What the Great Recession can tell us about the COVID-19 small business crisis
An analysis of how the COVID-19 recession is uniquely damaging to small businesses, especially those relying on foot traffic and social interaction.
In 16 large metro areas, small businesses were responsible for more than 90% of net job loss during the Great Recession, say
. Among the metro areas that were hit hardest included Philadelphia, Fresno, Calif., and St. Louis, Mo..