‘We Decided to Cut Our Losses’: Why Some Small Firms Are Shutting Down

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‘We Decided to Cut Our Losses’: Why Some Small Firms Are Shutting Down
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The federal government is pouring hundreds of billions of dollars into saving small businesses, but for companies like MoviE-Town Cinemas and Little Kahunas Pet Resort, the effort is falling short

The federal government is pouring hundreds of billions of dollars into saving small businesses, but the effort came too late for MoviE-Town Cinemas.

Ticket sales had already been declining at the independent theater in Elizabethtown, Pa., when the state’s governor ordered nonessential businesses to close last month to reduce the spread of the coronavirus. Less than three weeks later, the 21-year-old theater had permanently ceased operations.

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