Blog

The dispersion of COVID has been uneven from the outset, preying upon preexisting fault lines in our nation’s economic, social, and geographic landscape and systematically disadvantaging already vulnerable people and places. Governmental responses have been similarly fragmented and unequal, with federal, state, and citywide services and relief structures marked by inconsistency and disparate outcomes byRead more

Our community and many others have lost workforce talent to larger, coastal cities for decades. While the reasons behind it are complex, the steady loss of young, educated workers seemed unstoppable. Much more recently, the COVID pandemic has also seemed unstoppable and even more devastating. However, it sometimes happens that you can use one problemRead more

The COVID pandemic has exacerbated the economic precarity of rural America. Many rural and small towns were still struggling to recover from the last recession, and are now fighting for economic survival amid this one. As these communities grapple with unprecedented job losses, small business closures, and crumbling infrastructure, their recovery requires coordinated relief firstRead more

With 2020 in the rearview mirror, it’s time to reflect on the events and lessons the year has had for all of us. Of course, it’s likely that you have some desire to forget rather than reflect. Tempting as that may be, the end of 2020 won’t bring the end of COVID or economic instability.Read more

As the nation’s worst COVID-19 outbreaks concentrated in remote rural towns this fall, the geographic isolation once thought to shield them from the pandemic swiftly transitioned into a severe disadvantage. Rural communities and the small businesses and residents within them faced overlapping, systemic challenges entering this crisis. Rural residents—particularly Black, Native American, and Latino orRead more

Shoptimism is a term being used to describe purchases made from home during the pandemic. You are stuck at home and suddenly begin to see every flaw, paint chip and cluttered closet. So, you buy things to fix the situation—or you buy things to make you feel better about it. When consumers buy things theyRead more

The COVID small business crisis and prolonged and uneven, inflicting a disproportionate toll on microbusinesses in underserved communities that are the lifeblood of their local economies. While much attention has been paid to small business closures in urban communities across the country, the same dynamic is unfolding in underserved rural areas, with dire consequences. StillRead more

There have been two large changes to loans offered by the U.S. Small Business Administration (SBA). If your business utilized a loan from the SBA, check out these two changes to see if your loan qualifies in the changes: 1)    Paycheck Protection Program loan expense deductions changed by recent Omnibus bill:  A brief from the Congressional Research Service,Read more

If your business has fewer than 500 employees and meets other eligibility requirements from the Small Business Administration (SBA), you may have qualified for the Paycheck Protection Program (PPP) loans issued to businesses. Even better, if you received the PPP loans, you may be eligible for the forgiveness application. The SBA has approved a simpleRead more

On Monday, December 21, the U.S. Senate approved a deal on a $900 billion stimulus package that provides much-needed aid for small businesses, schools and unemployed Americans. The legislation was passed with a 92 to 6 vote following weeks of intense debates. Efforts to pass economic relief measures in the weeks leading to the presidentialRead more