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COVID-19 Impact on Small Businesses


GritForce COVID-19 Impact on Small Businesses

Small businesses are the core of America’s economy.


Small business provides opportunities for entrepreneurs, support local communities, and supply jobs for hundreds of employees. Local economies would come to a grinding halt without small businesses. Unfortunately, they are also the most vulnerable businesses, even before the worldwide pandemic struck.


COVID-19 has taken the lives of over 200,000 people in the United States since March, and it doesn’t appear to be slowing down. This is an invisible threat like we’ve never seen before; an easily transmissible virus that can be carried asymptomatically. Aside from its impact on public health and safety, it has also had disastrous economic consequences.


Economic Consequences


The measures that are necessary to prevent the spread of a deadly virus are also measures that cripple businesses, especially small ones. As scientists learn more about the novel coronavirus, they have continued to release information about proper safety precautions. Social distancing, face masks, quarantines, lockdowns, and avoiding indoor spaces drastically affect the way businesses operate. Stores and restaurants have had to limit their occupancy, enforce face masks, make ample room for social distancing, set up plexiglass, and more, just to keep up.