Saturday, December 14, 2024
HomeBreaking NewsCOVID-19 small business closures in Minnesota pegged at 26.6%

COVID-19 small business closures in Minnesota pegged at 26.6%



The share of Minnesota small businesses still closed compared to January 2020, just prior to the onset of the pandemic, stands at 26.6 percent, the 11th lowest percentage among 45 states examined, according to an online data tracker managed by Harvard University.

Nationwide, as of March 22, the number of small businesses in operation was 35 percent below what the level was in January 2020, according to the Opportunity Insights data tracker.

The data also shows that different types of small businesses were not affected in the same way. A large number of shutdowns occurred in the leisure and hospitality sector, in which small businesses suffered closures estimated at 52.4 percent, according to tracker’s numbers.

Data was not available for the states of Idaho, Montana, Nebraska, South Dakota and Wyoming.

Share of Small Business Closures as of March 22

Rank State % of Small Businesses Still Shut Down Since January 2020
1 Michigan 39.7%
2 Massachusetts 39.1%
3 (tie) Alaska 38.9%
3 (tie) Maine 38.9%
5 Colorado 38.8%
6 Connecticut 38.5%
7 New Jersey 36.9%
8 (tie) Rhode Island 36.5%
8 (tie) Illinois 36.5%
10 New Mexico 36.2%
11 California 35.9%
12 New York 35.4%
13 Louisiana 33.2%
14 Texas 32.6%
15 Georgia 32.3%
16 Florida 32.2%
17 Oklahoma 31.9%
18 Virginia 31.6%
19 Arizona 31.3%
20 Kansas 31.0%
21 Ohio 30.4%
22 Mississippi 29.7%
23 (tie) Hawaii 29.5%
23 (tie) Iowa 29.5%
25 Delaware 29.4%
26 Maryland 29.3%
27 (tie) Kentucky 29.0%
27 (tie) Nevada 29.0%
27 (tie) Wisconsin 29.0%
30 Washington 28.5%
31 Indiana 28.4%
32 Oregon 28.1%
33 Pennsylvania 27.7%
34 South Carolina 27.0%
35 Minnesota 26.6%
36 Alabama 25.9%
37 Missouri 25.8%
38 West Virginia 25.7%
39 North Carolina 25.6%
40 Tennessee 24.4%
41 Utah 23.5%
42 Vermont 23.3%
43 Arkansas 21.9%
44 North Dakota 19.5%
45 New Hampshire 18.3%

Source: Opportunity Insights Online Data Tracker



RELATED ARTICLES

Most Popular

Recent Comments