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Trade Winds

Report: Recovery continues for small businesses

December saw a significant uptick in economic recovery for small businesses, according to a new report.

Long-missing revenues and customers returned for more small businesses in December, compared to last month, says Alignable’s Road To Recovery Report. 

In fact, 43 percent of small businesses surveyed reported monthly revenues that matched or exceeded pre-COVID levels. That’s a big increase over the 27 percent reported in November and the largest monthly jump in recovery revenues seen in all of 2021.

Small business retailers had a very good month, going from a bleak 24 percent saying they’re fully recovered in November to an encouraging 41 percent in December. 

The Alignable report is based on 5,818 small business owners polled from Dec. 4 to Dec. 26, along with 660,000 responses since March 2020.

Click here for the full report.

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Trade Winds

Trade Winds is written by journalists from the Long Island business community.