This Federal Program to Aid Restaurants and Street Vendors Is Working

The German government has spent billions to keep small businesses and freelancers afloat during the pandemic. Entrepreneurs who qualified were sent funds, often within 2 business days, specifically for business-operating costs such as commercial rent. Some businesses are hoping for more support in the form of rent freezes depending on how long the lockdown continues while others lost out on funding by waiting too long. The program ran out of money but the government has announced additional aid packages.

Community banks in Wyoming were able to better serve local businesses in securing federal funds from the Paycheck Protection Program. The smaller banks were able to quickly pivot their staffing and operations need to process the overwhelming number of applicants, resulting in an approval rate of 100 percent in some counties. Personal connections in the smaller communities also led banks to work overtime and do everything in their power to help local businesses, in contrast to big banks which appeared to prioritize clients with higher net worth, according to reports.

Community banks in Texas have outpaced much larger national banks in approving and funding loans that are keeping businesses afloat during the pandemic-induced lockdown. The lone star state leads in the number of loans processed totaling $17 billion - saving a reported 200,000 jobs. Businesses in Texas have received more loans than any other state due to community banks that have been working around the clock. The banks have managed to approve as many loans as they typically would in an 18-month period.

A community in Guanacaste has turned to a bartering system during the coronavirus pandemic to help connect those who are out of work with the supplies they need to live. Similar to an existing program in France, the initiative "consists of being able to use barter or exchange services or products as a means of payment, avoiding the use of money due to lack of income."

The NYC-based campaign, Dumplings Against Hate, has raised tens of thousands of dollars for Asian Americans for Equality’s Emergency Small Business Relief Fund by bringing together a virtual community of support. As the COVID-19 pandemic picked up in early 2020, Chinatown restaurants and businesses saw a decrease in revenue because of xenophobia and racism, inspiring the group’s creation. Since then, it’s acted as a model for similar groups across the country, and is creating a toolkit for cities to create their own campaigns.

A combination of agencies, charities, and business owners have been working toward the goal of rebuilding Syrian cities by focusing on souks, or markets, dating back centuries. Bringing the souks back to life was a relatively easy reconstruction project, free of legal complications, and vital to the communities' return to normalcy. Sticklers for historical accuracy argue that the original medieval architecture of the souks is impossible to recreate, therefore rendering it "totally fake," but those who are more concerned with repatriating refugees and rebuilding war-town Syria disagree.

The New Communities Land Trust was created in the 1960s as a way to build power and equity for and among African Americans in Georgia. The Trust works with Black farmers on many different levels, including helping them strengthen their farming practices and businesses. While the Trust was lost in 1985 due to discriminatory bank practices, it was restarted with a $12 million settlement from the federal government.

Many small towns in rural Appalachia are struggling to adapt to the greater evolutions of the American economy away from the coal industry. But some places, like the little town of Hemphill in Kentucky, are using the opportunity to get creative with local enterprise and unite the community in launching new ventures. The Hemphill Community Center is now a central resource for launching new small businesses, arts and cultural events, and fostering shared resources and renewed growth for the town.

Redeveloping and repurposing unused real estate provides a path toward economic revitalization. With a combination of public and private grants, the nonprofit group, International Sonoran Desert Alliance (ISDA), has purchased and redeveloped real estate in the town of Ajo, Arizona. The renovated town plaza and Curley School complex contain retail spaces, artist studios, and even house community gardens of the Ajo Center for Sustainable Agriculture.

Development work is evolving beyond short-term mission trips and one-off donations into a more comprehensive, in-depth model that addresses long-term sustainability of a solution paired with empowerment of those being served. MicroConsignment is a unique branch of micro-enterprise being implemented by non-profit SolCom in Guatemala that provides individuals in rural villages the skills and resources needed to start sustainable businesses.