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A New York deli. Photo: Amir Hamja/Bloomberg via Getty Images

A new poll of more than 10,000 small business owners finds that even as nearly half (48%) are earning less than 50% of their monthly, pre-pandemic revenues, their worries are moving from COVID-19 to the increasing cost of goods and supplies.

What's happening: The latest survey from Alignable finds "a newfound optimism that expedited vaccine distribution in the U.S. has kick-started the beginning of a recovery for some industries and groups, while others still suffer."

By the numbers: While 75% of small and medium-sized businesses still report negative effects from the pandemic, the percentage claiming they've seen a "significant negative impact" has dropped 20% from last month to 38%.

  • "This marks the first time in a year that this number has dipped below 40%," the survey's authors note.

Details: 62% of small businesses are now fully open, reversing a five-month decline and showing a 17% increase over last month.

  • Hiring for small businesses has been flat for months, but owners now predict that 98% of pre-pandemic employees will be back on payrolls by August. 
  • Small business owners said their top concern was that fresh government shutdowns would begin again given the surge in new COVID-19 case counts.

What to watch: An increasing percentage of small business owners "list skyrocketing prices of supplies as a major concern, sounding the alarm about inflation," Alignable notes.

  • Over the past two months, concern about the cost of supplies has jumped to the highest level in the short history of the survey.
  • A total of 17% of business owners listed rising prices as their top concern. That number has almost doubled from where it was in February (9%) and more than tripled from November (6%).

Go deeper

Apr 6, 2021 - Health

California to fully reopen economy June 15 if COVID rates remain stable

Gov. Gavin Newsom. Photo: Kent Nishimura/Los Angeles Times via Getty Images

California will aim to fully reopen its economy on June 15 if COVID-19 hospitalizations remain low and vaccine supplies adequately cover people ages 16 and older, Gov. Gavin Newsom (D) announced Tuesday.

Why it matters: More people have died of the coronavirus in California than in any other state. Newsom has faced a growing recall effort in recent months as Californians have called on him to lift heavy-handed restrictions on businesses.

Biden sets new April 19 deadline for all adults to be eligible for vaccine

President Biden. Photo: Michael Reynolds/EPA/Bloomberg via Getty Images

President Biden will announce Tuesday that he is moving up the deadline for states to make all American adults eligible for a coronavirus vaccine to April 19, CNN first reported and Axios has confirmed.

Why it matters: The announcement means states will be pressured to make all Americans 16 years and older eligible for the vaccine two weeks earlier than the original May 1 deadline, reflecting a growing confidence in the U.S. vaccination campaign.