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Nearly one-third of NY, NJ small businesses reportedly closed in 2020 – Investment Watch

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by DCG

At the on-set of the Wuhan virus, bureaucrats mandated lockdowns – except for “essential” businesses. That typically meant the big box stores: Home Depot, Lowes, Wal-Mart, etc.



The businesses that are “essential” for many trying to make a living were shutdown: The mom-and-pops, small businesses, restaurants and many locally-owned service provider companies.


As we enter month nine of the Wuhan virus, more lockdowns are expected. Again, big box retail that is deemed “essential” will not face any lockdowns.

The results are devastating for the lives of so many small business owners.

According to the NY Postnearly one-third of small businesses in New York and New Jersey remain closed since January amid the coronavirus pandemic.

From the NY Post story: In the Empire State, 27.8 percent of small businesses have not reopened their doors, while Jersey has lost 31.2 percent as of Nov. 16, according to TrackTheRecovery.org, a Harvard-run database that keeps tabs on the economic impact of the virus.

More than half of small businesses in both states were forced to shut their doors in the spring at the height of the pandemic, with both hitting highs in mid-April — 52.5 percent of New York businesses and 53.9 percent in the Garden States, the stats show.

New Jersey Gov. Phil Murphy said Sunday that a new lockdown is “on the table” again, which could spell more bad news for business owners.

And New Jersey isn’t the only state suffering — the national average is 29.8 percent, The Hill reported.”

Read the whole story here.

You have to wonder why the bureaucrats were/are so quick to shutdown American small businesses for a virus that has a 99%+ survivability rate (vulnerable demographics excluded). Especially when many of the bureaucrats violated their OWN Wuhan virus mandates and allowed the BLM/Antifa protests to continue throughout this pandemic.



DCG



















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