Covid-19 Having An Impact On Small Businesses
March 24, 2020 5:48AM CDT
(Farmington) A national survey says about 76 percent of small businesses, including ones in Missouri, are negatively impacted by the COVID-19 outbreak.
The National Federation of Independent Business survey says the figure represents a dramatic escalation from less than 25 percent in a previous survey 10 days ago.
The survey finds about five percent of businesses are positively impacted.
Missouri N-F-I-B Director Brad Jones says the new study highlights in a dramatic way just how many Missouri small businesses are going to hurt by this unprecedented economic disruption.
He says about 120 thousand small businesses in Missouri have less than 10 employees.