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Local and State Governments Have Marshalled $9.27 Billion for Small Business Relief

KENNEDY SMITH  |   OCT. 19, 2020

As Congress continues to stall on aiding small businesses, our newest research finds that cities, counties, states, and community organizations have established more than 800 programs to provide financial assistance to small businesses in the wake of the pandemic. These programs have deployed more than $9.27 billion in grants and loans. They’ve been fast, effective, and responsive to local needs.  

Yet the funds are running out. We're urging Congress to quickly provide the resources local governments need to do this important work. READ THE POLICY BRIEF.

UPCOMING EVENTS

ICYMI

"A damning congressional report about Big Tech helps make the case to break up Jeff Bezos’ empire,” Stacy Mitchell writes in the New York Times. “Compelling Amazon to spin off its online marketplace, retail, cloud, and logistics divisions as distinct companies would eliminate its ability to exploit its dominance in one part of its business to thwart competition in another." CONTINUE READING.

WHAT WE’VE BEEN UP TO

  • Local relief programs have "meant the difference between survival and failure for many businesses,” Bloomberg noted in a feature story about Kennedy Smith’s new research on local Covid relief funding.  The Atlantic also quoted Kennedy on the need for federal funds to shore up these programs. “Hundreds of thousands of small businesses at risk of going under.”
  • The Information cited our Amazon’s Monopoly Tollbooth report about how the company reaps profits off the backs of merchants.
  • QNS quoted Shaoul Sussman on a promising antimonopoly bill in New York state. “We want to see the next Amazon, Google, Steve Jobs, and the only way to do that is to allow those companies to compete with the big guys.”
  • The Hill also quoted Stacy about local alternatives to food delivery monopolies. “Any given market is often dominated by two or even one of them...They're using their gatekeeper power to extract from restaurants." 

NEWS STORIES WE'RE FOLLOWING

  • Amazon is pushing through covert warehouse deals in predominantly Black Chicago suburbs, extracting over $640 million in subsidies from these communities. “By contrast, the company built warehouses in at least seven mostly white communities that reported offering no public incentives at all.”
  • Amazon sellers say a bribery scandal has exposed how Amazon’s opaque system for suspending sellers leaves them with no recourse and few legal options. 

From informing policymakers to shaping media coverage, ILSR's research is
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