Via The Hill:
A third of small businesses in New Jersey have closed down in 2020, according to a report from The Star-Ledger newspaper.
“It’s really bad… And without federal dollars coming into New Jersey, the Main Street stores and other establishments are not gonna make it through the winter.” said Eileen Kean, the state director of the National Federation of Independent Business.
Harvard-based data project TrackTheRecovery.org estimated that 31 percent of businesses have closed down so far as of Nov. 9. This number is just above the national average estimated by the website. The New Jersey Business & Industry Association reported similar numbers, estimating 28 percent of businesses had closed down by October.
The newspaper notes that despite the holiday shopping season, business leaders are still concerned that the trend could get worse as stimulus talks stall on Capitol Hill.