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FORT LAUDERDALE, Fla. – Many small business owners across South Florida are having an especially hard time as fears over the coronavirus outbreak continue to grow.
Erin Branham is the owner of A2 Events in Fort Lauderdale. Her company specializes in event planning and destination management for outside companies, but with social distancing encouraged and groups of more than 10 discouraged, her business has taken a major hit.
"It is just completely shut down, we got hit really hard and really fast," Branham said. "All of our events are canceled until the fall, and we have just been trying to keep everybody together and afloat."
Other things to check out:
Coronavirus in Kentucky: Here's how small businesses can get help
As efforts to stop the spread of the coronavirus force large swaths of the economy to close, small businesses are desperately seeking relief.
"Our phones have been on the go," said Robert Coffey, head of the Kentucky branch of the federal Small Business Administration, a federal agency that supports entrepreneurs and small businesses.
Gyms, theaters, hair and nail salons, concert venues and many other businesses where people congregate in Kentucky were ordered to close by 5 p.m. Wednesday .
As coronavirus infections continue to surge, New York orders private business to cut on-site
Marijuana Businesses Deemed 'Essential' in San Francisco : NPR
In San Francisco, dispensaries were first left off city's list of "essential businesses." The city's Department of Health now says "cannabis is an essential medicine for many San Francisco residents." Patrick T. Fallon/Bloomberg via Getty Images hide caption
When San Francisco announced its "shelter in place" order this week, it said only "essential businesses" could remain open to support the public's needs, such as grocery stores and gas stations. Missing from that list were marijuana dispensaries.
Not to change the topic here:
Oklahoma Senators vote against coronavirus response, cite small business concerns | KTUL
Jobless Claims Spike Throughout Country As Coronavirus Pauses Business : NPR
States are now reporting a sudden, sharp spike in jobless claims as the coronavirus crisis stalls business around the country.
* * *
There's been a sharp spike in the number of companies laying workers off. A lot of states say they're suddenly flooded with unemployment claims. And as NPR's Jim Zarroli reports, some are not prepared for the onslaught.
JIM ZARROLI, BYLINE: Lauren Egypt (ph) lost her job last month at a company that arranges freight shipments from China. She wasn't surprised. The coronavirus had cut a swath through her business. She didn't despair. She decided to concentrate on her side gig as an event planner, only that work has disappeared, too.
Bookit.com has stranded customers and is likely out of business
EDIT : The following letter was sent from Bookit.com CEO Bud Finlaw to hotel partners on the evening of March 17:
As we are all very much aware, the coronavirus event has had a disastrous effect on the entire Travel Industry, especially in our international space.
BookIt.com has been especially hard hit, as we have been an "all- inclusive only" website for the past 3/12 years-this leaves us, effectively, with nothing to sell until this crisis passes.
Business group says drop in CEO optimism likely worst since Great Recession | TheHill
Optimism among American CEOs is plummeting at a rate that's likely the worst since the Great Recession, according to a prominent business group that regularly surveys corporate executives.
The Business Roundtable (BRT), which released its quarterly survey of business sentiment Wednesday, said that CEO responses after the extent of the coronavirus outbreak became clear showed significantly more negative views on sales, hiring and investment.
Happening on Twitter
And of those states, all but Florida and Missouri have Senate elections this year. And if there is a major African-… https://t.co/0tgadYZ2SA JoyAnnReid (from USA) Wed Mar 18 11:30:34 +0000 2020
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Senior White House official confirms that outgoing Chief of Staff Mick Mulvaney is under voluntary self-quarantine… https://t.co/kvqlkdK4Oh finnygo (from #Washington, #DC) Tue Mar 17 13:02:18 +0000 2020
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