Government Shutdown's Economic Impact
The government shutdown is affecting the economy, with entrepreneurs like Grant Richardson feeling the pinch.
"The shutdown is stifling our ability to grow,"
said Richardson, founder of Pangea Selections, a wine import company. He is facing issues with a Small Business Administration loan and tariffs, and is still waiting for business tax credits.
- Can't close on a six-figure Small Business Administration loan
- Expected to pay $20,000 in tariffs
- Waiting for $10,000 in business tax credits
- Can't launch a new product line due to unapproved labels
Richardson noted that the government is still collecting money, but not paying out what it owes, such as tax credits.
Author's summary: Shutdown affects economy and entrepreneurs.
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