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COVID-19 may wipe out 75% of North Carolina's 20,000 restaurants | Business


Small independently owned restaurants are facing an extinction level event as we move deeper into colder months and the coronavirus spread reaches all-time highs. Without immediate financial aid, over 75% of the state’s 19,504 eating and drinking locations are in danger of closing permanently.
Since the COVID-19 pandemic began in March, 17% of restaurants throughout the country (or about 110,000 establishments) have closed either permanently or long-term and 10,000 restaurants have closed over the last three months alone. As for the 10,000 restaurants that have closed over the past three months, the majority had been well-established in the industry for years, and on average, had been in business for 16 years. ....

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