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Business owners fear another wave of coronavirus will put Newark in a serious economic crisis – CBS New York

Newark, NJ (CBSNewYork) — As the number of cases of coronavirus increases in New Jersey’s largest city, there are growing concerns about its economic implications.

Black Swan Espresso owners want their business five years ago to be here for years to come, but with the addition of online sales, the pandemic has reduced their business by 75%.

“We were born and raised in Newark, NJ. It really hurts because we have invoices to pay and we want to keep our employees working,” Laura Mashtaler told CBS2’s Jenna de Angelis on Thursday.

More: Mayor Baraka states that Newark’s coronavirus positive rates are even worse in certain areas

Mashtaler fears another closure of the city, which is tightening regulations again after the positive rate soars to 19%.

“Jenna, I’m scared. I’m scared of the second wave. Do I need to close it again?” Mashtaler said.

Coronavirus pandemic

Catherine Wilson, President and CEO of United Way of Greater Newark, said: “The scary thing is that we’ve lost a lot of small businesses here in the city, which can make a big difference in the employment of local Newark residents.

Wilson said he was worried about unemployment and spillover.

“It was as high as 15 or 16% in the process of this pandemic, which means that children and families are clearly affected by this,” Wilson said.

Coronavirus: NY Health Department | NY Call 1- (888) -364-3065 | NYC Health Department | NYC Call 311, Text COVID to 692692 | NJ COVID-19 Information Hub | NJ Phone 1- (800) -222-1222 or 211, Text From NJCOVID 898211 | CT Health Department | CT Call 211 | Disease Control and Prevention Center

People drive to eat at Dr. Martin Luther King, Jr. Boulevard’s World Central Kitchen, and a nearby food pantry stocks up supplies.

“Data from the state helpline, New Jersey 211, shows that at least 50% more people are looking for food help, where to get food,” Wilson said.

More: Mayor of Newark Spikes at COVID-19 Cases by Party, Sports and Public Transport

United Way created the Community COVID-19 Fund, raising about $ 5 million to support families, other nonprofits, and businesses, but one way everyone can participate is “as much as possible.” Make sure you’re doing that. To reduce this spread, I was told to do so, “Wilson said.

She said that the faster Newark does it, the faster it can turn the economy around.

United Way tells those who can donate to nonprofits that it’s the safest way to give back.

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Business owners fear another wave of coronavirus will put Newark in a serious economic crisis – CBS New York

Source link Business owners fear another wave of coronavirus will put Newark in a serious economic crisis – CBS New York

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