economic stimulus

Congress must end this terrible year by fixing small-business relief

By / Economy, Small Business, Small Business Advocacy Blog /

The Hill December 8, 2020 By Anne Zimmerman, Opinion Contributor Last week, a bipartisan group of senators announced a $908 billion stimulus plan, including $288 billion for small businesses, that kicked off another round of wrangling over much-needed economic relief after months of inaction. The plan’s fate is uncertain, but what is clear is lawmakers must ensure […]

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November small business job gains flat. Job loss for the year—Nearly 5 million

By / Economy, Small Business, Small Business Advocacy Blog /

December 4, 2020 While some politicians and economists claim that the economy is doing well and therefore another federal relief bill is not needed, the 2020 job numbers tell a different story. The South Carolina Small Business Chamber of Commerce put together the below graph and table using data from the ADP National Employment Report

November small business job gains flat. Job loss for the year—Nearly 5 million Read More »

South Carolina real small businesses cheated out of federal PPP relief funds

By / Economy, Press, Small Business /

Statement of Frank Knapp Jr., president & CEO of the South Carolina Small Business Chamber of Commerce. Columbia, SC, December 2, 2020—According to The Washington Post, over half of the $522 billion in Paycheck Protection Program loans went to larger businesses that accounted for only 5% of loan recipients.  While real small businesses receiving less

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More than half of emergency small-business funds went to larger businesses, new data shows

By / Economy, Small Business, Small Business Advocacy Blog /

The Washington Post December 2, 2020 More than half of the money from the Treasury Department’s coronavirus emergency fund for small businesses went to just 5 percent of the recipients, according to data on more than 5 million loans…. …Officials from the Treasury Department and the Small Business Administration (SBA) have argued the program primarily benefited smaller

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US business leaders press Donald Trump to start transition to Joe Biden

By / Economy, Election Security, Press, Small Business /

Financial Times November 24, 2020 Chief executives of Goldman Sachs and BlackRock warn further delays will hamper response to pandemic US business leaders are turning up the pressure on Donald Trump to begin the transition to Joe Biden’s administration, warning that further delays threaten America’s attempts to control the public health and economic crises caused

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Charleston tea cafe among latest closures announced as pandemic slows business

By / Economy, Press, Small Business /

WCSC-TV November 18, 2020 Watch Video By Nick Reagan CHARLESTON, S.C. (WCSC) – A Charleston small business announced plans to close its doors at the end of the month after struggling with a take-out only business model. Tapio, a boba tea café, opened six years ago, started by Terry Hung and his wife. “The location

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Cramer rips Congress over failure to pass Covid stimulus, says it has ‘doomed’ small businesses

By / Economy, Small Business, Small Business Advocacy Blog /

CNBC November 18, 2020 By Kevin Stankiewicz KEY POINTS A failure to pass more coronavirus stimulus this fall has crushed small and medium-sized business, CNBC’s Jim Cramer said. “They’re the empty storefronts of the country,” the “Mad Money” host said. The result has been a “giant” gain for large retailers like Walmart, Target and Home

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SC Small Business Chamber pleas for new stimulus as hopes for holiday shopping waver

By / Economy, Press, Small Business /

WPDE November 16, 2020 by Andrew James CONWAY, S.C. (WPDE) — We are entering a critical time for many small businesses with the holiday shopping season before the universally-acclaimed slow season along the Grand Strand. This past week, the South Carolina Small Business Chamber of Commerce sounded the alarm to demand state leaders look at

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Money to Keep Small Businesses Alive: Legislative Watch

By / Economy, Press, Small Business /

Governing November 13, 2020 By Carl Smith These are tough times for the nation’s small businesses. Nearly 100,000 that were “temporarily closed” early in the pandemic have now shut their doors permanently, according to a Yelp Economic Impact Report. A recent Goldman Sachs survey of small business owners found that 34 percent still in operation are

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What do small businesses need: Listen to WRNN interview with SCSBCC exec.

By / Economy, Press, Small Business /

Dave Priest and Leanne Graham on WRNN’s Hot Talk 99.5 show in Myrtle Beach, SC, this morning talked with Frank Knapp, President & CEO of the SC Small Business Chamber. Topic: What do small businesses need to survive and what is the likelihood that the help is coming? Listen here.

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