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AUSTIN – The NFIB Research Center released the following data today on the impact COVID-19 has had on small businesses: The NFIB Research Center’s latest survey on the current impact of the COVID-19 outbreak on small business shows continued deterioration of the small business sector. The severity of the outbreak and regulatory measures that cities and states are taking to control it are having a devastating impact on small businesses. Currently, 92% of small employers are negatively impacted by the outbreak of the novel coronavirus, a continued escalation from 76% of small employers reporting negative impacts 10 days earlier. About 3% are positively impacted. These firms are likely experiencing stronger sales due to a sharp rise in demand for certain products, goods, and services. This will likely ease in the coming weeks as consumers feel more secure about their personal supply levels. State-specific data is unavailable, but Annie Spilman, the National Federation of Independent Business' state director for Texas, said, "It's clearly having an impact on small businesses here. Social distancing means revenue is down, and it's nearly impossible now to earn enough to cover payroll, not to mention provide the federally mandated sick leave. Our members' focus now is applying for federal Paycheck Protection Program loans and other relief so they can avoid having to close the doors for good." Nationwide, almost all small employers are now impacted by economic disruptions related to COVID-19. Only 5% of small businesses are not currently affected by the outbreak. Of these businesses, 44% of them anticipate that changing if the outbreak spreads to, or spreads more broadly in, their immediate area over the next three months. Among negatively impacted small employers, 80% report slower sales, 31% are experiencing supply chain disruptions, and 23% report concerns over sick employees. How long can small businesses continue to operate under current conditions? About half of small employers say they can survive for no more than two months, and about one-third believe they can remain operational for 3-6 months. Not surprisingly, many small business owners are anxious to access financial support through the new small business loan program to help alleviate some of the financial pressures building up. About 13% of small employers are not as severely impacted and expect to remain open indefinitely. Almost all small business owners are taking some sort of action in response to the outbreak by adjusting to changing economic conditions or protecting themselves from potential disruption. Just ...

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