Small businesses give the federal government a passing grade. Barely.

Small business owners are nearly unanimous — the federal government should be doing more to tailor programs to small businesses. A new Goldman Sachs 10,000 Small Businesses Voices survey shows that 96% agreed with the idea the federal government should be doing more. About 70% of business owners gave the federal government a “C” grade or below on the effectiveness of its programs, services and tax credits, according to the survey. Additionally, 85% give the government the same bad grade for its efforts to communicate with small business owners about the essential resources and services available to them. So what is the solution? Overhauling the Small Business Administration, which 94% of small business owners said needed to be reauthorized by Congress and modernized. The last time the agency was officially reauthorized by Congress was in 2000. “During the pandemic, small businesses like mine had to innovate and remain nimble to survive and thrive,” Sydney Rieckhoff , owner of Almost Famous Popcorn with locations in Cedar Rapids and Des Moines, Iowa, and a member of the Goldman Sachs 10,000 Small Businesses Voices community, said in a press release announcing the survey results. “Unfortunately, the historic challenges presented by the pandemic […]

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