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 the financial downturn of the last year, which has resulted in significant shifts in where and how people consume goods and services.
The role that small businesses play in our local economies is instrumental and served as the genesis of the Paycheck Protection Program (PPP). Through the pandemic, we saw the tremendous pressures put on small businesses to survive.