This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using nationally representative data from the April 2020 Current Population Survey—the first month fully capturing early effects. The number of active business owners in ...
Small businesses play many roles in the US economy: employers, sources of innovation, economic multipliers, community hubs. They constitute more than 99 percent of US businesses and employ 60 million people. Small businesses are also uniquely vulnerable to the economic ...
The public and private sectors have taken significant steps to support small businesses and their employees. They have made some resources available to help small business weather the immediate crisis. There is still a long journey ahead. More should be done to understand the underlying ...
small businessTo explore the impact of COVID on small businesses, we conducted a survey of more than 5,800 small businesses between March 28 and April 4, 2020. Several themesdoi:10.2139/ssrn.3570896Bartik, AlexanderBertrand, MarianneCullen, Zoe...
The impact of COVID-19 on small businesses is felt far and wide. In response, Qualcomm established the Small Business Accelerator Program. Designed to help small businesses transition to a mobile-first remote work environment, this program provides collaboration tools that enable remote teamwork and...
2020b. “The Impact of Covid-19 on Small Business Owners: The First Three Months after Social-Distancing Restrictions.” National Bureau of Economic Research Working Paper 27462. Farrell, Diana, and Christopher Wheat. 2018. “Bend Don’t Break: Small Business Financial Resili...
Federal Reserve Bank of Atlanta’s Business Inflation Expectations Survey; January to August 2020. 4. COVID-19’s impact on inflation expectations Alongside the freefall in demand, COVID-19 has also had a significant impact on inflation expectations. Specifically, the pandemic has lowered businesses...
Few researchers have had the opportunity to study small business adjustment strategies and their impact on small business outcomes during nonnormative disruptions such as a pandemic. Our study contributes to this stream of literature by revealing the impact of not only business owner adjustment ...
The purpose of the SBRA is to reduce the high costs of reorganization proceedings for small business debtors, improve the prospects of success for these businesses and simplify the process. The SBRA was not enacted in response to the anticipated severe economic impact from the Virus, but its ...
The report adds that the reduction in cash flow has had a large impact on the sales of firms in manufacturing. “Lower demand is more severely affecting sales of businesses in retail,” it adds. Women were disproportionately affected by the disruption, according to the report. ...