Main Street

The three million businesses that line the main streets and side streets of the local economies. These businesses are diverse and include retail shops, small grocery stores, personal services such as hair and nail salons and spas, hardware stores, local contractors, restaurants, trade services such as plumbers and electricians, and small manufacturers and wholesalers. The health of these businesses is directly related to the health of the local economies in which they operate, which is why their success is vital to the communities they serve.

Slumping Retail Sales Signal Pain for Main Street’s Small Business Operators 
Slumping Retail Sales Signal Pain for Main Street’s Small Business Operators 
January 18, 2023  |  SMBs

The small businesses lining Main Street will feel a profit pinch as consumers’ wallets snap shut. Coming into the new year, these firms — the nail salons,...

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Banking-as-a-Service Helps Community Banks Grow Main Street Deposit
Banking-as-a-Service Helps Community Banks Grow Main Street Deposit
January 17, 2023  |  Banking

Banking-as-a-service will help community banks prosper in the digital age. Jeff Nowicki, vice president of banking at Treasury Prime, told PYMNTS in a recent interview...

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CPI Shows Main Street Small Business Price Hikes Successful, for Now
CPI Shows Main Street Small Business Price Hikes Successful, for Now
January 12, 2023  |  Economy

Inflation data — though a cooling down is evident — shows Main Street small businesses’ price hikes are sticking. At least for now. But the...

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More Than 1 in 10 Main Street Small Businesses Say No to Digital Innovation
More Than 1 in 10 Main Street Small Businesses Say No to Digital Innovation
January 06, 2023  |  SMBs

Despite macro headwinds, a small percentage of SMBs don’t plan to use tech to improve margins. As detailed in the report “Main Street Health, Q4 2022:...

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Will Consumer Confidence Drive Higher Spending at Main Street SMBs?
Will Consumer Confidence Drive Higher Spending at Main Street SMBs?
December 30, 2022  |  Economy

Consumer confidence is improving, but how quickly that translates into stronger spending remains unclear. As far as Main Street businesses are concerned, a bump in...

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Main Street Small Business Faces Fresh Tests as Recession Looms 
Main Street Small Business Faces Fresh Tests as Recession Looms 
December 23, 2022  |  Economy

Main Street SMBs can take a breather, having shown resilience during a year threatened by recession. The holiday season is winding down; the major gift-giving...

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Strong Labor Market Skips Main Street’s Small Businesses 
Strong Labor Market Skips Main Street’s Small Businesses 
December 16, 2022  |  SMBs

Between inflation and a tight labor market, retail’s small businesses can’t catch a break.  The U.S. economy added 263,000 non-farm jobs in November. This was roughly in...

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Main St. Small Business Sees Inflation ‘Hands Down’ as Biggest Challenge
Main St. Small Business Sees Inflation ‘Hands Down’ as Biggest Challenge
December 13, 2022  |  SMBs

Recent PYMNTS’ research found that inflation was 2022’s biggest challenge for small- to medium-sized businesses (SMBs). Main Street SMBs make up much of the U.S....

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Main Street Merchants Cling to Price Increases Amid Recession Fears
Main Street Merchants Cling to Price Increases Amid Recession Fears
December 12, 2022  |  Retail

Although inflation has eased from summertime highs, new research shows small merchants still very worried. According to a new PYMNTS study, “Main Street Health Survey...

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