Third of NYC small businesses may never reopen, report says

[Michie]

From the article:
Accommodation, food service and retail jobs are particularly vulnerable, the 67-page study found

A third of the city’s 230,000 small business may never reopen, according to a grim new report by a leading industry group.

The Partnership for New York City released the post-pandemic response plan Monday with the help of 12 global consulting firms.

Accommodation, food service and retail jobs are particularly vulnerable, the 67-page study found.

Most small businesses have less than three months worth of cash reserves — a period equal to the length of the state’s COVID-19 shutdown.

“That means that funds to restart, pay back rent and buy inventory are exhausted, leaving tens of thousands of entrepreneurs at risk, particularly business owners of color,” authors Kathryn Wylde and Natasha Avanessians wrote.

Continued below.
Third of NYC small businesses may never reopen, report says

 

[Albion]

The governors who've issued their confused and partisan lockdown dictates will not mention it and they don't really care.

The businesspeople and their customers that are thought to favor the party the governors belong to were given a "pass" in many cases, being called "essential" when they are not. And the others, being more likely to vote Republican, will be out of business.

And in the new year, if the elections go as these governors hope, the governors will just demand tax hikes to compensate for the decline in tax revenues produced by their edicts.

 

[Erik Nelson]

The businesspeople and their customers that are thought to favor the party the governors belong to were given a "pass" in many cases, being called "essential" when they are not. And the others, being more likely to vote Republican, will be out of business

Tyler Merritt of "Nine Line Apparel" reports partisan politics prevented him from supplying COVID masks and nearly bankrupted his business:

After Hours - OANN Support Small Businesses with Tyler Merritt