Originally Posted at Institute for Local Self-Reliance
Most small businesses don’t have the credit and capital to weather the coronavirus pandemic. And the average small business has only enough cash in reserve to remain open for 27 days. For restaurants, it’s only 16 days; for retail shops, only 19. Being closed for weeks — or months — because of the COVID-19 pandemic will be devastating for hundreds of thousands of small businesses. Governments, foundations, and nonprofits everywhere are scrambling to help small businesses stay afloat during this crisis, but everyone can help. Here are some things you can do.
How You Can Support Our Locally Owned Businesses
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