18 Million Jobs At Risk Of Permanent Loss: What Happens To Small Businesses When The Bailout Money Is Spent

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American small businesses are going to bear the brunt of the COVID Crisis and they employ 47% of the entire US workforce. Some will bounce back quickly (e.g. health care, construction, professional services) but accommodation/food service and retail will not. There are 18 million workers attached to small businesses there. Bottom line: at this early point in the cycle, large businesses have to find their footing because that’s what will set the floor on small business activity. The sooner that happens, the sooner small business America can start to recover.....