Are We Losing the Next Nike, Apple, and Chobani?
Big companies start out as smaller ones. While Republicans block Biden’s nominee to the SBA, small businesses are dying. Can we afford to lose them?
The ghosts of COVID-19- past, present and future- have haunted small and mid-sized business owners with a dread vengeance over these past 18-months.
That so many small businesses are now hanging on by the merest thread should be of no unpleasant surprise to anyone. Plenty of small businesses have gone under during the past year, too- and that isn’t a surprise either, even if it is unpleasant.
The real surprise, and the least pleasant of all, might be the one waiting for the U.S. economy in 5 years, or in 10.
Because the small businesses dying on the vine today can’t turn into the great corporate success stories of tomorrow. The next Whole Foods, the next Uber, Costco or Chipotle; all could soon be gone forever; snuffed out before they could blossom.
The worst thing is that it doesn’t have to be this way; it isn’t too late. What small businesses need more than anything right now is time; time to rebuild their businesses, regrow their cashflow.
The COVID-19 relief money to buy that precious time waits at the Small Business Administration, held up by Senate Republicans refusing to fill an…