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New data shows COVID-19 outbreak impact on small business

In a recent survey by Wallet Hub, 87 percent of small businesses have reported negative impacts from the coronavirus outbreak. 

 

But, nearly 80 percent of small business owners say public health comes first.   

 

According to the survey, one-third of small businesses have laid off employees due to the coronavirus pandemic.

 

The Wallet Hub CEO said most small businesses can survive less than three months under current conditions.

Tess DeGayner is a student reporter for WCMU News. She is a senior at Central Michigan University studying Journalism and Broadcasting. Her hometown is Fenton, Michigan.