According to a Yelp survey, nationwide, between 80,000 and 100,000 businesses failed during the pandemic. At least 1,200 were located in Tennessee.
These numbers are based on publicly available data and could be much higher. In particular, hospitality was hard hit, comprising a big part of the Tennessee economy.
Still, 90% of respondents to the Memphis Chamber survey said they were good or fair in 2020, compared to 87% of respondents in 2021.