Small businesses in the capital region are grappling with severe economic consequences due to the ongoing government shutdown. Carrie Arredondo, owner of C Two A Defense Strategies, has experienced contract breaches and loss of communication with government clients, leading to a halt in her services. Robert Wood, owner of EcoCaters and a performance nutrition company, has seen a 25% increase in cancellations and clients significantly scaling back their event budgets. Darius Davie, owner of Groom Guy, has noticed a noticeable dip in bookings. The U.S. Chamber of Commerce reports that over 65,000 American small business contractors have nearly $3 billion a week at risk, totaling $12 billion in October alone. The human cost extends beyond finances, with families suffering due to the shutdown.
DNN | The Daily News Now!
The world’s first global local news network.
Every city. Every story. AI powered.
Hosted on Acast. See acast.com/privacy for more information.
