Small business owners in Maryland and across the country are reporting inflation and supply chain disruptions are impacting their businesses in big ways. Small businesses play an important role in our national economy, with small businesses making up more than 99% of all of Maryland businesses, and nearly half of all of Maryland’s employees being employed at one, according to the U.S. Small Business Association. According to new research from Bank of America, small business owners are facing market-driven and operational challenges, like inflation, supply chain issues and labor shortages.
Eze: Md. small businesses can rise to the challenge
June 17, 2022