2020 was an unprecedented year, full of uncertainty, social distancing and personal loss. Fortunately, there are signs across the country of customers returning, and we’re getting back to business.
Reimagine Main Street, a project of Public Private Strategies, and their partners surveyed >1,300 diverse small business owners across the country to find out if small businesses are rebounding from COVID-19, and if recovery is experienced equally across communities.
Here’s what they found:
Small Business Owners are Optimistic About the Future
% Optimistic about the Future of their Businesses
But signs of Recovery NOT Experienced Equally
% Agree “We have turned the corner on the pandemic and business is returning to normal”
AAPI, Black, and Native Business Owners Expect Slower Recovery
% Expect at least 6 months before reaching pre-pandemic revenue
Equitable Recovery Requires Solving for Small Dollar Business Financing and More
The smallest businesses lack confidence that they can access funding to operate and grow
% Agree that “I am confident that my business can access financing to meet working capital and growth needs”
See more survey results, click HERE