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Small Business Closure Scenarios

Small Business Labs

Based on an industry by industry analysis (1), our base case estimate is 21% of U.S.    Notes: (1) Our analysis looked at industry level historical closure rates (see the U.S. 3) Closures include any reason a small business ceases to exist (financial failure, business is sold, owner retires and closes the business, etc.),

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PWC's 2040 Industry Cluster Forecast

Small Business Labs

  While the PWC analysis focuses on 5 big industries, clusters can be large or small.    Lafayette, CA, a small San Francisco suburb has created a restaurant cluster called  Restaurant Row.  .   Clusters are important because they create jobs and economic growth. 

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