December 7, 2020 (Lansing) – The state’s leading small business organization, the National Federation of Independent Business (NFIB), expressed disappointment in the governor’s decision to extend the current three week “pause” by another 12 days through December 20.
“Promises of $100 million in state aid to the impacted businesses are appreciated, but in the context of the economic damage caused by these closings it is a drop of water in Lake Michigan,” said NFIB State Director Charlie Owens. “Even the more robust federal rescue loans and grants will not roll back the tide of coming small business failures and bankruptcies from the extended closures.”
Owens said that it has been eight months since the onset of the COVID-19 health crisis and many small businesses are still struggling to survive while doing everything they can to help their employees and adjust business operations.
“Nationally, one-in-five (20%) of small business owners report that they will have to close their doors if current economic conditions do not improve over the next six months,” said Owens. “As a state, conditions in Michigan are more dire due to extended closing and greater restrictions. For many small businesses, the holiday season is their whole year from a revenue perspective.”
“Small business does not want to exist on government handouts. They want to get their employees back to work and open their doors again,” said Owens.
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