The demise of small businesses would devastate Black communities according to Main Street Alliance and Color of Change, the two groups that conducted the poll, released Friday. Recovery would take decades, said Color of Change.
Source: CBS News