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COVID-19 Impact Report.pdf

FINAL_Report_Results_5-4-21_-3.pdf
Preview of COVID-19 Impact Report
🔗 Source: rauchfoundation.org
📊 Size: 112 KB
📄 Pages: 3 pages
⬇️ Downloads: 52

Summary

The Rauch Foundation released a report on the impact of COVID-19 on Long Island's downtowns, finding that permanent closures in lower-income communities were significantly higher than average, and over a third of downtown businesses projected a loss of more than 50% of revenue in 2020. The report offers 11 targeted actions to stabilize businesses and foster long-term growth, including providing immediate support for small businesses, particularly in lower-income communities, and deploying solutions for new multifamily housing. Key findings include that downtowns that rebounded more quickly were generally leisure and food & beverage destinations, and that businesses in lower-income communities and businesses of color were more likely to be impacted by the pandemic due to lack of access to capital and online marketing.

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Description

The Rauch Foundation released a report on the impact of COVID-19 on Long Island's downtowns, finding that permanent closures in lower-income communities were...

Technical Information

  • File Format: PDF
  • File Size: 112 KB
  • Pages: 3
  • Language: EN
  • Total Downloads: 52
  • Last Updated: 4 weeks ago

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