As inflation soars, major corporations are posting record profits. But small businesses are feeling the squeeze
With prices on the rise, Mindy Godding’s small business Abundance Organizing held a team meeting. Employees of the Richmond, Virginia-based company, which helps people declutter or downsize and unpacks after home renovations and moves, were feeling the strain of soaring costs. Paying for gas just to get to clients’ homes – sometimes as far as […]
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What Happens to Subway Businesses When a Station Closes?
Photo: Anna and Jordan Rathkopf The Cutting Den, a cozy neighborhood hair salon, first opened in 1926 in a subway arcade beneath the Hotel St. George in Brooklyn Heights. But despite nearly a century in business, it is familiar mostly to the small set of people who regularly pass through the corridor on their way […]
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/cloudfront-us-east-1.images.arcpublishing.com/pmn/ACFGCCPTRJC5VGVZRBMB46BL7U.jpg "Water main break on Philadelphia’s Bainbridge Street leaves businesses waiting for help")
Water main break on Philadelphia’s Bainbridge Street leaves businesses waiting for help
Even after six months, the flood’s presence lingers in broken pavement and caution tape at the corner of Sixth and Bainbridge, hangs in the closed storefront windows of dreams deferred, and seeps in the minds of Adam Volk and Chivonn Anderson. With an industry rattled by the pandemic and a Brooklyn location closed by COVID-19 […]
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Share the profits! Why US businesses must return to rewarding workers properly | Robert Reich
According to this week’s release from the commerce department, the US economy has been growing at its fastest pace in almost 40 years. Corporate profits are their highest in 70 years. And the stock market, although gyrating wildly of late, is still scoring record gains. So why do most Americans remain gloomy about the economy? […]
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Norman Main Street businesses fearful
SHELBY MONTGOMERY SPOKE WITH ONE BUSISSNE OWNER ABOUT WHAT HE SAW LAST NIG.HT SHELBY: THE SHOOTING HAPPENED RIGHT HERE IN THIS ALLEY. I SPOKE TO SEVERAL OF THE BUSINESSES WHO SAY THEY USED THIS ALLEY TO PARK THEIR CARS AND THROW TIRHE TRASH. MANY OF THEM SAY IT’S NOT S AAFE PLACE TO BE ESPECIALLY […]
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It’s time for US small businesses to offer a four-day workweek | Gene Marks
Every small business owner I talk to has the same problem: we can’t find enough people to do the work we need. Well, I have an answer: perhaps we should be offering a four-day workweek. “What? A four-day workweek?” I’ll often hear when I propose this. “I need my people to work more, not less!” […]
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U.S. to Spend $10 Billion to Boost Small Businesses
The U.S. is planning to hand out $10 billion to help upstart companies gain access to capital in a bid to rev up business in disadvantaged communities and spur a broader economic recovery from the pandemic. The State Small Business Credit Initiative will direct money to states, territories and tribal governments for programs that provide […]
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Chinese Small Businesses’ No Good, Very Bad Year
U.S. small-business owners are dealing with high inflation and scarce workers. China’s small businesspeople are facing a different, but no less worrying set of challenges. By some indicators, 2021 is shaping up to have been the worst year for China’s small entrepreneurs in a long, long time. China’s economy as a whole is struggling, but […]
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