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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