Tags: Coronavirus | small businesses | bloodbath | competition

Survey Warns Lockdown Triggering a Small-Business Bloodbath

Vacant storefronts at a strip mall on Atlantic Blvd. amid the global coronavirus COVID-19 pandemic, Saturday, April 11, 2020, in Monterey Park, Calif. Some small businesses may not be able to recover, a recent survey says. (Kirby Lee via AP)

By    |   Tuesday, 14 April 2020 03:46 PM

A survey of 5,800 small businesses across the country shows 43 percent have temporarily closed due to the coronavirus pandemic — and if the crisis drags on too long, many of them will never reopen.

“This represents a shock to America’s small firms that has little parallel since the 1930s,’’ stated the report by the National Bureau of Economic Research, a nonprofit research group.

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A survey of 5,800 small businesses across the country shows 43 percent have temporarily closed due to the coronavirus pandemic — and if the crisis drags on too long, many of them will never reopen.
small businesses, bloodbath, competition
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2020-46-14
Tuesday, 14 April 2020 03:46 PM
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