We are seeing inflation at the grocery store, the gas station, and the car dealership, so what has that meant for local families and local businesses?
Richard Perez, president and CEO of the San Antonio Chamber of Commerce, joined Leading SA to break it all down.
”Families are feeling pinches. Right. I mean, even my own family, you know, my wife and I yesterday were at the grocery store and we usually spend, you know, 50 bucks. You know, she just her and I together to get some necessities. We were at $80. And that is happening all over the city in large families, small families.
”The city and the county have done great to help bulk up small businesses, in particular during the worst times of the pandemic. But now organizations like the Lift Fund, they’re available to help small businesses with funding loans, that sort of thing. And then the UTSA and the Small Business Development Center at UTSA has a great program that helps small businesses with things like developing a business plan, exploring market segments, and they can even help you do financing as well.
The big question that has economists and the federal reserve worried about is when we can see prices stop rising.”I will say that I see strong signs every single day. You know, people are coming back downtown. People are utilizing the convention center and restaurants. It’s hard to say exactly when. But I will say that we are on the right track if we can get a handle on inflation and people can get their confidence back, I think it’s just a matter of months,” Perez said.
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