One-Third of Small Businesses in Illinois Have Closed Due to the Pandemic

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Illinois: An analysis from the nonpartisan Illinois Policy Institute found that 35% of small businesses, the main job providers in the state, are now closed compared to before the pandemic. Covid restrictions tended to be tighter population-dense areas. The analysis showed 50% of small businesses in the food services and accommodations industry and 51% in the leisure and hospitality industry have closed. Businesses that are still standing fear tax increases.

Businesses of all sizes have struggled during the COVID-19 pandemic, but it has been especially difficult for smaller businesses.

Using data from the Opportunity Insights Economic Tracker, a project of Harvard University, an analysis from the nonpartisan Illinois Policy Institute found that 35% of small businesses in Illinois are closed now compared to before the pandemic.

Bryce Hill, a senior research analyst with the think tank, said there are two main reasons for the closures.

“No. 1, population-dense areas have been more drastically affected by COVID-19, and there are also going to be economic realities of mitigation measures that were put into place in Illinois that may have been tighter than in some other areas,” Hill said.

The analysis also showed 50% of small businesses in the food services and accommodations industry and 51% in the leisure and hospitality industry have closed. These were the most affected sectors in Illinois.

Over 38% of small businesses in the educational and health services industry are still closed, the sixth most in the nation.

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Craig Miller
Craig Miller
1 month ago

No businesses closed due to a pandemic. They closed due to Democrat, media and swamp (I repeat myself) lies to shut down the Trump economy, and institute the NWO police state.

Occams
Occams
1 month ago
Reply to  Craig Miller

Stop kidding yourself, This ‘script’ was enacted to hide the Collapse (by Aug ’19 I KNEW there was going to be a ‘new 9/11′ – and by October, I heard ex-Special Forces vet’ Mike Glover, on a podcast, this would all be hidden behind a virus-scare – ‘like how I was trained), and EVERYONE is in on it, including your sainted Israel-puppet, Trump, who’s ‘Warp Speed’ project is assuring a massive depopulation agenda moves forward. To which I HEARTILY CONCUR. Only thing Trump did right; Helping to rid the country of idiot mask-wearers and vax-cravers for a silly flu. Maybe… Read more »

truth-out.png
Ed
Ed
1 month ago

If you are looking for a $1M house, in Illinois, make an offer of $500K You’ll get it. Thing is, THEN you have to pay the damn outrageous property tax and insane state income tax rates. “Blew” state. Game over. People are saying “adios” to what was once a great state.

Occams
Occams
1 month ago

‘One-Third of Small Businesses in Illinois Have Closed Due to the Nonexistent Pandemic’
There. Fixed it

Occams
Occams
1 month ago

Some ‘pandemic’:

CDC Comes Clean; ‘94% of deaths listed as Covid were due to pre-existing conditions’

https://tapnewswire.com/2021/04/cdc-comes-clean-must-watch/