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Tuesday, April 21, 2020

US Chamber Poll: 1 in 10 Businesses Less Than Month Away From Closing Permanently

The president of the U.S. Chamber of Commerce on Sunday said its latest poll shows a "terrifying" fact that one out of 10 members say they’re less than a month away from permanently going out of business.

In an interview on CBS News’ “Face The Nation,” chamber head Suzanne Clark said the poll also showed “something like 50% of small businesses say that they were eight weeks away from closing forever.”

“It's really terrifying these numbers,” she said.

“And so that's why these bridge programs are so important. But also why it's so important that we start to think about reopening in a gradual, phased-in way.”

“We know that certain regions were hit harder than others,” she continued. “We also know that there were certain regions that weren't hit as hard. We know that certain sectors… will have a harder time coming back. But there are other sectors that may be able to open.”

She said in the end, getting businesses open will be the determinant of how effective the economic recovery is.

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8 comments:

  1. Hopefully the dedicated, brave patriots of our Country will not let this happen, but will continue to rise up and return to their businesses regardless of what “Big Brother” is doing. That is the only way our economic base will be salvaged and their businesses saved. They can immediately expect business from me and my family.

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    1. Probably with no mask on either.

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  2. I bet those Muslim owned ones in OC do just fine.

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  3. Small businesses need to light up senate bank chairman Mike Crapo’s phone and demand why he’s allowing big banks to give big companies the money meant for small businesses.

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  4. I for one will not patronize big restaurants if I can possibly do so such as Ruth's Chris etc. I patronize very good small restaurants and do hope they come back.

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  5. 10:57 yes probably selling untaxed cigarettes in New York again.

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  6. You are a fat, fascist asshole and I hope your business fails.

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  7. You are a fat, fascist asshole and I hope your business fails.

    ReplyDelete

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