The Former Starbucks CEO on Why America Needs a Better Plan for Small Businesses
He calls for a comprehensive strategy like the Marshall Plan
Howard Schultz, the former Starbucks chairman and CEO, on why America needs a Marshall Plan for small businesses during the pandemic:
Pouring an additional $310 billion into PPP alone, as Congress has agreed to do, is not sufficient. We need a Marshall Plan for small businesses that begins with providing federally backed loans that cover what it will cost businesses to reopen and reinvent themselves for the COVID economy. These expenses include things like buildouts in workplaces and retail spaces to accommodate social distancing; regular virus testing for customers and employees; hiring and training; reconnecting or redeveloping supply chains; and converting products and services to meet evolving customer demands.
Read his full piece below.