The Trump Effect on Small Businesses

The transcript discusses the impact of COVID-19 on small businesses, highlighting over 80,000 closures. It emphasizes the economic role of firms with fewer than 500 employees and outlines the Trump administration's agenda to create 1,000,000 new small businesses. The pandemic's disproportionate effect on minority communities is noted, with increased job exposure and economic risks. Pre-COVID-19 job creation efforts, particularly benefiting women and minorities, are also mentioned, along with the introduction of opportunity zones to tackle poverty.

What percentage of U.S. economic activity is accounted for by firms with fewer than 500 employees?

What plans did the Trump administration have regarding small businesses during its second term?

What was the effect of the pandemic on minority communities according to the text?

How many jobs were created pre-COVID-19, and what fraction of them went to women, African Americans, and Hispanics?

What major effort was introduced to tackle poverty in a generation?