Monday, May 25, 2020



The coronavirus crisis has forced more than 100,000 small businesses in New York to close permanently, the governor said Friday. The huge swath of closures means main streets will look at lot different when the state is allowed to reopen.

At most risk have been businesses that are owned by minorities, Gov. Andrew Cuomo said.
"Small businesses are taking a real beating," he said. "They are 90 percent of New York's businesses and they're facing the toughest challengers.

"The economic projections, vis-a-vis small business, are actually frightening. More than 100,000 have shut permanently since the pandemic hit. Many small businesses just don't have the staying power to continue to pay all the fixed costs, the lease, etcetera, when they have no income whatsoever."

All but essential businesses have now been closed since New York's shutdown started on March 22. Millions of former employees are now registered as unemployed.


Rogue Leader said...

Ooooooooo Minority owned businesses?! Oh no. Will someone please think about the minority owned businesses.

Anonymous said...

In 2020 Any private owned business is minority owned businesses, including white people.
Mission accomplished.
Up next a wide spread virus of Banks, Pizza Hut, Taco Bell, Duncan Donut, Kimco property's and the Chinese will be swooping up commercial property buildings like buzzards.

Anonymous said...

Who could have saw this coming ? The "general" public was put to sleep by the one-sided broadcasts and articles that are all polarized ideological bubbles created by algorithms filtering out unrelated information and opposing views. All we have now in Congress is gridlock and partisanship.

Anonymous said...

Crime, hate, pain and suffering, sickness, ignorance, etc... ALL BECAUSE YOU LET THE PSYCHOPATHS AT THE TOP DO WHAT THEY WANT!

Anonymous said...

Pelosi is helping the Republicans and their corporate overlords loot America worse than last time. This time they will restructure America into a real banana Republic.

Anonymous said...

Well if the greedy landlords actually gave these businesses some leeway, like some rent forgiveness or deferment, maybe some pf these businesses could survive. But that won't happen. A-holes would rather see a building rot and fall down before they did that.

Anonymous said...

We're open in my state. What's with your governor? Ignore him New Yorkers and get your asses back to work.