Recovery is hand-in-hand
Published 9:02 am Thursday, April 2, 2020
This has been a month like one most everybody cannot recall.
Bad news followed by worse news followed by “never-conceived-anything-like-this-could-happen” news.
Restaurants and retailers closed. Payrolls can’t be met. Businesses are at risk of closing down for good — not to mention job losses and fear of the unknown.
Email newsletter signup
It’s understandable: We’re all stressed.
(…) Revenue from tourism — to our restaurants and other businesses — and from the lodging tax tourists pay when they spend nights in our hotels here is going to suffer, mightily, and that will have a trickle-down impact on the local economy from sales tax revenues to losses in service industry jobs in addition to more tourism jobs disappearing.
We’re grateful Congress approved a bipartisan stimulus bill that includes relief for businesses, industry and the average working citizen. We expect it will be carefully monitored by the committee appointed to oversee the big loans and the repayment schedules for the corporations that need taxpayer help, right now.
But we also expect families that need to put dinner on the table and provide roofs over their heads will be treated with equal or greater priority.
It’s a hand-in-hand pandemic. It will be a hand-in-hand recovery.
(…) — The Sandusky Register