The end of main street

Chris Skinner

What’s the future for our children and our … The post The end of main street appeared first on Chris Skinner's blog. Wondering about the future. Always wondering about the future. Thinking about where things are going. It’s the only thing we don’t know.

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To See What 'Normal' Looks Like, Watch Main Street SMBs

PYMNTS

And we need look no further than Main Street USA and Main Streets all over the world to see why. Main Street businesses are those that operate a physical storefront up and down the main streets and side streets of cities and towns all over the world.

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The Blueprint For Rethinking Main Street

PYMNTS

For the small shops and independently owned restaurants that line America’s Main Streets from coast to coast, the past eight weeks have been a difficult time leading toward an incredibly uncertain future.

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Two-Thirds of Main Street SMBs Got 2021 Sales Lift From Digital Payment Innovations

PYMNTS

That is how many of the small and mid-sized businesses on Main Street U.S.A. This is the conviction of 75 percent of Main Street SMBs, in fact, while 69 percent say that local residents must first be fully inoculated against the virus. One in four.

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Main Street Merchants’ Employment, Wages and Locations Near Pre-Pandemic Levels

PYMNTS

Main Street merchants remain resilient and are even thriving 18 months into the pandemic, but they're not quite back to "business as usual." As a result, Main Street's small to mid-sized businesses (SMBs) employ 1.4% Main Street Continues to Be Resilient.

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Facebook Tests Bringing Voice, Video Calls Back To Main App

PYMNTS

Facebook is trialing a program to let some users make voice and video calls on its main app, Reuters reported. The aim is to make it easier to place calls without using the standalone Messenger app, which was spun off from the main app several years ago.

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Main Street Lending Program Ends With Just $17.5 Billion Disbursed

PYMNTS

The Federal Reserve ’s Main Street Lending Program , intended to give support to small- to medium-sized businesses (SMBs) during the pandemic, has only disbursed $17.5 The Main Street program saw the Fed buying up 95 percent of the banks’ loans for a total of $16.59

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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

And as much as people may complain about the crowds in the stores or on Main Streets, they like being part of the hustle and bustle – and the energy it brings. Saving Main Street. Reimagining Main Street. Suburban Main Streets might get a boost.

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Data Brief: Main Street Services SMBs’ Wages 10% Higher Than Last Year 

PYMNTS

But through the past 18 months, we’ve found out just how resilient “Main Street” SMBs really are. In fact, as found in the latest SMB update, as part of PYMNTS' ongoing Pandenomics series, Main Street SMBs took about a year to recover, while other, larger brethren are still struggling.

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Fed Releases Main Street Program Lender List

PYMNTS

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). Borrowers are encouraged to ask their bank about Main Street loans in addition to those on the list.

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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

The boutique shops that lined Main Street USA, which got nearly all of their business face-to-face in their stores, expected that 2020 would be another great year. Coronavirus cash flow COVID-19 Karen Webster Main Feature Main Street News Revenue small businesses SMBs Stimulus Bill

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Tech & Flex: Main Street SMBs Prep for 2021’s Year-End Push

PYMNTS

worker must also pay homage to the flexibility of Main Street SMBs, that humble but mighty subset of the economy that, by PYMNTS' estimates, accounts for about half of the nation’s workforce. SMBs digital shift labor Main Feature News Technology

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Main Street Service Industry Wages Up 10% in Past Year

PYMNTS

But through the past 18 months, we’ve found out just how resilient “Main Street” SMBs really are. In fact, as found in the latest SMB update, as part of PYMNTS' ongoing Pandenomics series, Main Street SMBs took about a year to recover, while other, larger brethren are still struggling.

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FinTechs Help Main Street Find Its Footing

PYMNTS

With 90 percent of SMBs reporting that they have been negatively impacted by the coronavirus, according to PYMNTS research, it’s clear that Main Street cannot afford to sit idle. The consensus on Main Street, however, is that the old ways of doing business may be gone for good.

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NEW REPORT: Helping Main Street SMBs Close The Cash Flow Gap

PYMNTS

Main Street small- to medium-sized businesses (SMBs) are a barometer for the economic vitality and the health of the broader U.S. After all, a bustling Main Street signals new business opportunities and growth potential.

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Digital Experience in a Box Helps Main Street SMBs Bounce Back

PYMNTS

As the old way of doing business went out the window last year, Main Street stores shifted quickly to meet new consumer demand for convenience and comfort by embracing contactless and touchless technologies and by stepping up their online game.

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NEW DATA: Digital Lessons From Main Street’s 2021 SMB Survivors

PYMNTS

These measures had a swift and detrimental impact on the small- to midsized businesses (SMBs) with storefronts on Main Street U.S.A. Many Main Street SMBs have been closed in the past year, but others have managed to stay afloat.

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The Optimistic State Of Main Street On The Road To Recovery

PYMNTS

America’s small- and medium-sized businesses, particularly the mom-and-pop shops lining main streets and town centers, have shouldered through a very challenging 15 months of COVID-era lockdowns and restrictions that, at long last, appear to be coming to an end.

