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How bleak are business owners feeling in your city? This map will tell you

A new analysis finds that Austin tops the list of cities where small-business owners believe their businesses won’t return to pre-pandemic vibrancy.

How bleak are business owners feeling in your city? This map will tell you
[Photo: Tim Mossholder/Unsplash; GDJ/Pixabay]
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Small-business owners in Austin are feeling especially glum these days.

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A new analysis from Lending Tree finds that 16.5% of them believe their businesses will never return to pre-pandemic vibrancy, placing the Texas capital at the top of the list.

The second place city also is in the Lone Star State: San Antonio with 14.9%.

Rounding out the top five are San Jose with 14.8% and New York City and San Francisco, both with 14.6%.

According to Lending Tree’s examination of U.S. Census information, the number of small-business owners who doubted their businesses would ever recover from the coronavirus pandemic jumped close to 50% between the end of April and the end of June. COVID-19 cases continue to spike in many states, with California and Texas among the hardest-hit over the past few weeks.

Small-business owners who are more optimistic about their own economic recoveries aren’t expecting a quick turnaround. An average of 65.4% of them anticipate at least four months.

Of the 50 largest metro areas that Lending Tree looked at, Raleigh, North Carolina, was the most optimistic with 2.2% of small-business owners expecting a return to normal, followed by Salt Lake City with 3.2%; Sacramento with 4.9%; Indianapolis with 5.2%; and New Orleans with 5.4%.

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Check out the full map on the Lending Tree website or via the embed below.