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A Phoenix in New England
While the economic downturn of 2008-1010 was tough on business as a whole, the attrition rate was particularly hard for the small business sector which, it is estimated, lost 1.8 million companies nationwide. Those that did manage to survive the “Great Recession,” did so mostly by cutting costs and staff. J. Read Corporation could be the poster child for such entities, going from a peak payroll of nearly 150 employees to a staff of . . . three.
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