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The smaller strip malls in my area might be 25% "essential" services like restaurants. The rest are shutdown by order of the government as "non-essential" - pla
by cmurf 7y ago
The smaller strip malls in my area might be 25% "essential" services like restaurants. The rest are shutdown by order of the government as "non-essential" - places like barbers, hair and nail salons, yoga, gyms, cell and electronics, shoes, spas, luggage, on and on, and replicated over and over again. These small businesses aren't paying any rent, they have no meaningful reserves.
30.2 million small businesses in the U.S. And the Payroll Protection Program is $350 billion, is $11,666 on average. For two months. For rent and payroll. It's not enough by a long shot.