Labor shortages pose grave challenge to small business owners
CBSN
Ongoing labor shortages, the Omicron variant of COVID-19 and supply chain constraints continue to plague small businesses struggling to weather the persistent, nearly two-year-long pandemic.
In fact, a large majority of small business owners say they need more federal aid if they are going to stay afloat.
Eighty-two percent of more than 1,400 small businesses surveyed by Goldman Sachs' 10,000 Small Businesses Voices, a small business advocacy group, say they need more emergency financial assistance from the federal government, like the aid that was provided through the COVID-Economic Injury Disaster Loan (EIDL) program, which expired at the end of 2021.
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