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Fed Adjusts Main Street Lending Terms To Help Small Businesses

PYMNTS

The Federal Reserve Board has modified the terms of the Main Street Lending Program (MSLP) to make it more obtainable for smaller businesses, according to a Fed statement on Friday (Oct. Loans federal reserve loans Main Street Main Street SMBs News What's Hot

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New Data: Inside Main Street SMB’s Digital Shift

PYMNTS

In Main Street On Lockdown: Business Recovery edition, we surveyed 431 SMB owners from across the U.S. Main Street On Lockdown: Business Recovery edition aims to understand why some SMBs are all-in on innovation, while others risk getting left in the dust.

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Proposed Bills Aim To Reduce Fines For NYC Main Street Businesses

PYMNTS

PYMNTS' June study , "After Vaccines: What Mass Vaccinations Mean for Main Street Merchants, showed that 88 percent of Main Street SMB owners have instituted new technology and other innovations. Regulation economy legal Legislation Main Street News regulations SMBs What's Hot

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PPP: Paycheck Protection or Main Street SMB Rescue Program?

PYMNTS

Commentary B2B B2B Payments Coronavirus cross-border payments Digital Payments Main Feature Main Street Mobile Payments News On The Agenda PPP loans relief payments SBA

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NEW DATA: Bank-Powered Loyalty Programs Could Help US Main Street Businesses Win 139M Customers

PYMNTS

American consumers are far less likely to shop with the mom-and-pop stores on Main Street than they are to purchase from mass merchants and national chain stores like Walmart , Costco and Target.

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The State Of Main Street In 2020’s Second Half

PYMNTS

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. That requirement of rapid change left many Main Street merchants deeply shaken and worried about their futures.

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Data Brief: 68% of Main Street SMBs Invested in Digital Innovations See Revenue Growth 

PYMNTS

The most recent “Digital Transformation of Main Street SMBs” report provides a sense of just how widespread the movement has been for smaller firms to innovate. See also: The Digital Transformation of Main Street SMBs. See also: The Digital Transformation of Main Street SMBs.

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The Main Street Rescue That Wasn’t (And Still Isn’t)

PYMNTS

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Economy economy loans Main Street News SMBs

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NEW DATA: Nearly Half Of Main Street SMBs Will Boost Business Investments As Vaccines Roll Out

PYMNTS

Small to mid-sized businesses (SMBs) on Main Street in the United States have had a challenging year, with the pandemic forcing them to dramatically shift how they provide services and sell products.

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Main Street SMBs Wax Optimistic On Surviving The COVID-19 Age

PYMNTS

Main Street businesses are optimistic about their longer-term survival — meaning that they believe their businesses will be around two years from now. That’s important, given the fact that Main Street SMBs are responsible for driving a significant portion of the economy, employing roughly 40 percent of the workforce. Payment Methods Coronavirus Main Feature Main Street Main Street 2021 News On The Agenda pymnts tv SMBs The Better Box video Visa Zoku Sushi

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More Main Street SMBs Face Permanent Closures

PYMNTS

But as is often the case during times of economic turbulence, the costs are being borne the most by Main Street SMBs that have been forced to furlough workers and close their doors (at least temporarily). Restaurants lead the pack among struggling Main Street merchants.

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The Road To Recovery: Main Street SMBs And Closing The Cash Flow Gap

PYMNTS

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation.

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Why Saving Main Street Will Take More Than Just More Money

PYMNTS

SMBs Coronavirus Digital Payments ecommerce loan payments Main Feature Main Street micro loans minority-owned businesses monday conversation News Opportunity Fund podcast PPP Retail

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Fed’s $2.3T Targets Governments, ‘Main Street’ SMBs

PYMNTS

the Fed also said it will support as much as $600 billion in loans slated for small to mid-sized businesses as part of the Main Street Lending Program. Loans Coronavirus COVID-19 Editors' Picks federal reserve Lending loans Main Street SMBs News relief small businesses SMBs stimulus

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Fights Over Loan Terms Delayed Main Street Lending Program

PYMNTS

Department of the Treasury and the Federal Reserve gave hope to small- to medium-sized businesses (SMBs) with the announcement of the Main Street Lending Program. Loans federal reserve loans Main Street Lending Program News SMBs terms Treasury Department What's Hot

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Saving Main Street: College Towns Deal With Economic Devastation

PYMNTS

Downtowns everywhere from Maine to California are dealing with varying degrees of economic and existential pain as a result of the pandemic, but nowhere is the pain as acute as in college towns. Economy college towns economy Main Street News Retail UMass

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Why Main Street SMBS Are Optimistic – And Why They Should Be

PYMNTS

It can be said, though, that the Paycheck Protection Program and the Main Street lending efforts from the Federal Reserve and other agencies have been, at best, mixed in terms of success. SMBs Coronavirus economy Main Street News PPP small business

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