70% of small businesses gave the federal government a C grade or below in a new survey.
, and while the economy is showing some positive signs with continued job growth and inflation starting to dissipate, small businesses are facing hurdles. For them, the state of the union may be heading in the right direction – but the state of their relationship with the government is not, and they want action.
Early-morning light shines on shops on Main Street, Saturday, June 11, 2022, in Bar Harbor, Maine. Small businesses face a mix of old and new challenges as 2023 begins.Sydney Rieckhoff, owner of Almost Famous Popcorn in Iowa, said that during the pandemic"small businesses like mine had to innovate and remain nimble to survive and thrive."
That's been a frustration for Shaniece Bennett, a small business owner outside Detroit whose consulting and accounting services firm helps other small businesses navigate applications and compliance with government programs. During the pandemic, she helped small businesses apply for PPP and other relief. At times, the process involved information small businesses didn't typically report and wouldn't easily have, which resulted in small businesses missing out.
Awareness was especially challenging when there were more credits available during the pandemic. Strangler pointed to the Employer-Provided Child Care Credit, the Employee Retention Credit and the paid leave credit in the Families First Coronavirus Response Act in recent years that small businesses might not have taken advantage of.
Ahead of the State of the Union, small businesses are calling on Congress to reauthorize the Small Business Administration, which hasn't happened in more than 20 years. Without modernization, it is still operating in a time of dial-up internet and CDs.
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