A year after the COVID-19 pandemic hit southeast Michigan, small business owners in Washtenaw County are starting to see a light at the end of the tunnel.
A recent report on the business impact of COVID-19 by EntryPoint, an Ann Arbor-based research organization that studies startup economies in the Midwest, found that the majority of Washtenaw County’s 459 participating small business owners respondents (81%) think they will continue to function. June 30, when 3% suspect they will be closed and 16% are unsure of their future prospects.
Since the start of the pandemic, 71% of businesses have applied for loans, with 88% of those requests approved. Of those who applied for Paycheck Protection Program loans, 92% were approved – up from 74% in…
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- Headline: Small Businesses in Washtenaw County more optimistic about the post-pandemic outlook
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