Heard on the Street: infrastructure bill, labor shortages, small business optimism, and more

By August 16, 2021 Heard on the Street

Heard on the Street – here’s what we were reading last week:

The bipartisan infrastructure bill is a great start. Small-business owners of color need more: Congress is poised to pass a bipartisan infrastructure package, but there’s more to be done to create a more equitable recovery for all small businesses, Busby, Cavazos, Tong and Buttle write.

Small businesses are bearing the brunt of the US labor shortage: The release of the US labor market report was an encouraging sign for businesses, but a closer look at the trends in worker movement by the sizes of businesses reveals the disparity between small businesses and larger ones.

Small business optimism shrinks as labor shortage, price hikes continue: Small-business owners now expect lower sales and worse business conditions over the next three to six months. And they face big challenges — from rising prices to a shortage of workers.

Amendment permanently establishes Minority Business Development Agency: U.S. Sens. Tammy Baldwin (D-WI), Roger Wicker (R-MS), and Ben Cardin (D-MD) presented the amendment expanding the agency’s capacity to promote and administer programs aiding minority business enterprises (MBEs) development and resiliency.