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Small Businesses Have Been Battered, But Confidence Is Rising

SAXONBURG, Pa.–Small businesses have been the backbone of the United States since its founding. The Hotel Saxonburg, which has also been known as the Vogeley House, the Belvedere House, the Laube House and the Central Hotel, opened in 1835 and has lasted most of our nation’s existence.

The new owners abruptly closed the hotel March 17 after purchasing it two years ago. This not only shuttered the historic restaurant and hotel that served as a cultural touchstone for nearly 200 years, but it also caused people to lose their jobs.

Because the business was small, those job losses, likely around 50 people total, were a statistic that didn’t gain attention from the national press. However, when you consider that more people in the U.S. work for small businesses than any other sector, those numbers start to add up.

According to the Small Business Administration, which…

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