Tag: Closures

Restaurants, small businesses face closures without COVID-19 relief

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After shutting down negotiations over a new COVID-19 stimulus package, President Trump said he would pass a standalone bill for $1,200 stimulus checks.

USA TODAY

Restaurants and small businesses across the USA say they face dire situations without additional federal relief to offset the effects of the coronavirus pandemic.

Concerns have grown as another aid package for businesses and struggling Americans appears to be in limbo.

President Donald Trump quashed additional relief discussions Tuesday until after the  election Nov. 3. Several hours later, Trump softened his stance, saying he’s open to approving $1,200 payments to Americans and limited programs to support the airline industry and small businesses.

As many as one in 20 U.S. small businesses face possible closure without additional assistance, the International Franchisee Association estimates.

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De Blasio Warns Non-Essential Business Closures Still On Table

NEW YORK CITY — A persistent divide between Gov. Andrew Cuomo and Mayor Bill de Blasio played out in back-to-back Monday announcements over coronavirus restrictions facing the city amid local resurgences.

First, Cuomo announced schools in nine coronavirus hotspots in Brooklyn and Queens will close Tuesday rather than de Blasio’s proposed Wednesday.

Then, de Blasio pledged at his own news conference that the city is prepared to start enforcing restrictions and closures on non-essential businesses in those areas starting Wednesday — an issue on which Cuomo held off making a final decision.

It took a reporter twice pressing de Blasio on the potential business closures for him to clarify the city will be “preparing” for them to start rather than enforcing them without state approval.

“If the state does not authorize restrictions, we’re not going to act,” he said. “But I find that very unlikely at this point. The governor

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Is Covid to blame for business closures or is it helping new startups? The answer is both



a person standing in front of a store: Photograph: Rick Bowmer/AP


© Provided by The Guardian
Photograph: Rick Bowmer/AP

Last week brought some grim data for small businesses.

Yelp, the popular online review site, revealed that approximately 163,000 of the businesses – mostly restaurants – that listed on their site had disappeared and that, through July, almost 98,000 businesses won’t return. Around that same time a new report issued by the National Restaurant Association warned that more than 100,000 restaurants have permanently closed this year and unless action was taken, more will also fail.

The culprit of all this? Covid-19, of course. But is Covid really to blame? Yes. And no. Let’s dig a little deeper into the numbers.

The fact is that restaurants don’t have a great track record for success. Margins are thin, competition is tough and consumers can be fickle. Which is why, according to industry reports, 60% of restaurants don’t make it past their first year and

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San Diego County avoids more business closures due to virus

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FILE – In this Sept. 2, 2020, file photo, a woman wears a mask as she walks on campus at San Diego State University in San Diego. A coronavirus outbreak of more than 700 cases reported at San Diego State University has put all of San Diego County, with more than 3 million people, at risk of having to close indoor dining and shopping, many for a third time under California guidelines.

AP

San Diego County has been spared having to close businesses under California’s revised system for reopening the economy.

An outbreak at San Diego State University has caused a surge of cases in the county. But the latest weekly figures released by the state on Tuesday showed the county still was able to keep its case levels just below a level that would have required new business closures.

San Diego State has nearly 850

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Permanent Business Closures Spike Because Of Pandemic

Nearly 98,000 U.S. businesses have closed permanently in the six months from March 1 to Aug. 31, according to a running count kept by Yelp that relies on self-reporting by business owners, followed by a vetting by Yelp staff. That is 23% more than said so in mid-July.

An additional 65,000 businesses have closed temporarily, Yelp said.

Businesses set up as solo proprietors, especially in professional services, have withstood the coronavirus pandemic better than most, according to Yelp. On the other hand, restaurants and retail stores continue to suffer from high total closures nationwide.

As of Aug. 31, more than 32,000 restaurants reported themselves to Yelp as closed, with nearly 19,600 indicating that the closures were permanent. The kinds of restaurants with the highest closure totals were breakfast places, hamburger joints, sandwich shops and places specializing in desserts. 

By contrast, pizza places, delis, food trucks and bakeries reported lower numbers

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Black women who own businesses fight against wave of closures

WASHINGTON — If Jeannine Cook had waited another month to open her bookstore, it probably wouldn’t exist.

Cook, the owner of Harriet’s Bookshop in Philadelphia, opened her doors in February. A month later, the pandemic hit and the questions came. “Is this life telling me like stop this stupid idea? Or is this life telling me I need to figure out how to go harder?” she remembered asking herself. “I knew, as an entrepreneur, that was a part of it. I just didn’t know to this extent.”

Women and minority-owned businesses were on the rise prior to the pandemic— and Black women were starting businesses at a quicker clip than anyone else. From 2014 to 2019, the number of women-owned businesses grew 21 percent while firms owned by women of color grew at double that rate, according to an annual report on women in business by American Express.

The pandemic

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How 305 Fitness Founder Sadie Kurzban Is Pivoting Her Business Model Amid Covid-19 Closures

While hundreds of New York’s boutique fitness studios are still fighting to reopen, one company is resolute to remain shut through the rest of 2020.

“There’s no break even in sight,” says Sadie Kurzban, founder and CEO of 305 Fitness. “At this time, the team and I do not expect to reopen our studio locations before 2021.”

Since August 24, New York State has begun lifting restrictions to allow some gyms to operate at one-third capacity and under specific guidelines, including but not limited to requiring masks during class, upgrading HVAC systems, and allowing for 6-10 feet of social distance in class. Kurzban explains that in an average 305 studio, 10 feet of distance means reducing classes to less than 25% of a normal class size.


“As a

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