“Researchers at Harvard believe the rates of business closures are likely to be even higher. They estimated that nearly 110,000 small businesses across the country had decided to shut down permanently between early March and early May. It could take up to a year before government officials know the true toll. Small businesses account for 44% of all U.S. economic activity, according to the S.B.A., and closures on such an immense scale could devastate the country’s economic growth.” The Van Trump Report, July 15, 2020, Kevin Van Trump quoting a story from New York Times.
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