Posted on 01/12/2021 7:16:39 PM PST by frogjerk
The spring shutdowns delivered a gut punch to owners of businesses from salons and daycare centers to tattoo parlors.
At the onset of the pandemic 140,104 were marked temporarily closed on Yelp.com, but by August that had fallen to 65,769. That drop, however, is not entirely driven by businesses reopening; instead, many have simply gone under. More than 97,966 businesses have permanently shut down during the pandemic, according to Yelp.com's Local Economic Impact Report.
And it may only get worse.
While many parts of the economy have begun to hum again, many small businesses are still struggling and report needing further economic aid and stimulus to survive.
In fact, "if economic trends continue at this rate, one in five business owners anticipates they won’t make it until the end of the year," Kevin Kuhlman, the vice president of federal government relations for the National Federation of Independent Business (NFIB), a nonprofit small-business advocacy group, recently told Fortune.
(Excerpt) Read more at fortune.com ...
They are so screwed.
Admin,
Please change title to “Nearly 100,000 establishments that temporarily shut down due to the pandemic are now out of business” - I screwed up
There must be bodies everywhere.
bookmark
This is what happens when you have morons in government — Democrats and Republicans alike — who never earned an honest living outside government.
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