While there is not much positive to say about the economic devastation caused by the COVID-19 pandemic locally and nationally, there is at least one silver lining. And with what we have gone through, we’ll take it. According to new economic data, new businesses are being formed at the highest […]
Tag: economy
One pandemic positive for the economy: A boom in new small businesses
We all know that the pandemic has been devastating for small businesses, We don’t have to look any farther than our neighborhood strip shopping center to see small business that have closed for good. And for many of those companies that have survived, their business is far from what it […]
Surveys say: Small businesses believe the worst may be behind us
As more Americans receive the COVID-19 vaccine, states lift restrictions, and businesses continue to reopen, a majority (65%) of small business owners are more optimistic that the worst of the pandemic is over. That’s according to the Q2 2021 MetLife and U.S. Chamber of Commerce Small Business Index released this week. […]
More manufacturing could fuel a resilient post-COVID economy in South Florida
With the growing realization that the COVID-19 impacts will continue to ripple through the economy well into the future, researchers at Florida International University’s Metropolitan Center dove into the need for economic development planning for a post-Covid environment. The challenge: “Making our core industries less vulnerable to economic shocks while […]
Most Miami area small businesses profitable but have limited cash buffers, report shows
While the majority of Miami small businesses are profitable, many have limited cash liquidity. What’s more, small businesses in majority black, Hispanic and foreign-born communities in Miami have lower profitability and cash liquidity than businesses in majority white communities. These were some of the findings in a new report by […]