Our friends at NAPEO released the 2020 4th Quarter Small Business Snapshot, click on the link for more details.
Interesting data reported and tools noted below:
- Small business reports 31% lower daily revenue than Q1;
- 74% of small business are reporting large or moderate negative impact related to the pandemic;
- The Wells Fargo/Gallup Small Business Index through 2020 Q3 is showing the current trend in line with Q3 2008 as well as future expectations; Check out the Wells Fargo website for Small Business Resources to help with your 2021 Business Plan;
- The Unemployment rate is showing a 3.3% increase from Q3 2019 with Hawaii, Nevada and New York showing the highest.
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