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New Report Says More Than 40% of Small Businesses Could Shutter In Six Months Over Pandemic

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At some point, America will have to open back up. But when she does, how bad are things going to look? Will many mom and pop shops be gone? Will they be able to reopen?

So many questions.

Check this out, via The Daily Wire:

In addition to record unemployment numbers, experts now predict that a “wave” of small business bankruptcies is on the horizon — and it could leave the United States with 40% fewer small businesses.

The New York Times reports that the United States Chamber of Commerce estimates “more than 40 percent of the nation’s 30 million small businesses could close permanently in the next six months” — a statistic entirely attributable to the coronavirus pandemic and ensuing lockdowns.

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Continued:

The economic consequences of such a mass business failure could last for “generations,” the NYT reports.

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And here’s more COVID-19 randomness, via Twitter…

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About the Author:
John Salvatore has been a Writer and Editor of multiple political blogs since early 2015. He earned his Master’s degree in Public Administration upon completion of a Bachelor’s degree in Political Science. A diehard Los Angeles Dodgers fan, John can be reached at [email protected]




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