Bause Catering Joins in Business Challenges Discussion
POTTSTOWN PA – Erin Bause and her Pottstown-based catering business, Bause Catered Events at 170 Oak St., is scheduled to be among participants Monday (Oct. 18, 2021) in a public discussion with Montgomery County Congresswoman Madeleine Dean and other women-owned small business owners about challenges they continue to face on the road to economic recovery.
The event is part of bipartisan presentations being offered nationwide by investment banking company Goldman Sachs, called the “10,000 Small Businesses Voices ‘Road to Recovery’ Series.” It intends to connect elected officials with small business owners, it said, for “the opportunity to listen and learn from (them) directly about challenges they are facing coming out of the pandemic.”
Bause and several small business colleagues will discuss challenges that include labor shortages, supply chain issues, access to capital, and ongoing problems caused by the pandemic. The round-table also includes Montana Graboyes of Graboyes Aluminum Co. in East Norriton, Silvia Lucci of Luhv Food, Michaela Malloy of KeyPoint Construction in Fort Washington, and Lauren Schwartz of Techwise Group in Conshohocken.
A recent national survey from Goldman Sachs found that:
- Nearly half (48%) of female-owned small businesses are struggling financially due to the continued impact of COVID-19, compared to 39% of male-owned small businesses;
- 47% of female small business owners report having less than three months’ worth of cash on hand;
- Among Black women, 58% report continued financial struggles and expect to need to take out a loan for their business, compared to 27% of male-owned small businesses;
- 56% of women owners reported that either they or their employees faced mental health issues as a result of the pandemic;
- 70% of women under 45 said they or their employees have experienced mental health issues;
- Only 18% of women feel they can afford to provide sufficient mental health resources to employees;
- 57% of female small business owners under the age of 45 said a return for kids to remote learning would make it difficult to retain employees;
- Only 25% of female small business owners who applied for federal contracts say they were awarded a contract, compared to 37% for their male counterparts; and
- Only 9% of female small business owners who have applied for a federal contract think there is a level playing field.
Monday’s activities include a morning tour by Dean of Bause Catering’s facilities, followed by her meeting with the business owners.