Three months after the viral outbreak shut down businesses across the country, U.S. employers are still shedding jobs at a heavy rate, a trend that points to a slow and prolonged recovery from the recession.
By Associated Press
The House Small Business Committee will hold a forum May 28 to hear about how small businesses have adjusted their models in response to the economic downturn spurred by the COVID-19 crisis.
By Associated Press
U.S. cities and states are trying to balance economic activity and public health. The consequences of those decisions fall squarely on small businesses, with almost half of their owners saying the pandemic is having a large negative impact on business.
With the U.S. economy sinking into a severe recession, the Federal Reserve is set to launch a high-risk program through which it will lend money to small and medium-sized companies outside the banking industry for the first time since the…
By Christopher Rugaber, Associated Press
Demand remains high for relief the federal Paycheck Protection Program is making available for smaller businesses. But the distribution of that money continues to be a source of controversy, and the program has been mired with technical problems. Lisa Desjardins…
By Kate Brumback, Russ Bynum, Associated Press
Some of the nation's restaurants reopened for dine-in service, but it was a different experience than before the coronavirus.
After federal aid for small businesses, called the Paycheck Protection Program, ran out of its allotted $350 billion, there were questions about if and when lawmakers could land on a deal to provide additional funding. As of late Friday, Republicans…
By Andrew Taylor, Associated Press
A key coronavirus rescue fund nearly exhausted, negotiations are accelerating in Washington over President Donald Trump’s $250 billion emergency request to help smaller employers across the country keep workers on their payroll.
The economic emergency driven by the coronavirus pandemic is especially brutal for small businesses, many of which experienced an abrupt and complete loss of income. Although federal aid has been allocated to assist them, logistical obstacles to getting the funds…
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