Category: Covid-19

The small business boom

One of the most unexpected pandemic winners might just turn out to be new small businesses. Why it matters: The number of entrepreneurs starting a business easily hit a record high in 2020, according to a new analysis by University of Maryland economist John Haltiwanger. That’s a surprising result, given the severity of the crisis. The big picture: It’s

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Pandemic drove small businesses online — and they’re staying

When the pandemic forced cities to shut down, millions of businesses moved their operations online — a shift that is having lasting impacts on hiring, real estate and the way we buy goods and services. Why it matters: Small businesses are the engines of the economy. While many did not survive the last 15 months,

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How to get your PPP loan forgiven

The window to apply for federal Paycheck Protection Program loans, which have provided a lifeline for many small businesses during the COVID-19 pandemic, closed Monday. The next steps for recipients: Spend the money and erase the debt. The loans are designed to be forgiven, but it’s not automatic. Recipients can keep the money if they

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4 tips for small-business owners paying down pandemic debt

After more than a year of navigating lockdowns, mandates and COVID-19 protocols, small-business owners are starting to see a light at the end of the tunnel. But the debt many needed to take on to weather the pandemic still casts an ominous shadow. In 2020, 79% of small employer firms (up to 499 employees) reported

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The New Blueprint Of Small Businesses

Each year, May marks an opportunity to recognize small businesses and the integral role they play in the American economy. In 2021, Small Business Month arrives amid a host of changes for U.S. companies of all sizes – but particularly so for small business owners. Virtually every industry and business model has been affected by

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How Should Retailers Navigate the Post-Covid Landscape?

Now that more than half of US adults have received at least one shot of a Covid vaccine, states are widely loosening social restrictions. This means full capacity at restaurants and retailers and likely more confidence from consumers about making trips to physical stores. While the return of nearly unrestricted in-person shopping heralds brighter days

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