Data from the National Science Foundation show that small businesses that engage in R&D generate more patents per employee than larger businesses that engage in R&D. SBA Office of Advocacy
– Small Businesses are struggling to obtain key goods to operate, further financially impacting them as they recover from the pandemic
– Domestic supply delays are coinciding with higher commodity prices for small businesses
There were roughly 12 million women-owned businesses in 2017.* According to the 2019 Annual Business Survey, women employer businesses numbered 1.1 million, employed 10.1 million workers, and accumulated $1.8 trillion in receipts. Women-owned firms make up 20% of all employer firms. Women remain underrepresented in every demographic group. Most women-owned firms are small. 90% of all women-owned businesses have no employees.* Over half of women employers have 1-4 employees.
The KFF COVID-19 Vaccine Monitor is an ongoing research project tracking the public’s attitudes and experiences with COVID-19 vaccinations. The most recent update, published June 30, 2021, contains important insights for business leaders that can inform workplace approaches to help end the pandemic.
Reimagine Main Street and its partners fielded a national survey of small business owners from April 28-May 12, 2021 to provide insights into how small businesses are faring and to understand what they expect the near future to bring.
The COVID-19 pandemic was an economic shock to small firms and the effects were not easily predictable. An unprecedented number of establishments closed at least temporarily, jobs are rebounding but have not yet reached pre-pandemic levels, proprietor’s income rebounded quicky, and business bankruptcies seem unaffected so far. Financial conditions have improved and remain accommodative to economic growth. Meanwhile, financing remains reasonably tight for small businesses with subpar credit scores.
Small Business for America’s Future released a national survey of small business owners about their feelings toward the American Jobs Plan and the tax code.
An analysis of Paycheck Protection Program lending reveals stark disparities across the country. In the LA area, businesses in White neighborhoods received loans at a far higher rate than in Latinx, Black and Asian ones.
More than a year has passed since the Coronavirus Disease 2019 (COVID-19) pandemic sparked a nationwide economic crisis. Since March 2020, our focus has been on providing oversight of SBA’s pandemic response efforts to combat program fraud, ensuring these programs are being efficiently and effectively managed.
The COVID-19 pandemic has deeply impacted communities of color and small busi- nesses of color, in many cases to a greater extent than their white counterparts. Prior to the pandemic, small businesses owned by people of color, in aggregate, faced greater challenges than white-owned firms The 2020 Small Business Credit Survey (SBCS) provides evidence that the pandemic exacerbated those challenges, an important finding as those businesses continue to weather the impact of the COVID-19 pandemic.