A new study by the Opportunity Insights nonprofit at Harvard University provides a look at small-business revenue in Greene County during the coronavirus pandemic.
Revenue for small businesses fell by 39.2% through late April, compared with early January. That compares with a 36.1% decrease in Missouri and 39.8% drop in the United States during the same time period, according to the study. The sources of the data include credit card processors, payroll firms, job posting aggregators and financial services firms.
That drop was caused, in part, by a nearly 40% decrease in local small businesses that closed temporarily amid the pandemic, according to the report.
Below is the change in small-business revenue in the five counties making up the Springfield metropolitan statistical area, in alphabetical order:
• Christian County, down 27%;
• Dallas County, down 50.7%;
• Greene County, down 39.2%;
• Polk County, up 6.8%; and
• Webster County, down 42.1%.
The Opportunity Insights study also tracks local consumer spending during the early January to late April time frame.
Total spending by all consumers in Greene County saw a quarter of sales slashed as of April 30, compared with early January. That compares with a 16.7% drop statewide and a 20.5% decrease nationwide during the same time period, according to the study.
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