Tags: Financial Markets | Money | Trump Administration | government shutdown | small business | economy | survey monkey

Survey: Shutdown Hurt Just Over 1/3 of Small Businesses

government shutdown signs are placed on the windows of an internal revenue service office
(Elaine Thompson/AP)

By | Monday, 11 February 2019 05:41 PM

The 2018-19 partial government shutdown hurt more than a third of small-business owners, a new survey found.

The SurveyMonkey poll for CNBC found 37 percent of 2,200 small business owners saying the 35-day shutdown that began Dec. 22 hurt their bottom lines.

In other findings, the survey showed:

  • 35 percent reported a decline in sales during that period, the survey found.
  • 13 percent said they lost a contract with a federal agency during the shutdown.
  • 10 percent said they lost access to loans from the Small Business Administration.
  • 20 percent said they had "major" concerns about another shutdown, while 53 percent said a recession was "very" or "somewhat likely."

Roughly 800,000 federal workers will be furloughed or required to work without pay if another shutdown begins Saturday, The Hill reported.

Many of those employees have not yet received the back pay owed for the most recent closure, and it is unclear if contractors will get any compensation for lost work, The Hill reported.

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A little over one-third of small-business owners claim to have had their business impacted negatively by the most recent government shutdown, according to Survey Monkey.
government shutdown, small business, economy, survey monkey
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2019-41-11
Monday, 11 February 2019 05:41 PM
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