A bad situation getting worse for small businesses

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Small businesses in Massachusetts will be crucial to the state’s economic recovery. Year after year, these companies have employed nearly half of the state’s workforce, and when it comes to creating new jobs, the smallest firms add the most. They may be small, but side by side they are an economic powerhouse. As small business owners work to recoup losses from the forced shutdowns due to the coronavirus and get employees back to work, they face another imminent financial threat. New costs imposed by the state government could send them back down the rabbit hole.Throughout this pandemic, most small businesses suffered significant losses in revenue, but the severity of that pain has been harder on some. Owners of amusement businesses like laser tag and roller-skating rinks are still ordered closed. People who arrange events or set up convention booths aren’t getting clients with gathering restrictions in place. Restaurants and retailers are struggling to make a profit with capacity limits. And charter bus companies and travel agencies aren’t getting bookings. Consumers remain hesitant to travel, shop or dine out.
COVID-19 and the resulting job losses led to exponential increases in unemployment claims in Massachusetts, which has …

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