With no end date in sight, here’s a sample of what many say is a larger wave to come
Closures during the coronavirus pandemic were expected but as small business loans come in as part of the stimulus package, there appears to be light at the end of a very dark and winding tunnel for some.
More than 3 million restaurant industry jobs have been lost since March 1 according to a survey by the National Restaurant Association and 7 out of 10 restaurant operators have laid off employees. 10% of the American workforce has filed unemployment claims as of April 9.
The NRA estimates that 15% of the nation’s restaurants have or will be closed for good within the next two weeks.
In California, it’s estimated that 30% of the state’s restaurants could permanently close because of the crisis, according to the California Restaurant Association.
In this installment, closures range from a 36-year-old fine dining institution in New York City, to an iconic Los Angeles diner.
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