Economic harsh times confronts local merchants and there's no help on the horizon.
The KC metro biz community is putting on a brave face but a quick peek at all the shuttered storefronts in town is certainly a cause for concern.
Here's an overview of the sitch . . .
"The National Federation of Independent Businesses released new data indicating 22% of small businesses reported inflation as their top problem and 49% said job openings continue to remain unfilled."
Read more via www.TonysKansasCity.com news links . . .
Inflation continues to soar and small businesses in the Kansas City area are struggling to keep up. The prices of their products are increasing on a daily basis, and that's forcing them to increase their prices and get rid of the items and deals that bring you into their doors.
Ongoing labor shortages, the Omicron variant of and supply chain constraints continue to plague small businesses struggling to weather the persistent, nearly two-year-long pandemic. In fact, a large majority of small business owners say they need more federal aid if they are going to stay afloat.
The speedy spread of the omicron variant hobbled businesses small and large alike. But this time around, they've had to fend for themselves.
Of the four restaurants Rick McQuaide owns across several counties in Western Pennsylvania, one is barely making a profit, two are losing money and the fourth has been "temporarily" closed for far longer than he ever anticipated. The 58-year-old small businessman from nearby Cambria County has one word for why he finds himself in this position - and it isn't the pandemic.
Developing . . .