The Fine Print: Small Business Hit Hardest By Pandemic Recession
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The Fine Print: Small Business Hit Hardest By Pandemic Recession

The smallest businesses are still waiting to see signs of an economic recovery.
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The smallest businesses are still waiting to see signs of an economic recovery. A January survey from the Federal Reserve’s Ninth District, which includes Minnesota, found that smaller companies saw the sharpest drops in sales. Half of all sole proprietorships, for example, reported revenue losses of 25 percent or more from the fourth quarter of 2019 to the fourth quarter of 2020. 

Small business deficit chart

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