Small Businesses Say Crime Is Hurting Their Bottom Line

Published on February 16, 2024

Crime is resulting in higher costs for small businesses across the United States, a Job Creators Network Foundation (JCNF) poll shows. Conducted from Jan. 3 to Jan. 29, the survey found that neighborhood crime has increased costs for 31 percent of brick-and-mortar small businesses nationwide. Minority-owned businesses were the most affected, accounting for 55 percent of those experiencing higher crime-related costs. The problem also appeared to be most prevalent in the U.S. West, where it affected 35 percent of brick-and-mortar small businesses. Midwestern businesses were the least affected at 27 percent, followed by those in the East at 29 percent, and the South at 33 percent. “With historic inflation over the past three years, other challenges facing Main Street employers have often not been top of mind. Lawlessness on the streets of American cities is one example,” JCNF President Elaine Parker said....

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