Today, a new study was released by New York State Comptroller Thomas DiNapoli revealing significant data about the NYC restaurant industry during the COVID-19 crisis.
As a result of the report findings, Comptroller DiNapoli recommends that all levels of government provide support in outdoor dining, commercial lease assistance, the availability of loan and grant funds, and more. The NYC Hospitality Alliance will continue advocating for these efforts.
Highlights from the study include:
See below for a quote by The Alliance's executive director Andrew Rigie:
"New York City's restaurant industry is vital to our economy and Comptroller DiNapoli's shocking new report confirms with data the economic devastation that COVID-19 has inflicted on these vital small businesses. The Comptroller's report sends a critical message that must be heard by policy makers and New Yorkers at large, which is, that in order to save our city's greater economy, our restaurant industry must be at the core of its recovery. While we are appreciative of the government actions taken so far to support our restaurant community and the hundreds of thousands of people it employs, many more polices must be enacted by all levels of government to help save these small businesses and our economy."