Big Take

Despite Recession Fears, Small Businesses Keep Opening. Can They Survive?

Even with a looming recession, high interest rates and a tight labor market, small businesses have been opening at record rates over the last few years, surpassing pre-pandemic levels. They’ve also been the primary driver of job creation in the US. Bloomberg reporter <a href="https://www.bloomberg.com/authors/ASJnLeYEat4/enda-curran">Enda Curran</a> dug into why small businesses are having a moment—and the challenges owners are facing in this uncertain economy. Plus, meet the owners of a bakery and a microbrewery who discuss how they’ve been keeping their businesses afloat. Read more: <a href="https://www.bloomberg.com/news/articles/2023-08-03/how-the-pandemic-small-business-boom-is-fueling-the-us-economy?srnd=undefined">The Pandemic Small-Business Boom Is Fueling the US Economy</a> Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a>  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

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