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Lessons From Past Recessions

Success

For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Beef up your emergency fund.

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Meet the Christmas Tree Farmers Keeping the Spirit of Christmas Alive

Success

Piper Mountain Christmas Tree Farm Newburgh, Maine Piper Mountain Christmas Tree Farm owners Molly and Jesse Jimerson took over their parcel in 2022, but the farm has roots dating back to 1978, when now-retired Jim and Norma Corliss founded it. “It It looked like a Hallmark movie. They’ve filmed several holiday films on the property.

Holidays 300
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Want to Reach Your Potential? Be a Learner

Success

“In broad terms, millennials get it, get that education is key to a better life and that education doesn’t necessarily stop when you get your first piece of paper, your first degree—you keep going,” says Liz Weston, a nationally syndicated personal-finance columnist. “I They’re not waiting for an employer to take care of them.”.

Skills 301
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Financially Challenges Millennials Changing Society

Small Business Labs

 Key quote: Since 2008, the year Lehman Brothers collapsed and home prices dropped precipitously, there has been a steady increase in the number of people ages 18 to 34 renting instead of buying homes. 50% of Millennials do not believe that Social Security will exist when they reach the age of retirement. USA Today ].

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Foreign Born in the US Workforce

Small Business Labs

  This is little changed from 2008, but up from 14.5%   Again, this is little changed from 2008 but up from 49% in 2004.  .  Foreign born workers comprise about 15.5% of the US civilian labor force, or about 23.9 million workers.    Hispanics make up just over 50.5% of foreign born workers. 

2004 100
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More on the Growth of Small Farms and Local Food

Small Business Labs

  Key quote from the article: "Under the Obama administration and the 2008 farm bill passed by Congress, the USDA is shifting attention to small and mid-size farms, encouraging organic and sustainable agriculture, and investing in projects to bring locally grown meat and produce to consumers. Having trouble reading this image?

2010 100
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An Overview of the Non-Profit Sector

Small Business Labs

.  Most of the data on non-profits pre-date the recession, so we don't have a good sense of its impact on the number of non-profits.    Donation data is more current and fell 5.6%   It likely fell again in 2009.    But we don't think this resulted in a decline in the number of small non-profits. 

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