The Curious Boom and Bust of Food Trucks in China
Food truck owners can learn from the instructive experiences of their Chinese counterparts during the past two weeks. China’s aggressive revival of street cart businesses at the end of May,…
Food truck owners can learn from the instructive experiences of their Chinese counterparts during the past two weeks. China’s aggressive revival of street cart businesses at the end of May,…
The May jobs report beat everyone’s expectations at 8:30am EDT this morning. The U.S. Bureau of Labor Statistics’ (BLS) national unemployment rate for May was 13.3%, nearly one third better…
Delinquencies on U.S. restaurant mortgages tripled from April to May. From 3.67% in April, U.S. retail establishments’ unpaid commercial mortgages increased to 10.14% in May. Restaurants have been one of…
Even though many restaurant owners have already applied for financial assistance, there are distinct sources of relief that many restaurant owners have overlooked. With over $52 billion of lost revenue,…
Restaurant patrons are showing solidarity with the legacy of George Floyd and Black Lives Matter by supporting black business owners. The idea is to prioritize black-owned establishments to financially support…
Restaurant owners could be in store for another de facto fiscal stimulus this month. Aides to Senate Majority Leader Mitch McConnell say that he hopes to move the Paycheck Protection…
As if restaurant owners needed anything more to worry about, meat and dairy prices have been increasing. The national standard for pork prices, the “cutout,” is up 75% since April…
In late February, estimates for the duration of COVID-19 lockdowns lasted just a couple weeks. Yet here restaurant owners are today, three months later and $52 billion poorer, with restrictions…
For restaurant owners nationwide, this week was filled with news headlines on opposite poles. On the positive side, over 40 states now allow dine-in service, Paycheck Protection Program (PPP) forgivable…
As of the close of business on May 28, 2020, the U.S. Small Business Administration (SBA) has approved 4,460,265 Paycheck Protection Program (PPP) loans from 5512 lenders totaling $510,536,339,105. That…
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