Three key takeaways for California small business owners

In summary

Small business owners are still dealing with the consequences of the pandemic, with marginalized groups facing additional obstacles to loans

COVID-19 recovery efforts are finally underway — now, most anyone 12 or older who wants a vaccine can get one, businesses and office spaces are slowly starting to open up and schools plan a return to in-person classes. But many small businesses in California are still dealing with the devastating effects of the pandemic. 

CalMatters reporter Nigel Duara moderated a Milken Institute discussion on July 13 that addressed opportunities and remaining challenges for small businesses.

Panelists ranged from government administrators to small business owners. They tackled topics such as PPP loans, characteristics of businesses that weather crises well, financial literacy and the barriers that communities of color face when applying for loans and…

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