WalletHub today released its report on the states with the most affected small businesses due to coronavirus and Nevada ranked 2nd on the list.
To identify the states in which businesses are hit hardest by COVID-19, WalletHub compared the 50 states and the District of Columbia across 12 key metrics.
The data set ranges from the share of small businesses operating in highly affected industries to small-business credit conditions and the state’s small-business friendliness. Below, you can see highlights from WalletHub’s report.
COVID-19 Impact on Small Business in Nevada (1=Most Affected, 25=Avg.):
15th – Share of Small Businesses Operating in High-Risk Industries
2nd – Share of Small-Business Employees Operating in High-Risk Industries Among Total Small-Business Employees
9th – Business Vitality
10th – Average Annual Federal Small-Business Funding per GDP
10th – Small-Business Credit Conditions
30th – Total Amount of Small-Business Loans per Small-Business Employee
To view the full report and your state’s rank, please visit: http://wallethub.com/edu/states-with-the-most-affected-small-businesses-due-to-coronavirus/72977/.