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How Coronavirus Stimulus Could Shape Startup Culture in 2021
We’ve already seen three direct payments and countless PPP loans for individuals and small businesses, but further Coronavirus stimulus could completely redefine the startup landscape in 2021 and beyond.
As a serial entrepreneur, I’ve benefited from the fact that all of my business ventures started before the COVID-19 pandemic. I’m also extremely fortunate that two of my largest endeavors thus far, The Doe and Dormzi, are both digital companies that have adapted well to the Coronavirus pandemic and subsequent safety regulations. Sadly, many entrepreneurs and small business owners have not been so lucky.
It goes without saying that Coronavirus had a devastating effect on businesses in 2020, particularly small businesses and startups. Many entrepreneurs had to put their dreams on hold or completely throw in the towel. Moreover, businesses that had been running smoothly for years suddenly found themselves with virtually no cash flow. Partisanship in Washington D.C. delayed the first round of Coronavirus stimulus, forcing thousands of these businesses to close their doors in the process.
Since then, the government has strengthened its commitment to helping small businesses and individuals struggling to make ends meet during the pandemic. Under the Trump Administration, the CARES Act appropriated…
