Partly Cloudy 73°
Tag:

Business Closures

Business
COVID-19: Businesses Closing Here Faster Than Most States COVID-19: Businesses Closing Here Faster Than Most States
Covid-19: Businesses Closing Here Faster Than Most States For every 1,000 residents in Massachusetts, 5 businesses have been permanently closed by COVID-19. Massachusetts is the state with the 15th highest rate of permanent closures per person in the nation. For every 1,000 residents, a little over 5 businesses have closed permanently - about 34,400 businesses. The highest rate is in Hawaii where 9.4 businesses have permanently closed per 1,000 residents. Businesses that closed temporarily during the COVID-19 pandemic are increasingly announcing that they will not ever reopen. Of the 163,000 businesses across the U.S. that closed for COVID-19, …

SHARE

by Kristin Palpini
News
COVID-19: New Data Reveals Staggering Number Of Restaurant Closures During Pandemic COVID-19: New Data Reveals Staggering Number Of Restaurant Closures During Pandemic
Covid-19: New Data Reveals Staggering Number Of Restaurant Closures During Pandemic New data is revealing just how devastating the COVID-19 pandemic has been to the restaurant industry. Yelp's latest Local Economic Impact Report, released this week, reports that nearly 16,000 restaurants have permanently closed throughout the nation since the outbreak began in March. Of the 26,160 total restaurant closures listed on Yelp as of mid July, 15,770 were permanent. New York has seen the third-most restaurant closures at 8.4 percent, behind California (14.4 percent) and Texas (8.5 percent), according to Business Insider. Restaurants have passed the retail industry to accou…

SHARE

by Joe Lombardi