{"id":113768,"date":"2021-02-22T03:41:26","date_gmt":"2021-02-22T03:41:26","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113768"},"modified":"2021-02-22T03:41:26","modified_gmt":"2021-02-22T03:41:26","slug":"new-york-city-businesses-are-barely-hanging-on","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/economy\/new-york-city-businesses-are-barely-hanging-on\/","title":{"rendered":"New York City businesses are barely hanging on"},"content":{"rendered":"
Medium Rare restaurant owner Mark Bucher and Little Believers Academy owner Cassandra Brooks share how they’ve adjusted to the new normal.<\/p>\n
Nearly one year after the COVID-19 pandemic hit New York, parts of the Big Apple look more like ghost towns, lined with shuttered storefronts, empty office buildings and businesses teetering on the edge of closure.<\/p>\n
Now industry leaders and struggling store owners are calling on the city and state to turn things around — before it’s too late.<\/p>\n
“I’m not saying there will be an exodus in the city or the city is going to die” without help, said Gino Gigante, owner of the Lower East Side’s Waypoint Cafe — where sales tanked from $500,000 in 2019 to just $80,000 last year.<\/p>\n
“But you’re going to see a lot of unhappy people and a lot of empty storefronts.”<\/p>\n