Member-only story
SMALL BUSINESS
Small Businesses Need Help More Than Ever
New data reveals COVID-19’s serious impact on the little guys
In a recent survey by the US Census Bureau, more than half of small business owners say the coronavirus pandemic has seriously damaged business operations. A third expect it to take six months or longer to return to normal sales levels.
The most recent Small Business Pulse Survey culls data from more than 22,000 small US companies across many sectors. It brings to light the real impact COVID-19 has had on local economies. Overall, 38.5% of businesses said the virus had a moderate effect on operations, while 51.4% said the impression was large.
Conducted April 26th to May 2nd, many questions were about the “past week.”
You can review by state and sectors defined by the North American Industry Classification System (NAICS). Two-digit codes identify primary sectors (see the list of codes here).
