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Why Are Some Business Closing?

  • Post published:April 11, 2023
  • Post category:News

Aside from the increased government mandates and red tape of owning a business, many job providers are facing many stressors. Those stressors include higher prices on the items they need, supply chain issues and especially an ongoing problem with a lack of workers. 

80% of NM restaurants, if not all, have increased their menu prices and 49% have had to reduce their business hours due to a lack of workers. 

Additionally, many other business owners over the past couple of weeks have let NMBC know they are having to close their doors after many years of being in business. Read more HERE.