After the 2008/2009 Great Recession, it took a decade for US small businesses to really start growing. But only about four months after COVID hit. Why?
Tom Sullivan, VP for VP of Small Business Policy at the US Chamber of Commerce, gave two reasons during a livestream conversation on small businesses and post-pandemic recovery hosted by GZERO Media in partnership with Visa.
First, he said, small businesses are problem-solvers. Second, the government has now learned to become an enabler, not an inhibitor, by partnering up with small businesses.
"Doubling down on that partnership model is what it's gonna take to really keep that upward trajectory of small business growth on the right track."
Watch more: How can small businesses thrive after COVID?