“Smaller companies will be hit harder than large ones because of their limited access to credit and less cash in the bank,” wrote Nelson D. Schwartz in the New York Times. “There will be a swath of small businesses that simply won’t be able to survive this,” he quoted Ellen Zentner, chief US economist at Morgan Stanley.
We all know that the backbone of our economy is small businesses — but also freelancers (certainly the backbone of BEAHIVE’s membership; the remainder are remote workers).
“More than one-third of the American workforce works independently — more than 50 million people — and they contribute an estimated $1 trillion to the country’s GDP,” says Freelancers Union executive director Rafael Espinal. “Our numbers are growing, and government must recognize freelancers as members of this country’s thriving small business community.”
In fact, as I’ve written about, the majority of the US workforce will be freelancers by 2027.
But much of the coronavirus aid being bandied about in Washington and Albany will directly support employees and corporations. Small businesses and self-employed freelancers are left to mostly fend for ourselves.
So, we’re doing some of the research for what support is available. Here’s a compilation that we’ll update as the situation evolves. (If you have anything to add or edit, let us know.)
For more please see: https://beahivebzzz.com/blog/2020/03/support-for-ny-freelancers-entrepreneurs-in-the-time-of-coronavirus/