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Manwon Lender

Woman Business owners important for Recovery

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Manwon Lender

Women-run businesses make up 40 percent of all businesses in the country and their revenues invigorate our local economies. Last year alone women-owned businesses generated $1 trillion in revenues. But Covid-19 has exposed the deep inequities women business owners continue to face, despite the economic dynamism they contribute to our country. The CARES Act overlooked the needs of too many women entrepreneurs. With its focus on employees, while laudable, the Payroll Protection Program was of no help to many women-owned businesses because 90 percent have no employees. Far too many of those who did receive a PPP loan had to lay off employees because they had no customers during lockdowns, leaving them saddled with debt they may not be able to repay.



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