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Advancing Racial Equity and Justice, Building an Economy for All, Small Business
Vice President, Communications
[email protected]
Forty-four percent of the U.S. GDP comes from the nation’s small businesses and 98 percent percent of the nation’s small businesses employ fewer than 20 people. The Paycheck Protection Program was supposed to be a primary lifeline for these small businesses to survive the economic impacts wrought by the COVID-19 pandemic. But according to data released last December the Trump administration failed to target this aid to them and instead prioritized larger companies and corporations, donors, family members, and friends. In less than two months the Biden administration is course correcting.
Here’s how the two administrations compare:
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