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      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

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            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Tornadoes and storms hit Arkansas, Illinois, Indiana and other states – The Washington Post

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            San Francisco's Chinatown Business Suffers Two Break-Ins – NBC Bay Area

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Babylon Bee CEO: The world is difficult to satirize right now because it’s so insane – Fox News

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Second Chance Education (SCE) Signature Features – World – ReliefWeb

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            CTU Members Take Legal Action Against Union for Political Spending – WTTW News

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Wynne, Arkansas Takes Direct Hit From Violent Tornado – FOX Weather

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Not SpongeBob: Florida man lives under the sea for science – WKMG News 6 & ClickOrlando

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              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Cooking with Tammy Kelly: Fun Foods for Easter Snacks — Neuse … – Neuse News

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Cano Health’s Board Drama Comes As Primary Care Firms Try To Attract Buyers – Forbes

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Food Friday: Italian cooking with James Beard nominated Wisconsin … – Wisconsin Public Radio

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Bay Cliff Health Camp in need of counselors for summer – WLUC

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              How 100 Top Tables’ Best Chef Silas Li is transforming Chinese cooking – South China Morning Post

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Costa Mesa Boys & Girls Club class puts 'kid' in kidney health – Los Angeles Times

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Mebane Enterprise Events – I Cannoli Have Eyes for Cooking – Mebane Enterprise

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                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Padres Agree to 7-Year Extension with All-Star Infielder – Sports Illustrated

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Student artists bring life to King Hall stairway – The Bulletin

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Diamondbacks' uneven Opening Day points to more potential than promise – FOX Sports

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Fancy food hall, high end shopping coming to Park Square in Uptown – KRQE News 13

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Kentucky Senate passes bill legalizing sports betting, sends to Beshear – Courier Journal

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                ‘Murder Mystery 2: Jennifer Aniston refuses to stand next to Adam Sandler – Geo News

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Milwaukee takes on Boston after Holiday's 51-point showing – FOX Sports

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                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Teens help seniors learn how to use technology – CBS News

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Like a Cable Boss: Connecting Medical Technology – DVIDS

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Local Author To Be Published Using State-Of-The-Art Technology – Yellow Scene

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Will Pentagon Rush To Buy Ammo Advance New “Open Energetics Architecture” Technologies? – Forbes

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Marvell Technology: Upgrade To Buy Post-Haircut (NASDAQ:MRVL) – Seeking Alpha

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Forum Energy Technologies Awarded Approximately $25 Million Contract to Provide Desalter Systems to Saudi Aramco – Yahoo Finance

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                  Opinion: Don’t call it a recovery yet: Small business growth still lags

                  by Editor
                  April 19, 2021
                  in Business
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                  Opinion: Don’t call it a recovery yet: Small business growth still lags
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                  Lawmakers have pointed to stabilized GDP and a surging stock market as evidence that the U.S. is poised to return to “normal” after 2020’s economic catastrophe. But GDP and the S&P 500
                  SPX,
                  +0.36%

                  are not adequate proxies for real-world conditions, especially for the smallest businesses, the ones that define American neighborhoods and communities.

                  After the crash of 2008, the U.S. government emphasized stabilizing financial markets over assisting small businesses and struggling households. Even if well intentioned, the resulting redistribution aided mostly the top few percent.

                  Now the already-substantial gap between the largest and the smallest firms has widened, according to new survey data. Businesses with more than 100 employees are growing, but the outlook for businesses with fewer than 20 employees is considerably more uncertain.

                  These smallest businesses represent 90% of all U.S. businesses, employ half of American workers and generate half of the nation’s economic activity. According to the data, the smallest businesses saw profits dry up completely, and reported just 2% revenue growth year over year. 

                  Outcomes have begun to diverge, raising concerns about a so-called K-shaped economic recovery. Wall Street has regained its footing but Main Street may need more support to rebound. 

                  Small businesses will eventually bounce back, but better measures of business health — including access to funding, staffing and hiring, restored supply chains, consumer confidence, and the availability of goods and services to small business buyers — could give a clearer picture of the U.S. economic situation.

                  On one hand, revenue for the small business sector as a whole has declined by one-fifth. On the other, recent data show the percentage of small business revenue from online sales increased to 57% from 37% in less than one year, owing to changes in consumer behavior and small business offerings during the COVID-19 lockdown. 

                  Many businesses executed impressive pivots to stay afloat in the COVID confusion. Yet tens of thousands more — and no one’s quite sure how many — sank into insolvency and will not reopen. Meanwhile, a record 4 million new businesses were registered in 2020. During one three-month stretch, the country added more new businesses than any other quarter in its history. 

                  New data from small-business decision makers gives a better understanding of their well-being. Asked how they would know their business had fully recovered from the pandemic, most said that reliably making payroll was the crucial test. “Paying employees their full wages without concern” outranked owner salaries, increased revenue, or customer demand as the key signal for a small-business recovery. 

                  Increased need for services has led to innovation. The smallest firms are most likely to adopt emerging technologies, as they don’t have to contend with large legacy systems. The already rapid digitization of customer relationships, and the growing ratio of online-enabled offerings, may have been accelerated by as much as seven years. 

                  One of the success stories of the COVID recovery so far has been the Small Business Administration’s decision to include fintech firms in the distribution of the Paycheck Protection Program. Early on, PPP funds mostly went to the largest businesses, as pre-existing relationships with major banks were a prerequisite for loan success and many banks used customer portals to collect applications. 

                  Fintech firms were arguably a saving grace for the smallest businesses. Yet, even with their help, outcomes were still skewed: one in three businesses with more than 100 employees received the forgivable federal loans; just one in seven of the smallest businesses received help. Small-business owners continue to see cash flow as a major challenge in coming years. 

                  Like the consequences of the shutdown, the recovery is far from uniform. Booming growth, bull markets, crypto surges — these have little relevance to the real-world health of the U.S. economy. A decade of “Roaring 20s” celebration is possible, but it’s not here yet. If the needs of the smallest firms are not perfectly aligned with the needs of the largest, their recovery won’t be, either. 

                  Kathryn Petralia is co-founder and president of financial-technology firm Kabbage, an American Express company.

                  More: It’s time to expand Social Security benefits — and here’s how to pay for it

                  Also read: Tech’s COVID-19 boom won’t last forever, but it’s not going to end just yet



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                  Tags: businesscalldontgrowthlagsOpinionrecoverysmall
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