Small Business Closures in Detroit Metro

Description

With fewer financial resources than corporations, small businesses are more vulnerable to closure due to the pandemic. SEMCOG uses the Census Bureau's Small Business Pulse Survey to track small business closures. It is a voluntary, longtidunidal survey with a sampling frame of almost 900,000 single-location businesses. Respondents are asked if their business either temporarily or permanently closed a location in the previous week. The survey covers almost all private-sector industries, including construction, manufacturing, retail, finance, professional and business services, and leisure and hospitality.