Main Street business failure fears rise again in pandemic whipsaw

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Small business owners have faced a bit of whiplash over the last year as Covid-19 swept the nation, with restrictions leading to closings, reopenings and limited operations in markets across the country at the discretion of state and local leaders.

New data from the Q1 2021 CNBC|SurveyMonkey Small Business Survey finds that experiences of Main Street entrepreneurs reflect this period of unpredictability.

While just over than half of small business owners say they have been able to remain open throughout the pandemic, 20% of small business owners say their businesses shut down temporarily as a result of the pandemic and have since reopened, but only at limited capacity. In addition, 10% of small business owners say they’ve shut down and have yet to reopen. Another 4% say they’ve shut down, reopened, and then shut down again.


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