New York restaurants are taking the hit from Gov. Andrew Cuomo’s extended coronavirus shutdowns, with almost two-thirds of owners saying they could be out of business by year’s end, according to a survey released Thursday.
The survey by the New York State Restaurant Association is based on responses from over 1,000 restaurant owners in the state and provides a window into the future of the previously booming industry, as the pandemic nears six months.
Roughly 63% of respondents said they could likely close by the end of the year without some form of financial relief and 36% said they expect to still be in business in January.
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