As the possibility of a federal government shutdown looms, small businesses in Washington, Maryland, and Virginia are preparing for potential challenges. This week, businesses that rely heavily on federal employees who may be furloughed or work without pay are expressing concerns about reduced spending.
Among the businesses potentially affected are Union Station Shoe Shine, Lee's Flower and Card Shop, Mr. Henry’s restaurant, and JC Lofton Tailors. These establishments largely depend on the patronage of federal workers and could face significant financial strain if the shutdown proceeds.
Insights from the Maryland Chamber of Commerce and Capitol Barber & Stylist echo these concerns. Eddie Lofton of JC Lofton Tailors also expressed apprehension about the potential impact of a shutdown on his business.
A recent Goldman Sachs (NYSE: GS ) survey highlighted these concerns on a national level. The survey suggested that small businesses across the country are worried about the possible effects of a government shutdown.
Despite the uncertainty, some businesses are drawing on strategies from previous shutdowns to mitigate potential damage. Shayla Cornick of Cycled! cycling studio and Michael Amouri of Caffe Amouri shared their experiences and strategies from past shutdowns as they prepare for the possible upcoming one. Their tactics could provide valuable insights for other businesses bracing for similar challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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