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NEWS: STORIES WE ARE FOLLOWING
Monthly Labor Review - APRIL 2020
YOUR CHAMBER @ WORK
From the President
REPORT: 2020 SMALL BUSINESS CREDIT SURVEY RESULTS
The publication of this report comes at a particularly challenging time for our nation’s small business sector. Small businesses across the country are grappling with the profound impact of the COVID-19 pandemic on their operations and on their owners’ and employees’ livelihoods. As policymakers and service providers begin to enact programs to help firms weather the economic challenges, insights about the financial position of small businesses can provide a useful perspective on how best to target funds and services.
The Delaware State Chamber partnered with the Federal Reserve Banks to put out the Small Business Credit Survey, fielded in Q3 and Q4 of 2019, offers baseline data on the financing and credit positions of small firms before the onset of the crisis. The survey findings provide insights into firms’ preparedness to withstand the shock, their existing debt levels, and the actions they may take in response to an unexpected loss of revenues.
The results of the survey raise several important considerations in the current environment:
EXPECT DELAYS. PLAN AHEAD.
Rehabilitation of I-95 from I-495 to North of the Brandywine River Bridge
delaware business magazine
Delaware One Stop:
Registration & licensing portal for businesses operating in Delaware