The U.S. Chamber of Commerce released data reflecting a loss of $2.3B in small business revenue due to the government shutdown, NextGov reported Thursday. The shutdown has affected 41,000 small businesses across the country over the shutdown’s first 34 days.
Neil Bradley, executive vice president and chief policy officer at the Chamber of Commerce, told reporters that an additional $29B could be lost if the shutdown prolongs.
David Berteau, head of the Professional Services Council, said that over one-third of small businesses do not possess funds to sustain operations amid the shutdown. The shutdown forces small businesses to either cut their workforces or cease operations, he added.
