The Impact of COVID-19 on US Entrepreneurship

Management professor Jorge Guzman explains why allowing new businesses access to relief funds will play an essential role in an economic recovery. Close-captioned.

Entrepreneurship & Innovation

While the US Small Business Administration’s $349 billion Paycheck Protection Program has helped some small businesses maintain payroll and cover their mortgage and rent payments, additional relief funds for entrepreneurial ventures could assist economic recovery efforts in the coming months.

Management professor Jorge Guzman and co-authors Catherine Fazio of Boston University and Scott Stern of MIT wrote in a recent Forbes article that small business owners forced to close due to the COVID-19 crisis need the opportunity to start again.

In this video Guzman shares research from the Start Up Cartography Project, which compiles state-level data on business registrations, and forecasts trends for entrepreneurship nationwide.

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Rise to the challenge.

The COVID-19 pandemic has changed the world of business, while bringing historical inequities and injustice into sharp relief.

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