Five Takeaways From the Small-Business Relief Mess
April 30, 2020
Many of the U.S.’s 30 million small businesses haven’t been able to get the relief they need since the coronavirus pandemic prompted shutdowns. If the crisis continues, roughly 3.5 million could close permanently over the next two months, and almost 7.5 million could close for good over the next five months, according to a report released on April 9 by Main Street America, a network comprising approximately 300,000 small businesses. The report estimates 35.7 million people employed by those businesses are at risk of losing their jobs.