COVID-19

COVID-19 affected every business, but the effects varied by sector, firm size, and geography. In some sectors, like Leisure and Hospitality, businesses were hit hard and have yet to fully recover. The pandemic also hurt states that…

New research from Advocacy indicates that the COVID-19 pandemic led to greater earnings losses for business owners of color than white business owners. Black business owners suffered the largest losses. Both Latinx and Asian business…

New data from the U.S. Census Bureau indicates that the tightening labor market is disproportionately impacting smaller businesses. 23.4 percent of small businesses cited labor needs in August 2020, which increased to over 40 percent at…

As the COVID-19 pandemic evolves, small businesses are struggling to obtain the goods they need to operate, impacting their recovery. 37.2% of small businesses reported having domestic supplier delays in the second week of June 2021 and…

The Occupational Safety and Health Administration (OSHA) issued two new documents on March 12, 2021 concerning COVID-19 and workplace enforcement. The first is a COVID-19 National Emphasis Program (NEP) focusing OSHA enforcement efforts…

In March 2020, the COVID-19 pandemic hit the United States, causing illness, death, and widespread economic devastation. A new issue brief from the Office of Advocacy, “The Effects of the COVID-19 Pandemic on Small Businesses,”…

The stimulus and omnibus spending for FY 2021, known as the Consolidated Appropriations Act, 2021, had many provisions for small business relief during the COVID-19 pandemic, including a second round of funding through the SBA’s Paycheck…

The Paycheck Protection Program and Economic Injury Disaster Loan program had significant impacts on the small business lending market. The value of outstanding loans of less than $1 million (considered to be small business loans)…

The small businesses were worried, restless in their beds, as nightmares of tax liabilities danced in their heads. Then, in the late-night hours of Monday, December 21, 2020, a little holiday spirit was sprinkled over small businesses when…

The COVID-19 pandemic has disproportionately impacted businesses that typically require more person to person contact.  Recovery rates and changes in the operating capacity of small businesses since the start of the pandemic have also…