Economics

In Just Hours, America’s Family Businesses Hurtled Into Limbo

  • From Philadelphia to San Francisco, small business is hurting
  • Smaller companies employ nearly half the U.S. workforce
A restaurant employee waits for customers in San Francisco, California, on March 16.Photographer: David Paul Morris/Bloomberg
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Kimberly Anderson has owned a women’s clothing store in Philadelphia for 15 years. She had less than four hours to shut it down.

“I’ve never experienced anything like this,” Anderson said as she rushed to shutter Kimberly Boutique by 5 p.m. on Monday, meeting a city-imposed deadline for non-essential retailers.