Team Favorite: Despite Recession Fears, Small Businesses Keep Opening. Can They Survive?

We're taking a break this week for the Thanksgiving holiday, so here's an episode you might have missed. We'll be back on Monday with a new episode.

Even with a looming recession, high interest rates and a tight labor market, small businesses have been opening at record rates over the last few years, surpassing pre-pandemic levels. They’ve also been the primary driver of job creation in the US. Bloomberg reporter Enda Curran dug into why small businesses are having a moment—and the challenges owners are facing in this uncertain economy. Plus, meet the owners of a bakery and a microbrewery who discuss how they’ve been keeping their businesses afloat.

Read more: The Pandemic Small-Business Boom Is Fueling the US Economy

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK 

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

This episode originally aired on 10/2/23.

See omnystudio.com/listener for privacy information.