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聖靈所結的果子,就是仁愛、喜樂、和平、忍耐、恩慈、良善、信實、溫柔、節制。
這樣的事沒有律法禁止。

加拉太書5:22-23


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WHAT’S IN THE PIPELINE TO REVIVE ETHNIC SMALL BUSINESSES?
6/1/2020




Photo, Top: Charles Phillips, a director of the Federal Reserve Bank of New York (left); Rep. Ted Lieu, D-California. Bottom: Sumita Batra, CEO, Ziba Beauty Salons (left); venture capitalist Shelly Kapoor Collins, member of California Governor Gavin Newsom’s Entrepreneurship Task Force.

By SUNITA SOHRABJI/EMS Contributing Editor

SAN FRANCISCO — Main Street America, its plethora of largely minority-owned small businesses ravaged by the COVID-19 pandemic, will see opportunities to revive with the help of federal stimulus funding, a May 29 group of panelists concluded.

Speakers at the discussion, organized by Ethnic Media Services, included Rep. Ted Lieu, D-California; businessman and philanthropist Charles Phillips, director of the New York Federal Reserve Bank; venture capitalist Shelly Kapoor Collins, a member of California Governor Gavin Newsom’s Entrepreneurship Task Force; and Sumita Batra, CEO of ZIBA Beauty Salons.

More than 100,000 small businesses have had to shut their doors permanently, according to a study released in April by the National Bureau of Economic Research. Of the businesses it surveyed, 43% have closed temporarily and owners have laid off 40% of their staff.

Six out of 10 small businesses will close by Labor Day if the current environment continues, reports the National Federation of Independent Businesses. In California, 95% of businesses are classified as small businesses.

Congress’ $350 billion stimulus package — approved in April and known as the Paycheck Protection Program — is a loan program to help small businesses survive during the COVID 19 pandemic by providing eight weeks of payroll and some additional funds for operating expenses. The Small Business Administration defines small businesses as those with fewer than 500 employees.

Fourteen days after the program began, it ran out of funds. Money had been quickly gobbled up by larger businesses — many backed by venture capital — and by hotel and restaurant chains with fewer than 500 employees at various locations.

“It wasn’t even a fair fight,” said Phillips.

Larger entities had relationships with big banks and artificial intelligence bots that filled out loan applications, he explained. Smaller businesses, also known as micro businesses, normally are funded by Community Development Financial Institutions, not by large banks. Of the more than 1,000 CDFIs in the United States, only 90 participated in the first round of stimulus funding, said Phillips, noting that the process for applying was extremely difficult.

Many micro businesses are sole proprietorships, especially in the African American small business community. Such businesses were unlikely to receive PPP loans because they had no employees and thus no documented payroll. Phillips gave the example of a barbershop where the owner simply rents out chairs to barbers who are independent entities. For many micro businesses, payroll is not its largest expense, but the PPP program stipulates that 75% of the loan must be used to cover payroll.

Phillips expressed optimism for the second round of funding, an additional $484 billion approved by Congress in late April to keep the PPP program going. It set aside $60 billion to be distributed by smaller banks with less than $50 billion in assets.

In this round, 324 CDFIs are participating, and an additional $10 billion was set aside specifically to channel loans through them.

Loan amounts also have dropped, from $260,000 in the first round to an average $115,000, which means smaller businesses are applying and getting funded, Phillips said. To date, about 4.5 million loans have been distributed.

Rep. Ted Lieu, who represents California’s 33rd Congressional District, said Democrats fought hard to make the second round of stimulus funding accessible to businesses with fewer than 20 employees. The challenge, however, lies in letting business owners know these funds are available.

Re. Lieu used his own immigrant parents, who ran a small gift shop as an example of a typical very small business: “We had no idea what a chamber of commerce was. We had no idea what really was happening in most of government. We were just trying to survive and try to sell gifts and make sure that we had money to make payroll,” he said.

