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FEATURES

Infographic: How To Help Your Local Businesses Weather Covid-19

KENNEDY SMITH    |   APRIL 15, 2020

Local businesses need our support to weather Covid-19 and its devastating economic fallout. We invite you to share this infographic on social media, or print it and post it around town. We can all do our part, including calling our elected officials to urge them to provide our small businesses, and their employees, with more financial support.
Read the full article. 
Download the infographic as a PDF or JPEG

FEATURES

In the Washington Post: We’re Short on Hospital Beds Because Washington Let Too Many Hospitals Merge

SUSAN R. HOLMBERG   |   APRIL 15, 2020

In an op-ed for the Washington Post, ILSR Senior Researcher Ron Knox and Roosevelt Institute fellow Andrea Flynn explain how the FTC's permissive approach to hospital mergers is impacting Americans’ access to health care, particular hospitals’ ability to fight the Covid-19 crisis.

"As we emerge from the present, the FTC must take hospital mergers more seriously, reviewing proposals carefully while prioritizing patients and the stability of our health-care system as a whole."  READ MORE

FEATURES

How State and Local Governments are Helping Small Businesses During the Pandemic

KENNEDY SMITH, ZACH FREED, & RON KNOX    |   APRIL 15, 2020

 

The Covid-19 pandemic has forced millions of small businesses to shutter. Saving these small businesses from permanently closing, and helping the tens of millions of workers they employ, will require a federal response many times greater than what Congress has done so far.

In the meantime, cities and states can fill some of the void. In some places, that’s already happening. Here are the steps local and state governments have taken so far to shelter small businesses from the virus’s vast economic turmoil. READ MORE

WHAT WE ARE UP TO

  • On April 20th, ILSR Co-Director Stacy Mitchell will speak on a webinar panel hosted by the University of Chicago Booth School of Business. Stacy will discuss the impact of the COVID-19 crisis and how it is amplifying Amazon's economic power. Register to join the webinar here.
  • Stacy was on WAMU's show 1A talking about Covid-19's impact on small businesses. "This crisis is really unprecedented...Even in a deep recession, small businesses would see their revenues drop. But in this situation, for hundreds of thousands of small businesses, their revenues are plummeting to zero."
  • Senior researcher Kennedy Smith was the keynote speaker for an online Main Street America event. She discussed the value of Main Street efforts to generate local economic impact amidst the ongoing Covid-19 pandemic. You can watch Kennedy's talk on zoom here.
  • Stacy spoke at a briefing with Senator Cardin (D-MD), hosted by the American Economic Liberties Project and the American Sustainable Business Council. They talked about how corporate monopolies and private equity firms are using the crisis to squeeze small businesses. The next set of federal policies must protect and empower our independent businesses.
  • Stacy was also quoted about Amazon and the current crisis by Business News Daily, Bloomberg, the American Prospect newsletter, The Information, and Washington Business Journal.

ICYMI

In the American Prospect, Stacy explains the unprecedented economic crisis that small businesses are now confronting, particularly if the federal government doesn’t respond promptly and comprehensively. "Small businesses are in free fall." READ MORE

ON THE PODCAST

On Building Local Power, host Zach Freed spoke with Jim Hrncir, owner of Las Colinas Pharmacy in Irving, Texas. They talked about the quality care independent pharmacies provide to their patients and how Jim’s pharmacy has responded to the Covid-19 pandemic, adapting to meet the changing needs of the community.

And in March, Stacy spoke with small business owner Sandy Grodin, who owns El Paso Office Products in El Paso, Texas. In business for 30 years, Sandy's company is now imperiled by the fallout from the coronavirus pandemic. They discussed what small business owners are doing to try to stay afloat and maintain payroll and health care for their employees.

 

NEWS STORIES WE'RE FOLLOWING

  • For Walmart and Amazon, Vox reports that the Covid-19 pandemic has provided an "exponential boost to their already substantial businesses and power."
  • As Amazon workers around the country organize to demand adequate protections against Covid-19 infection, the company is selectively firing some who speak out.
  • Mega banks, including Bank of America, are turning away independent business owners who are seeking federal relief, if they aren't already customers.
  • The design of the federal small business relief program leaves many black-owned businesses unable to access funds
  • Meanwhile, community bankers are working endless hours  with bad hair and cold pizza  to process a mountain of applications.
  • Hedge funds, which derived their name by collecting gains when markets fail, are clamoring to collect bailout money intended for small businesses.
  • Pharmacy middlemen are leveraging the pandemic to further price gouge independent pharmacists.
  • Vermont has directed big-box stores to cordon off and stop selling non-essential items a move that both protects public health and ensures fair competition for local stores compelled to close.

From informing policymakers to shaping media coverage, ILSR's research is
making an impact. Please help us work to create an economy that's more
competitive, equitable, and prosperous by making a donation today.

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Copyright © 2020 Institute for Local Self-Reliance, All rights reserved.


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