Small Business Stories: Navigating The Recession
Tight credit, falling home prices and high unemployment contributed to a high bankruptcy rate among small businesses in the state. Keanyn and Estella Gray know all too well that owning a small business in California is hardly smooth sailing.
December 1, 2009 KQEDIn California's San Gabriel Valley, Chip Masters, a company that assembles tortilla-making machines, has reduced its employees from 55 to nine to make ends meet. The company has also changed its business model and now repairs machines in addition to building new ones.
November 25, 2009 KUNCA provision in the federal stimulus bill waiving the closing costs of an SBA loan allowed a Colorado brewery owner to buy an additional beer fermenter, which increased the amount of beer he could brew. More beer led to more jobs and more customers, and now Kevin DeLange is looking for more space.
November 23, 2009 A Charlotte, N.C., construction firm is among an increasing number of small companies trying a strategy that makes the firing process a bit gentler. It's called "attached unemployment," a kind of temporary layoff aimed at softening the blow of job cuts.