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DEEP DIVE: The small business reckoning — Post-pandemic America will have fewer of the neighborhood shops, restaurants and bars that we've grown up with, relied on, worked for, and viewed as pillars of our communities. https://www.axios.com/reckoning-small-business-coronavirus-fa6affe7-2458-459f-91d6-76f191ccb23e.html?utm_source=twitter&utm_medium=social&utm_campaign=dd52320&utm_content=1100
The grim toll for restaurants
While large businesses can borrow the money they need to get through the crisis, small businesses cannot.Without substantial direct support from the government, millions of small businesses will never be able to find the cash they need to survive. https://www.axios.com/coronavirus-small-business-employment-542541cc-02bd-463f-b7f7-64d242717f83.html?utm_source=twitter&utm_medium=social&utm_campaign=dd52320&utm_content=1100
Federal aid so far
Things might be slowly looking up for small businesses — or at least steadying.The number of companies reporting severe problems from the pandemic has been dropping in recent weeks. https://www.axios.com/small-business-census-coronavirus-shutdown-077b44e2-9f3a-4b66-8f7d-b9ef3aeeeb5e.html?utm_source=twitter&utm_medium=social&utm_campaign=dd52320&utm_content=1100
New research suggests that many small businesses owned by people of color are struggling particularly hard to survive the crisis. https://www.axios.com/minority-owned-businesses-coronavirus-economy-38ba70cd-c54d-4024-bdf2-1689897f0a5b.html?utm_source=twitter&utm_medium=social&utm_campaign=dd52320&utm_content=1100
Sole proprietors and the self-employed face an even more uphill battle in getting government assistance, and the vast majority of U.S. small businesses are "nonemployer" companies that are mostly one-person shops. https://www.axios.com/self-employed-challenges-coronavirus-86373480-210c-42d5-ac24-fd35dbbbf227.html?utm_source=twitter&utm_medium=social&utm_campaign=dd52320&utm_content=1100
With franchising having exploded in recent decades, many familiar chains that look like giant corporations are often independently owned small businesses that are getting wrecked by the pandemic. https://www.axios.com/franchises-small-businesses-coronavirus-d726350a-1fcb-4502-99fb-0d3b9f068eda.html?utm_source=twitter&utm_medium=social&utm_campaign=dd52320&utm_content=1100
Mask-making designers largely aren't profiting on these sales — but they're keeping their businesses alive and their employees on payroll — and in some cases expanding their customer base. https://www.axios.com/designer-face-mask-coronavirus-c900c2b7-3ec5-4421-8166-3fc1b54a727d.html?utm_source=twitter&utm_medium=social&utm_campaign=dd52320&utm_content=1100
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