New business licenses decline in Horry County; SC small biz chamber says it’s a ‘crisis’ | Myrtle Beach Area News
A new study from the S.C. Small Business Chamber of Commerce shows new business licenses for Horry County are down 31 percent from April to July of this year compared to the same time last year.
The state is equally down 31 percent during the same period.
The S.C. Small Business Chamber of Commerce President and CEO Frank Knapp Jr. told The Post and Courier that more financial help is needed on the federal level to help rebound from this crisis.
In Horry County, from April 2019 to July 2019, there were 1,003 new business licenses, according to the study. In 2020 between the same months, there were 692 — a difference of 311 and the second-largest decline among South Carolina’s largest counties behind Richland.
Locally, Karen Riordan, president and CEO of the Myrtle Beach Area Chamber of Commerce, said the COVID-19 pandemic has naturally impacted new and existing businesses