More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.
The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.
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Newly released small business survey data shows that an alarming number of businesses are unable to pay rent.
Alignable released its monthly small business report for October which showed 37% of American small business owners were unable to pay rent on time or in full last month. That is up from 30% who said the same the month before.
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More than a third of small businesses can’t pay rent, newly released data shows.
The small business network Alignable released new survey results that found that 35% of U.S. small business owners “could not pay their rent in full or on time in June.”
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Housing costs in Pennsylvania are rising, but the General Assembly has not prioritized the expansion of housing supply as an area of concern. As rents and housing prices rise across the Commonwealth, inaction now could cause pain in the near future.
Housing prices statewide rose by 14% from 2020 to 2021, as The Center Square previously reported, and in central Pennsylvania, apartment rents have increased 40% since 2017. Rents in Philadelphia increased almost 10% in 2021. The Lehigh Valley has had similar pressures, with one-third of households spending at least 30% of their income on rent or mortgages.
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After previously being featured in a Music Spotlight column, Australian singer/songwriter Jasmin Bade released her new single, “Rent,” and its accompanying lyric video today with The Tennessee Star. “Rent” provides a bittersweet twist on the struggle to move on from a past relationship. Bade co-wrote the song with Emily Kroll, who penned the No. 1 hit “Just About Over You” by Priscilla Block, and Brian McKenna, son of Nashville songwriting legend Lori McKenna.
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