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BOSTON (WBZ NewsRadio) — A new poll shows that more than half of small businesses in Massachusetts are still on a long road to recovery from the COVID-19 pandemic.
MassINC Polling Group conducted a survey of 3,243 small business owners (those with fewer than 500 employees in their organization) in the state and found that 53% of them said their organization is making less money now than it did before the pandemic.
Of those owners, 23% said their revenue was down 1%-24%, 19% said they were down 25%-49%, and 11% said they were down 50% or more.
On the other hand, 26% of small businesses owners polled said they had higher revenue streams now than before the pandemic
18% said they were making about the same amount of money as they did before COVID-19.
The poll also found that most companies are keeping up with their debts. Only 18% of those surveyed had three months or more of past due payments.
WBZ's Jim MacKay (@JimMacKayOnAir) reports.
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