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  • Massachusetts Small Business Recovery Survey

    Small businesses in Massachusetts have suffered serious damage due to the COVID-19 pandemic, a new survey has found, with just one in three reporting they are fully open. Financial results for the first half of the year show the scale of the challenge, with 64% of small businesses reporting drops in gross revenue of 25% or more for the first half of 2020. Nearly half (46%) of small businesses say they have laid off or furloughed employees, including 77% of restaurants. Businesses owned by women and people of color have been hit particularly hard and report greater financial losses.

    That’s according to a new survey of small businesses released today by The MassINC Polling Group. The survey was sponsored and distributed by a large group of business and community organizations across     Massachusetts. The survey included targeted oversamples of businesses owned by women and people of color.

    The poll was released during a forum on Thursday July 23, from 11:00 – 12:30. In addition to a slide presentation of the survey’s key findings, the forum included comments from Housing and Economic Development Secretary Michael Kennealy and MassINC Transit Oriented Development fellow Dr. Tracy Corley.

    “This survey offers the deepest look we have at what our    state’s small businesses are going through during the pandemic, showing the size and shape of the challenges and mapping the road ahead,” said Steve Koczela, President of The MassINC Polling Group.

    The survey was developed and distributed by a coalition of small business and economic development groups, spearheaded by Amplify Latinx and the Lawrence Partnership. “We engaged an expansive network of     sponsors and partners from across the Commonwealth to distribute this survey to small businesses,” said Derek Mitchell of the Lawrence Partnership.

    Please click on link below for survey presentation.

    MassInc Small Business Survey