In addition to tax reductions, the city has also offered a basket of support measures including rent reductions, free COVID testing for people in some industries such as logistics, and financial subsidies for social workers on duty during the pandemic. Wang Huayu, deputy di...
Small Business Lending during COVID-19Remy BeauregardJose A. LopezMark M. SpiegelFederal Reserve Bank of San Francisco
Among them, stores that allow customers to use Alipay shopping vouchers reported robust performance, with business turnover surging 73.4 percent compared with the week before the vouchers were issued. The report said, among the country's major cities, Guangzhou, Shanghai, Hangzhou, Chengdu and Sh...
The most vulnerable small businesses face both financial and COVID-related challenges (Exhibit 1). 1 Before the crisis, small businesses accounted for nearly half of all private-sector jobs. Widespread business exits wreak longer-lasting unemployment and economic damage than temporary shutdo...
During the ongoing pandemic, keeping a small business afloat can be difficult. Here are small business owner tips to keep your business going during COVID-19.
The Oakland Chamber of Commerce’s own Ashleigh Smallwood, Small Business and Workforce Manager, explains the Chamber’s approach to helping these businesses survive and thrive. As the COVID-19 pandemic continues, the Oakland Metropolitan Chamber of Commerce is offering additional resources, guidance,...
According to the Small Business Administration (SBA), the US has over 30 million small businesses, that account for 58.9 million jobs. These companies are a driving force in the overall economy, contributing almost all of the net new job growth. These small businesses contribute in numerous ...
Many small businesses have closed as a result of the COVID-19 crisis. In this McKinsey Live webinar, partner Deepa Mahajan discusses innovations and support mechanisms that could help keep more small companies in business.
"For restaurants, live event venues, travel companies, gyms, and other small businesses centered on in-person gatherings, the massive increase in Covid-19 cases over the past two months has led to a large decline in consumer demand," the letter stated. ...
2023 Small Business Profile. Accessed Feb 7, 2024. View all sources. 16 million new business applications since 2021 The years since the COVID-19 pandemic began have seen a significant and unprecedented increase in new business applications — 16 million since 2021 — leading to 2.8 million ...