22%

of American small businesses closed from February to April 2020, a total of 3.3 million

Source: National Bureau of Economic Research
Additional Information: African American business owners continue to be the hardest hit by COVID-19, with the number of active businesses dropping 41% from pre-COVID-19 levels. The number of active Latino businesses fell by 32%, and Asian businesses dropped by 26%. Immigrant business owners experienced substantial losses of 36%.

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