- LendingTree analyzed survey data from the U.S. Census Bureau to see which cities have felt the least impact on their businesses due to COVID-19
- Cities in Kentucky, Virginia, and Arizona top the list
- Recent reopening and local grants help ease the burden
Analyzing survey data collected by the U.S. Census Bureau, the online lending service LendingTree recently created a ranking of how hard the COVID-19 pandemic had impacted 50 American cities.
Business owners in Louisville, Ky.; Virginia Beach, Va.; and Phoenix, Ariz., were least likely to report a negative impact due to the coronavirus. Nearly 18 percent of those in Louisville said the impact had been negligible or positive, along with 16.6 percent in Virginia Beach and 16.1 percent in Phoenix.
LendingTree noted how each city has started reopening local businesses and attractions, though some businesses in Phoenix recently began closing again due to a surge in COVID-19 cases in Arizona. Virginia Beach and Phoenix had also approved grant funding for local businesses due to the pandemic.