Economicย Newsย
PPP Was a Lifeline for Very Small Businessesย
New data onย theย Paycheck Protection Programย loans issued by theย Small Business Administrationย shows businesses with three or fewer employees that would not normally have access toย SBAย loansย benefitted greatly.ย Some experts have credited the ability for sole proprietors and very small businesses to access loans directly, rather than through multi-layered government distribution channels, as a key factor in their continued survival. (Source)ย ย
Crisis Has Helped Some Property Managers Growย
Despite theย massive upheavals to personal and work life, some property managers who were able to embrace pandemic-generated opportunities could find growth. Online course enrollments through theย Institute of Real Estate Managementย were up 30ย percentย year-over-year, and the wide scale deployment of new communications tools provided a chance to break old habits and make better use of time and interactions. (Source)ย
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