Mar 19, 2020 - Economy

96% of small business owners are already feeling coronavirus impact

man alone in a cafe

Photo: Andrew Lichtenstein/Corbis via Getty Images

More than half of U.S. small business owners say their business will not be able to continue operating more than three months due to economic strain caused by the coronavirus pandemic, according to a Goldman Sachs survey of more than 1,500 small business owners conducted March 16-17.

Why it matters: Much of the conversation around the economic effects of the outbreak has centered on the stock market and bailouts for large corporations, but its most acute impacts are being felt on Main Streets around the country.

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