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SAVING MAIN STREET by Gary Rivlin

SAVING MAIN STREET

Small Business in the Time of Covid-19

by Gary Rivlin

Pub Date: Oct. 18th, 2022
ISBN: 978-0-06-306596-3
Publisher: Harper Business

A Pulitzer Prize–winning investigative journalist reports on how small-business owners in northeast Pennsylvania—and one in New York City—weathered the challenges posed by the pandemic.

In the best of times, running a small business is a precarious proposition; the pandemic made it nearly impossible. In early 2020, Rivlin, author of Broke, USA: From Pawnshops to Poverty, Inc.―How the Working Poor Became Big Business, among other books, set out to document how a handful of businesses dealt with the precipitous decline in customers, unrelenting mortgage and utility bills, and costs that escalated as supply chains faltered. Among others, these include Vilma’s Hair Salon, Cusumano’s Italian restaurant, Lech’s Pharmacy, J.R.’s Hallmark, and Sol Cacao, a chocolate bar business. During the pandemic, owners worried about their employees and rethought their businesses. They navigated shifting shutdown orders and mask mandates and applied for financial assistance from the federal and state governments. Making matters worse was the lack of a “coordinated federal plan”; each state made its own rules. In addition, there were the constant threats posed by large restaurant and pharmaceutical chains, retail behemoths such as Walmart, and, of course, Amazon. These large corporations not only undercut their prices; they also gutted the downtown centers that brought in customers. Politicians might celebrate small businesses for being essential to living in a community and for embodying the independent spirit that ostensibly defines the American character, but economic policy always favors big business. That many businesses survived was due, in part, to the loyalty of employees and customers, the support of local business associations, and governmental grants and loans that carried them through the worst of the pandemic. For Rivlin, though, most important were business owners’ “creativity and fortitude,” the tenacity and improvisational talent to get the job done.

Compelling stories at the intersection of entrepreneurial aspirations, personal obligations, and public policy.