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Nearly 40% of small businesses closed since the first COVID-19 case in the United States, a recent report found.
Across the U.S., 39% of all small businesses that were open in January 2020 had closed as of June 2, according to the most recent metrics published from Opportunity Insights.
The data shows the professional and business services industry dealt with a 25% decrease in small businesses compared to January 2020. Around 33% of small businesses in the education and health services industry had to shut their doors. The retail and transportation industry lost 34% of small businesses.
The leisure and hospitality industry data showed the most substantial difference, with a decrease of 52.4%.
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