from Inc. by
By Minda Zetlin
The Senate failed to pass a stopgap measure so the government is officially shut down.
Early Saturday morning, the federal government shut down after Democrats and Republicans in the Senate failed to reach an agreement that would keep the government funded. How is the shutdown likely to affect you if you’re an entrepreneur or small business owner?
It depends. If the shutdown is very brief, it may not affect anyone much at all. If it goes on for several weeks or longer, it will likely affect all of us, at least to some degree. Some experts predict that this shutdown may last a while because there is little bipartisan agreement on Deferred Action for Childhood Arrivals (DACA), an Obama-era program canceled by President Donald Trump, that allowed some illegal immigrants who entered the U.S. as children to get deferments on deportation and work permits. The longest shutdown so far, which began in December 1995, lasted one month and a day.
Here are some reasons the shutdown could affect your small business:
1. Your biggest customers are the federal government and/or government contractors.
Many federal programs defined as nonessential have been suspended completely. If you’re a government contractor, or you work for government contractors, you likely already know whether the programs you work with have shut down or not. If not, here’s some information about which programs are and aren’t staying open.