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Story summary
- Norse Construction’s U.S. revenue fell about 25%, prompting owner Bruce Jovaag to pull $10,000 from savings to stay open.
- Bank of America reports small-business profitability at its slowest pace in two years, with job openings flatlined.
- The institute finds a gap: higher-revenue firms expand while lower-revenue firms deplete reserves and cancel growth plans.
- Even with a $3,000 tax refund, most owners expect revenue to rise next year.
