The State of Small Business & Coronavirus Social Impact Resource.

The State of Small Business

Since Hello Alice first launched their COVID-19 Business for Emergency Grants on March 26,2020 thousand of business owners have submitted applications .  As their team reviewed each submission, an analysis painted a picture of how small businesses are faring.  Here’s a snapshot:

     68% = the percentage of applicants who have pivoted their business duets the coronavirus

     58% = the percentage of grant applicants who need immediate funding to weather the crisis

     26% the percentage of said reduce sales due to social distancing was the biggest impact COVID-10 has had on their business

     $10,000-$25,000 = the amount of capital most applicants need for their business to survive COVID-19  Alice also says the pandemic is truly national with applications from all 50 states.  The top five locations include California (18.8%0, New York (12%), Texas (9.1%), Florida (5.5%), and Georgia (3.7%).  All industries were represented with business from Healthcare and Wellness, Professional Business Services, Food and Beverage, Consumer Goods/Retail, and Arts & Entertainment sectors making up the bulk of applications.

Continue to keep an eye on the Alice COVID-19 Business Resource Center for the latest resources and information:       https://www.covid19businesscenter.com/utm_source=Alice&utm_medium=newsletter&utm_campaign=COVID&utm_content=SMBStatus&mc_cid=a2b7e99368&mc_eid=cd82316988

Courtesy HelloAlice.com  –  Help to start and grow a business.

https://www.ifc.org/wps/wcm/connect/news_ext_content/ifc_external_corporate_site/news+and+events/news/impact-stories/peru-fights-covid19?CID=IFC_TT_IFC_EN_EXT

A Look at How UN Development Funds Are Recalibrating SDG Funding

Report Social Impact of COVID-19 by contacting NextBillion editor – James Militzer: editor. Phone: (734) 615-1980, Email: jamesmil@umich.edu, LinkedIn.

 

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