One Third of Small Businesses in New York and New Jersey Shuttered for 11 Months

Near­ly one third of small busi­ness­es in New York and New Jer­sey remain closed since Jan­u­ary, accord­ing to a Har­vard-run data­base that tracks the eco­nom­ic impact of the pandemic.

In New York, 27.8 per­cent of small busi­ness­es have not reopened, while 31.2 per­cent remain closed in New Jer­sey as of Nov. 16, accord­ing to TrackTheRecovery.org.

At the height of the pan­dem­ic-relat­ed lock­downs in April, over 50 per­cent of small busi­ness­es in the Empire State shut their doors, the data shows. And while a sig­nif­i­cant por­tion reopened in the sev­er­al months that fol­lowed, that rebound flat­lined around sum­mer­time, hov­er­ing around the 27 per­cent mark until now. New Jersey’s small busi­ness activ­i­ty fol­lowed much the same dynamic.

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