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Saving small businesses in the age of coronavirus

Saving small businesses in the age of coronavirus 1

Today, Thursday, March 19, is the fourth morning our businesses won’t open. We are thinking about just how hard it was for those businesses to succeed in the first place, and worried about their future. To open a store, you need equipment. A secondhand venting hood costs $40,000; a pizza oven, close to $100,000. You need architects to design a space, lawyers to negotiate a lease, and as much as $100,000 for startup capital between the rent and money to operate before the store becomes profitable. I have often wondered how many relatives had to pitch in to put together this pot of money. 

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