Heard on the Street – here’s what we were reading last week:
COVID’s Devastating Impact on Black-Owned Small Businesses: In addition to the historic challenges and barriers experienced by Black-owned small businesses, the pandemic has contributed to further burdens, including business closures, a new report shows.
Worried About Inflation and Supply Constraints? Try Being a Small Business: Small businesses are bearing the brunt of supply-chain pressures and rising prices, with many tapping their cash reserves or taking on debt just to compete with larger rivals.
Small businesses still struggling financially, Fed survey finds: While some small businesses have seen their revenues increase, the recovery has been uneven, with smaller firms and those owned by racial minorities seeing fewer gains, the report showed.
What Holds Small Businesses Back?: A conversation with Stacey Abrams and Lara Hodgson on the challenges of starting three companies together, managing political differences and why work-life balance is a lie.