“Many small businesses are still frankly recovering from whatever the last phase of COVID was,” said Chuck Casto, head of corporate communications at Alignable.
Martin Garcia, owner of gift and décor store Gramercy Gift Gallery, poses for a photo at his shop, Wednesday, June 29, 2022, in San Antonio. Landlords were forgiving about rent during the first two years of the pandemic, but now many are asking for back due rent. Meanwhile, most of the government aid programs that helped small businesses get through the pandemic have ended. NEW YORK — The rent has come due for America’s small businesses and at a very inopportune time.
“I needed $10,000 in 15 days,” Garcia said. He took whatever loans he could find – often at high interest rates – and barely met the deadline. “Plus, they’re dealing with a years’ worth of increasing inflation on top of that. It’s made it difficult for small businesses to really make a go of it.” “Payroll is up labor is up, the cost of goods is up, utilities are going up,” Lacoste said. “I’m wearing 20 hats instead of 10, and working six days a week, 12 hours a day.”“You’re working for the landlord, how long do you want to do that, how long will you survive?” she said. “It’s not sustainable.”
Charleen Ferguson owns the building that houses the tech business she owns with her husband, Just Call the I.T. Guy, in Wylie, Texas. She also has 13 tenants, so she sees the dilemma from both the small business and landlord points of view.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Shipping Costs to Add 1.6 Percent to Inflation, According to ReportSpike in global shipping costs — spurred by the war in Ukraine — to add 1.6 percent to consumer prices and 11.9 percent to global import prices, says U.N. report.
Baca lebih lajut »
Airline Announces Plans to Add Spacious Bunk Beds to Economy ClassAs of 2024, Air New Zelaand will be offering access to six full bunk beds to its Economy class passengers.
Baca lebih lajut »
Big Ten votes to add USC, UCLA starting in 2024Losing flagship schools like USC and UCLA will be a major blow to the Pac-12, which has had a long and amicable relationship with the Big Ten, best exemplified by its Rose Bowl partnership.
Baca lebih lajut »
New Biomarker Data Add to Concerns Over REDUCE-IT TrialA new analysis of the REDUCE-IT study has reignited concerns that the benefit shown by the high-dose fish oil product in the study, icosapent ethyl, may have been related to harms caused by the placebo mineral oil.
Baca lebih lajut »
10 books to add to your reading list in JulyBethanne Patrick's July highlights include romance, sci-fi and sacrilegious hijinks, as well as probing memoirs and a new Harvey Weinstein exposé.
Baca lebih lajut »
Stuck bags add to tangles at Paris airports amid travel boomAirlines worked Saturday to deliver luggage to passengers around the world after a technical breakdown left at least 1,500 bags stuck at Paris’ Charles de Gaulle airport.
Baca lebih lajut »