Kevin O’Leary told CNBC on Tuesday the U.S. government should not establish more relief programs for businesses impacted by the coronavirus and instead allow market forces decide which companies survive. “As a result of the pandemic and people’s changes in purchase behavior, there is a new America emerging and the only way to feel that out
Small Business
Patrice Washington became a real estate broker her senior year of college. After graduating from USC in 2003, Washington opened a boutique real estate and mortgage brokerage with a team of employees to keep up with demand. By 2007, she had made millions and parked her earnings into 13 investment properties. Then the housing market
Brian Taylor is your quintessential small business owner. He started Harlem Doggie Day Spa, a pet grooming and boarding business, 10 years ago in Harlem, New York. Like many small business owners, Taylor says he lost about 80% of his business when he had to temporarily close his storefront in early March due to the Covid-19
When the Covid-19 pandemic forced businesses to close and people to stay home, the way Americans obtained and consumed food changed drastically. Grocery stores were selling out and food banks were overwhelmed, but many farmers who used to supply restaurants, schools and commercial enterprises found themselves stuck with tons of extra products. As the initial
Pedestrians walk past Leavitt & Peirce in Harvard Square in Cambridge, MA on June 30, 2020. Lane Turner | The Boston Globe via Getty Images The city of Clemson, South Carolina, grows nearly four times its size from 8,000 to around 40,000 when Clemson University students return every fall. On football game days, the number
Cars wait in line for boxes of food from the Second Harvest Food Bank of Central Florida at a drive-through event at the City of Destiny church in Orange County, Florida. Paul Hennessy/SOPA Images/LightRocket via Getty Images ‘Horrendous time’ “This is a horrendous time to have a lapse in benefits,” said Wendy Edelberg, senior fellow
Alex and Kelsey Carroll’s company, Toss Up Events, designed and operated unique fan experiences at major sporting events across the country. Then the coronavirus shutdown canceled all large gatherings for the foreseeable future. The Carrolls, both 31, had all of their employees pack up their equipment and head back to the company’s headquarters in Dallas.
An exterior view of Sweet Tomatoes restaurant, which have closed their doors, on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images As Covid-19 cases continue to climb in cities and states around the country, businesses are being faced with a second wave of closures and potential layoffs. The National Restaurant Association
Small-business owners are struggling to stay afloat as coronavirus cases spike in many parts of the country — even with stimulus aid from the government. Despite that, worker headcount among small businesses was nearly back to pre-Covid-19 levels, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small
Foot traffic is slowly returning to Brattle Street and Harvard Square in Cambridge, Massachusetts, but local small businesses are still suffering from the extended coronavirus lockdown. Lane Turner/The Boston Globe via Getty Images EIDL loans The EIDL Advance program, created by the CARES Act, gave emergency grants to small businesses within three days of their
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