Monday, June 15, 2020

COMMERCE IN THE TIME OF CORONAVIRUS -- Part 27


Main Streets, Business Improvement Districts and Downtowns Lead the Way
Crozier cited Brookings Institution data that found more than a quarter of small businesses are at risk of immediate shutdown and over half are vulnerable to severe disruption or shutdown.

The data showed women entrepreneurs and small business owners of color are particularly at risk.

“This crisis shows us exactly how much we value our local, independent Main Street businesses,” she said. 

“Without added and expansive federal action to preserve our small business economy, Main Street will wither, and Wall Street will seize an even greater share of our economy.

We run the real risk of corporate consolidation and monopolies being the only ones able to survive a prolonged crisis. 

If we want to support the small businesses that invest in their local communities, and provide good jobs, rather than extract from them we need to protect the backbone of our economy."


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