Fall and Rise of Small Businesses

Race, Government Aid, and Growth After the Pandemic

Häftad, Engelska, 2026

396 kr

Kommande

Beskrivning

What happened to small businesses, government aid, and racial inequality during the pandemic and subsequent economic recovery.The Fall and Rise of Small Businesses provides the first comprehensive analysis of the plight of small businesses, social distancing restrictions, racial inequality, government aid, and broader measures of the US economy during the pandemic and economic recovery. Robert Fairlie weaves evidence from the most up-to-date data on business activity, as well as novel data on PPP receipt and business outcomes recently released by the US Census Bureau, to tell a compelling story of what happened over one of the most important and disruptive five-year periods of economic history—from the first cases of COVID in the United States to five years later in the recovery.Although small businesses were severely affected by mandated social distancing restrictions to slow the spread of COVID-19, business activity has more than recovered five years later. The economic recovery has been strong, especially for Black, Latinx, and Asian business activity. But retail trade and restaurants have not fully recovered, leading to a visible struggle in many shopping districts and downtown areas. Though the federal government pumped roughly a trillion dollars into aid for small businesses, we have yet to see a complete picture of the costs and benefits of these expenditures. AI, robots, and consumer trends make predictions even more challenging, but the new findings in this book will be key in helping policymakers, business leaders, and small business owners move forward.

Produktinformation

Utgivningsdatum:2026-08-04
Mått:152 x 229 x undefined mm
Vikt:369 g
Format:Häftad
Språk:Engelska
Antal sidor:302
Förlag:MIT Press Ltd
ISBN:9780262054751

Utforska kategorier

Organisation och ägarskap inom Ekonomi och Ledarskap

Mer om författaren

Robert Fairlie is Distinguished Professor at UCLA and a member of the National Bureau of Economic Research (NBER). He has testified in front of the US Senate, US House of Representatives, US Department of Treasury, and the California State Assembly, and was honored with Joint Resolution #1066 by the California State Assembly and Senate. He is the coauthor of Race and Entrepreneurial Success and The Promise and Peril of Entrepreneurship (both MIT Press).

Recensioner i media

ENDORSEMENTS"Small businesses were hit hard during the pandemic, but this book shows how they adapted, survived, and helped drive the recovery. It’s essential reading for anyone serious about building a stronger, more inclusive economy.”—Jimmy Gomez, U.S. House of Representatives“COVID-19 upended main streets nationwide, prompting governments and communities to prioritize small business survival. Robert Fairlie offers an analysis of these efforts, highlighting key outcomes and considerations for strengthening future response and resilience.”—Honorable Isabel Casillas Guzman, 27th Administrator of the U.S. Small Business Admin-istration; Founder and President, Avenida Advisors“Small businesses, especially those owned by minorities, were decimated by the COVID-19 pandemic, but they staged a remarkable rebound. This engaging, fast-moving, and meticu-lously researched volume describes this experience and distills important insights on small business dynamics and potential policy levers.”—James Poterba, Mitsui Professor of Economics, MIT; President, National Bureau of Economic Research“The federal pandemic response was impressively quick, large, and imperfect. The compre-hensive analysis in this book is a must-read for those interested in effective policy for small businesses . . . especially before the next crisis.”—Cecilia Elena Rouse, President, Brookings Institution; Katzman-Ernst Professor in the Economics of Education, Princeton University; Chair of the Council of Economic Advisors, 2021–2023