The fast-spreading COVID-19 pandemic emphasized that global businesses need to be more resilient in their international production structures. Few businesses are prepared to deal with the unexpected, according to a new paper from Florida International University’s College of Business (FIU Business). Researchers found that strategies that favor redundancies in the configuration of assets across a […]
As small businesses impacted by the COVID-19 pandemic struggle to hang on, the Florida SBDC at FIU Business (FSBDC) has helped owners in Miami-Dade and Monroe counties navigate disaster assistance programs, getting funds into the business’ hands and developing strategies to weather the crisis. As of June 18, 2020, the FSBDC has helped 273 local […]
South Florida dentist Nolyris Alvarez is cautiously optimistic. Her dental practice, Oral Facial Comprehensive Care, has begun a slow recovery from the COVID-19 crisis. Payment arrangements are set with creditors. Patients are going to the dentist again. Many of her employees returned. But costs continue to increase, and monthly billings are down between 30 and […]
As small businesses impacted by the COVID-19 pandemic struggle to hang on, the Florida SBDC at FIU Business (FSBDC) has helped owners in Miami-Dade and Monroe counties navigate disaster assistance programs, getting funds into the business’ hands and developing strategies to weather the crisis. As of June 2, 2020, the FSBDC has helped local businesses obtain $24.1 million in […]
UNICOMM Paging & Cellular, considered an essential business, wasn’t ordered to close amid the coronavirus pandemic. But it may as well have, as stay-at-home orders kept customers away and sales plummeted? “Our company is brick and mortar retail, and we depend on door swings,” said Sam Brejt, CEO of UNICOMM. “Sales were down 80 percent […]
From construction projects to office rentals to housing, COVID-19 has delivered a hard hit to the real estate market in South Florida, according to an FIU Business Hollo School panel of real estate experts. The live presentation was held May 10, 2020 via Zoom. The road ahead is long, and the recovery will be slow. […]
Amid increasing challenges, small businesses impacted by the COVID-19 pandemic try to plan for an uncertain future. The Florida SBDC at FIU Business (FSBDC) has obtained $20.8 million in assistance for businesses in Miami-Dade and Monroe counties as it works with them to redirect their strategy and resources as the economy slowly opens. “Our team […]
As U.S. shoppers, panicked by COVID-19, have stockpiled food, hand sanitizer, toilet paper, meats and other essentials, retailers are still unable to keep enough merchandise on their shelves. The coronavirus pandemic has strained supply chains like never before. “The excessively high demand at the retail level sucked up all the inventory available in the chain […]
The COVID-19 pandemic has increased the need for non-traditional forms of healthcare, and telemedicine is one of the leaders. Following the steps of the Centers for Medicare & Medicaid Services (CMS), major insurers have agreed to cover a wider range of telemedicine consultations during the outbreak. Blue Cross and Blue Shield, United Health, and Anthem […]
As federal and state options for small business assistance evolve, the Florida SBDC at FIU Business (FSBDC) continues to provide much-needed help in sorting through available programs and guiding businesses toward solutions. As of April 10, 2020, the center helped local businesses obtain nearly $4.5 million in Florida Small Business Emergency Bridge Loans, which provide up to […]