Every member of Congress has a staff member dedicated to helping business owners manage their PPP loan applications, Rep. Lieu noted, and added that he is
advocating for future rounds of stimulus funds. “We just have to provide additional sustenance to the American people, both to families and to businesses.”

Even if governments all across America lifted the stay-at-home orders, the economy would still be sluggish, he said. “People are simply not going to engage in a lot of activities that they previously did because they want to protect themselves and their families. That’s going to keep our economy slow until there’s a drug therapy or a vaccine.”

During the briefing, the congressman lambasted President Trump for refusing to wear a face mask: “I think it’s shameful and disgraceful of the president of the United States not to wear a mask in public and to post things on his social media that suggest people shouldn’t wear a mask. It is a ridiculous way to govern.”

Shelly Kapoor Collins, a general partner at the Shatter Fund, which invests in women-founded businesses, said even in a good economy, women get only 2% of venture capital funds. “So, can you imagine what will happen in a post COVID era?”

Collins, who also served in the Obama administration’s National Women’s Business Council, stressed the importance of ensuring that women have access to capital to start and grow their businesses. About 12.3 million businesses nationwide are owned by women. They employ nine million people and generate $1.7 trillion in revenue.

“If women continue to scale their businesses, we have the opportunity to grow our GDP by $500 billion,” Collins said.

The United States must have an economy that includes businesses owned by diverse founders, she said, “especially [in] minority communities and especially [by] women. It’s the right thing to do, without which we cannot have a full economic recovery.”

Sumita Batra shared the story of ZIBA Beauty Salons, a business her mother founded that brought the centuries-old beauty technique of threading to this country. In March, before Newsom issued his statewide stay-at-home orders, Batra made the difficult decision to close all 14 branches of her salon and laid off 144 employees. Their final paychecks came out of her personal savings.

She applied for a PPP loan when the program began and received funds 10 weeks later. Those funds can only be used for operations and payroll after receipt and not for past debts, such as unpaid rents or leases.

Touch-based services, such as threading and nail salons, will have a harder time recovering postpandemic. Batra said she will not re-open her salons until she can ensure that her employees and clients are absolutely safe. She advocated for having stimulus funds directed specifically to services like her own.

“Touch services coming back too soon will be one of the things that ends up spreading COVID,” Batra said.


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本目錄中最多閱覽的文章

朱易 : 馬鞍峰教會的增長及其深遠影響 (1) 
許多前來參加每年一次牧師研討會的牧師感到(2003年人數達到二十五萬之多),他們正經歷著一場由華理克牧師主導的改革運動,他們好像又回到了激動人心的馬丁路德改教運動的時代,不同的是他們可以與領導今天這場改革的領袖相遇和交談。

華理克牧師認為馬丁路德時代的改革是讓教會清楚教會所相信的是什麼,這也是我們今天還在傳講的資訊和教義,而今天的改革是讓教會清楚教會要做什麼


第二次宗教改革的呼聲 
新興教會的運動是教會的第二次宗教改革, 它將徹底改寫教會歷史, 並開創全新的教會時代.

朱易 : 馬鞍峰教會的增長模式和教會市場法的危機 (1) 
除了“目標導向”的增長公式,許多牧師認為華理克牧師還有增長的秘訣,但華理克牧師認為他的增長策略其實是十分簡單,歸納起來只有三條.

不少學者持懷疑的態度, 他們認為“目標導向”不過是將傳統的基督教原則作了不同的包裝。




《断背山》风头正健,价值观江河日下 (1) 
对基督徒而言,这部影片只不过是一个用艺术包装起来的同性恋合理的说教。但这一次,基督徒却无法用忽略它的存在的方式来反击它,他们必须寻找新的方法来坚守传统的战线。


朱易: 他的正面思維影響了全世界 (1) 
但是斯凱勒在教會界配受尊重,除了他在教堂的建造上獨樹一幟外,他的人品和神學上也頗為出色。他是少數幾個沒有醜聞的電視布道家之一,而讓他成為非主流教會和許多基督徒仿效的對象的原因是,他的講道著重正面信息,用正面思維看問題。


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