Saving New York City s Small Businesses By Cheryl Wills and Debora Fougere New York City PUBLISHED 11:30 AM ET Mar. 14, 2021 PUBLISHED March 14, 2021 @11:30 AM
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The Mayor s Office for Small Business Services says two-thirds of the city s small business could close their door forever because of the pandemic. It is no secret that small businesses, the life blood of New York, employing nearly 52% of the city s workers, were decimated by COVID-19 and the lockdowns that came with it. Bars were closed, restaurants were only open for takeaway and delivery, shops were shuttered for months. And while some businesses were able to avail themselves of PPP loans, many of the smallest businesses were left out in the cold, their employees joining the ranks o