It’s Time the U.S. Implement a Strategy
To bring back American industry from overseas. Free trade and globalization have failed to live up to their promises to raise living standards for everyone. Instead, they decimated the manufacturing economy and failed to account for other concomitant disruptions brought by technology and automation that have simply left us with fewer jobs concentrated in fewer places. As a result of the pandemic and armed with a better understanding of the costs of free trade, there is finally a sense of urgency, such that a growing consensus across the nation has the will to change course and create the necessary incentives to curtail outsourcing and, more importantly, bring thousands of jobs home to the U.S. or create new ones here..
21 Ways Restaurants Could Change Forever
According to chefs. The coronavirus touched down in the U.S. early this year, and by mid-March, restaurants across the country were suddenly and almost entirely shuttered. The pandemic decimated, in one cruel swoop, an industry that employs more than 15 million people, and was projected to do $899 billion in sales this year. Chefs, who are ordinarily consumed by the relentless pace of restaurant work, suddenly have the time to think about what the industry might look like after all of this when it’s safe to reopen. “We can’t keep running this traditional model, the food and labor costs, and the pressure put on people,” he says. “I hope that restaurant owners, and everyone working in restaurants, is using this as a time to evaluate how to come back to it.
Goldman Sachs, Pursuit to Provide $10M
For NJ small business loans. The New Jersey Economic Development Authority (NJEDA) announced that Goldman Sachs, in partnership with Pursuit, has committed $10 million to loans for small businesses in New Jersey. The commitment is part of Goldman Sachs’s 10,000 Small Businesses initiative. Loan applications are currently available at www.pursuitlending.com/pppapply. “Small businesses are the backbone of our state economy and central to our vision of a stronger, fairer New Jersey. It is vital that we help them overcome the unprecedented challenges COVID-19 poses,” said Governor Phil Murphy. “This commitment from Goldman Sachs and Pursuit will provide crucial resources that thousands of businesses need to keep their doors open and continue supporting their employees.”
The Coronavirus Unemployment Dilemma
A mechanism to alert the New Jersey Department of Labor. As they receive Paycheck Protection Program loans, companies are increasingly concerned the people they laid off aren’t going to come back because they can earn more money on unemployment, thanks to an extra $600 added to their regular benefits. The bonus benefits were part of the federal Coronavirus Aid, Relief and Economic Security (CARES) Act enacted in March.
Did You Know?
How Coronavirus spread in one restaurant shows why air travel is safer than you think. In a time of standing six feet apart and avoiding confined spaces, there are naturally concerns about the health safety of air travel where passengers are crowded together on an aircraft. Some may see a parallel in a limited study of how a restaurant in southern China’s Guangzhou was attended by a diner from Wuhan unknowingly infected with the coronavirus. Nine others around the diner became infected. The shared meal was on January 24 when the virus’ spread was limited and the other diners had no other known exposure.
Employee Tip
10 unemployment scams to avoid. Cyber-criminals are eager to take advantage of consumers desperate to pay their rent, mortgage or auto loans and are seeking various loans and other methods to access cash quickly. The number of Americans filing for unemployment relief rises weekly as small and medium-sized businesses face a massive slowdown in the economy as shutdowns continue across the country in an effort to reduce the rate of coronavirus infection. More than 26 million Americans have already sought unemployment funds and more people are expected to seek relief as businesses will continue to lay off and furlough employees. Hackers have been on the hunt for unsuspecting victims who are facing losses of income and their savings are dwindling quickly.
Restaurant Industry Daily Alerts
A voice for our industry. If you are finding these daily bulletins informative and beneficial during this pandemic, we kindly ask that you write a brief Google review providing a vote of your appreciation. Simply Google “Bielat Santore & Company” and when the company name appears click the button on the right to write your review or; if you don’t use Gmail, go to Google Maps, type “Bielat Santore & Company” – Allenhurst, NJ into Google Maps; scroll down and you will see an option to leave a review.
Thank you and remember all of the “Restaurant Industry Alerts” and “Thursday Restaurant Rap” interviews can be found at www.123bsc.com/news/. We intend to continue to keep you informed as we all look for an end to this crisis.
