Low profits, few customers in post-pandemic recovery, says B.C. business survey

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Low profits, few customers in post-pandemic recovery, says B.C. business survey GlobeBC

A man wears a protective face mask as he walks past a opened restaurant patio on Granville Street in Vancouver, on May 20, 2020.A survey of British Columbia businesses finds barely one quarter believe they can open and operate profitably as the province gradually eases COVID-19 restrictions.

A statement from the board of trade says 26 per cent expect to open and operate at a profit while 75 per cent worry about attracting customers.Other concerns include a lack of cash to meet expenses or new safety standards and the board says 55 per cent also believe restarting their business will take at least two months.

 

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GlobeBC while the spotlight is on the hardships of local businesses, this crisis can trigger a renaissance for local neighbourhood sharing, mutualaid and resilience.

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