COMMERCE IN THE TIME OF CORONAVIRUS -- Part 3

Main Streets, Business Improvement Districts and Downtowns Lead the Way

Baux quoted NMSC’s Main Street Small Business survey that underscored the simple fact that minimizing permanent business closures is critical to downtown and district recovery.

“Small business financial assistance programs should not only address revenues, but expenses as well. The survey reveals 60 percent of respondents have less than 5 months remaining of likely business survival. 

Thus, there is the need to not only address the revenue side of the income statement but find ways to reduce expenses,” the survey states.