The official unemployment rate is 14.7%, and the real unemployment rate is at least three percentage points higher. Despite this, the stock market performed as if it were on another planet over the last several weeks – that is, until now.
SBA must gather and report detailed PPP data. Congress needs it to exercise appropriate oversight and the public needs it to know where its tax dollars are going.
Small-business pessimism is consistent with the declining number of new jobs created in March. Although the unemployment rate fell in March from 7.7% to 7.6%, the decline was caused largely by almost one-half million fewer workers participating in the labor market.
Minority businesses and small businesses can now use the JOBS Act to undertake IPOs. We investigate the lessors learned from the Penny stock IPO, since both are more likely to be issued by small firms.
Presidential campaign messages should be tailored to specific small business demographic group and employment sizes. Capital is important, but it not a cure all.
Scaling has become the new mandate for minority-owned businesses. While minority companies have grown significantly in number, too few have the scale and capacity needed in today’s global economy.
Governments across the country are debating modifications to their small business program criteria. The likely impact of the Georgia’s proposed changes on businesses by race and ethnicity is examine.