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Priced Out: Coronavirus Edition

Dogs are cared for at the dog day care 'Biscuits & Bath' in New York City. Biscuits & Bath, is a Manhattan chain, and they had kept some sites open at the beginning of the health crisis. But at the end of March, it decided to temporarily close all its centers and lay off most of its employees.
Dogs are cared for at the dog day care 'Biscuits & Bath' in New York City. Biscuits & Bath, is a Manhattan chain, and they had kept some sites open at the beginning of the health crisis. But at the end of March, it decided to temporarily close all its centers and lay off most of its employees.

Across the nation, unemployment levels continue to skyrocket. As the coronavirus’ impact continues its disruptions of daily life, more than ten million people applied for unemployment benefits after being laid off.

Many of those laid off work at small businesses. And even if a business is still running, many are struggling to stay open and continue to pay their employees.

The Coronavirus Aid, Relief and Economic Security Act passed by Congress last month provides $349 billion in loans to help small business owners stay afloat during the pandemic, but owners are struggling now.

What does it take to survive as a small business during the coronavirus pandemic? Will the relief from Congress be enough to keep them open? What happens if too many of them begin to fail?

We continue our “Priced Out” series, in partnership with WAMU’s Affordability Desk.

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