Mid-year 2020 survey highlights jobs-based impact of portfolio companies nationwide
Advantage Capital surveyed 183 small business portfolio companies on their economic, social and community impact during the first half of 2020. Even with the economic challenges related to the global pandemic, these small businesses supported more than 13,000 jobs across 17 industries, and anticipate hiring another 2,365 before July 2021. Mid-year 2020 job retention findings mirror mid-year 2019, with companies preserving 47 jobs each, on average.
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Mid-year 2020 survey: Advantage Capital portfolio company jobs-based impact (Graphic: Business Wire)
“Given the sobering realities of the global health crisis and resulting economic turmoil, this is one of the most important surveys we’ve ever run,” said Sandra M. Moore, chief impact officer at Advantage Capital. “We invest in tough times and tough places – where loss of a paycheck even over short