But there are many caveats in the Fed’s data. Specifically, permanent business closures, which are hard to distinguish from temporary closures, were not evenly distributed across all industries. For example, clothing stores experienced elevated exit rates, while grocery store closures tracked below normal levels in retail.
Further, 60% are classified as “extremely small firms” with fewer than five employees, while 91% have fewer than 20 employees. Less than 1% have 500 or more employees. Now in response to the devastation caused by the pandemic, American Express recognized that a one-day event doesn’t cut it anymore. “Summer weekends are so important for small businesses,” Frye states. “So we are going to encourage shoppers to shop small and support business in their communities over the weekends, even if they are traveling.”
Many small businesses do not take American Express as they pay too slow and charge too much in fees!
Why is the 7th Circuit Appellate Court protecting, defending, working in concert with the DOJ and their deliberate violation of the Whistleblower Act of 2013, amended 2016? This is a black man's experience.
wow