The Brooklyn Chamber of Commerce survey paints devastating picture of small business struggles

Nearly half of those who lost revenue said their business dropped by more than 50% between 2019 and last year. Only 15% said they added employees in the same amount of time.

“Clearly the companies are just holding on,” said Randy Peers, president and CEO of the Brooklyn Chamber of Commerce. “And we looked at those who are still in business. It is not a comment on those that have been permanently closed. ”

Before March, there were 60,000 small businesses in the district, and 84% of them had fewer than 10 employees.

The Chamber of Commerce surveyed 166 small businesses across multiple sectors. About half of the businesses were located in the downtown Brooklyn area and 51% of …

Read More On Original Publisher

This Content is Original Published by