Santa Maria Valley, a small American town, has launched a program that is incentivizing people with a $100 voucher to travel there and stay for a minimum of two nights.The voucher can be used locally.
The voucher is currently sold out but the website offers a waiting list for anyone willing to join and wait.
In a February 4 press release, California’s Governor, Gavin Newsom, met with small business owners. This virtual meeting was to discuss small business owners receiving support through the first round of California’s small business COVID-19 Relief Grant Program.
Businesses worldwide have been affected by COVID-19. Since March 2020, the majority of the world’s small businesses have been shut down by their governments in attempts to stop the spread of the virus.
According to data compiled by Yelp Economic Average, as of August 2020, 97,966 businesses closed permanently in the United States.
YELP Economic Average US business data
A similar trend of small businesses shutting down is taking place in Canada too. According to the Canadian Federation of Independent Business (CFIB), 181,000 Canadian business owners are considering shutting down permanently. This would put 2.1 million people out of work. According to its estimate, 58,000 businesses closed in 2020 – whether permanently or not is unclear from the report. In the UK, according to a statista report, almost one quarter of all businesses have temporarily closed.
But according to McKinsey & Company, which has been conducting a monthly global survey with business executives from around the world since 2020, most of the executives continue to believe that conditions in their home economies and in the global economy will improve over the next six months.
Confirmed COVID-19 cases continue to climb. So far in Canada, most small non-essential businesses have been ordered to remain closed, while large essential corporations continue to remain open.
Confirmed COVID-19 cases according to WHO
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