WEDC expects up to 30 percent business closures statewide

Wisconsin Economic Development Corp. leader Missy Hughes expects up to 30 percent business closures in the state if reopenings are stalled by a virus surge. 

“I have seen numbers anywhere from 20 to 30 percent anticipated closures and I think that’s really tied into the duration of the `Safer at Home’ order,” she told reporters. “Lots of businesses that I have talked to could withstand an initial wave of being closed, but are very concerned about continuing.”

Hughes said that if there is a virus surge in the future, and small businesses are asked to endure another closure or low confidence from consumers and employees that would keep them at home, Wisconsin would see more closures.

“That’s why it’s critically important that we all continue to think about… the social distancing, and the hand washing and wearing masks because this is all going to be critical for regaining momentum in our economy.”...   ...more

Ken Notes:30% Stings a bit, but if you are 60 something this is clearly a chance to walk away. And if your are 30 something starting over my be easier that fighting back...