Philadelphia’s Small Businesses Are Struggling—Can a New $5 Million Fund Help?

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Philadelphia’s Small Businesses Are Struggling—Can a New $5 Million Fund Help?

By James Williams, Editor Small businesses are the backbone of our communities, but many across the Delaware Valley are facing financial hardships. According to the Federal Reserve of Philadelphia, 57% of small business owners in the region said they weren’t on solid financial ground in 2023. This marks the second year in a row where the majority of small businesses in the area reported fair or poor financial conditions.So, what’s causing the st…