More than half of U.S. small company owners state their service will not be able to continue running more than three months due to economic stress brought on by the coronavirus pandemic, according to a Goldman Sachs study of more than 1,500 little service owners carried out March 16-17. Much of the conversation around the financial effects of the outbreak has actually fixated the stock market and bailouts for big corporations, but its most intense impacts are being felt on Main Streets around the country and especially here in Salt Lake City
How COVID-19 Is Affecting Businesses
The Brattleboro Reformer has actually lifted the paywall on this coronavirus story, offering vital public health info to readers. To support crucial reporting such as this, please think about a digital membership today. Posted Monday, March 23, 2020 Do not miss the huge stories. Like us on Facebook. By Morgan Nichols We are living through an extraordinary time.
Worry and uncertainty are rippling throughout our state as small companies are suddenly facing this new reality with which they are dealt with. However people in Salt Lake City, as we constantly do in times of difficulty, are also coming together (while remaining apart) to support one another. As Salt Lake City magnifies its effort to contain the infection and executes essential social distancing procedures, bars and dining establishments that hadn’t made the choice currently were required to shutter by order of the guy.
What Is Being Done?
There is a lot of worry from people in the small business administration are worried. They are making huge economic sacrifices for the health of our community. In the middle of a crisis, I have been comforted to see humanity and kindness all around me. It’s something our state succeeds as experienced during Hurricane Irene, but these scenarios require a brand name brand-new conceptualization of community and an imaginative reconstruct that relies heavily on innovation and virtual assistance.
To small company owners: To those of you in the little company community, I ask you to document your stories through our brand-new national site. These stories will be critical as we advocate for you on the ground. We are listening, and we are sharing these stories with individuals who need to hear them.
How Can Salt Lake City Do More?
Shop online from independent shops in your community, sign up for a local paper or publication, purchase gift cards to shops and restaurants that you or a relative can use at a later date. Dining establishments, which so far are permitted to stay open for take-out and shipment, are getting creative with curbside pick-up alternatives.
To each person: As we navigate through the days ahead, please don’t lose track of the community you come from. From regional mutual help groups working to support our most vulnerable to the myriad of ways for us to connect online in classes or virtual hangouts, remember we are connected, which’s never ever been simpler to visualize.
We want to say thank you to all of the businesses hanging in there and especially to our partners. Today we want to give a special shout out to Jody Jones Commercial Real Estate for everything she does to help our organization do all we do.
Maps Driving Directions:
SLC Business Owner's Group 