More public credit, that is, for their contribution to the global economy, as well as the bank credit they need to survive and grow. Small businesses – like Berkshire Publishing – create jobs and sustain communities. More than 50% of Americans work in small businesses. And small businesses, I’ve learned today, are more likely to delay laying people off, and they make much more effort to bring people back when times are better. I wonder what would happen if the U.S. government bailout money were to be directed to small- and medium-sized enterprises? Some of us would be able to create new jobs because we’re more nimble and more creative than the big guys. Here’s an article from Business Week about “What Layoffs Mean.”
Small businesses should get more credit
About the Author: Karen Christensen
Karen Christensen is an entrepreneur, environmentalist, and occasional scholar who also writes about how women gain and wield power. She is the owner and CEO of Berkshire Publishing Group, a research associate of the Fairbank Center at Harvard, a member of the National Committee on US-China Relations, and founder of the Train Campaign. She was a trustee of the University of Pennsylvania’s Penn Press, Read Karen’s occasional dispatches from the frontlines of international publishing at Karen's Letter on Substack, and follow her on Twitter etc @karenchristenze.
- August 28th, 2020 | 0 Comments