With the economy shedding jobs at historical rates and less financial security, it’s critically important to ensure that food is not wasted, but rather distributed to the families that need the help.
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Beyond just a website with basic information, there’s a multitude of ways that businesses can take their goods and services to the masses via digital means.
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As we enter this 5th week of coronavirus shutdowns here in the Northeast, many of us are starting to shift from crisis reacting to crisis planning. This is a welcome development and has been a positive change to many of our conversations with some of you this past week.
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Following up on my post from March 30, which was posted well before the government started offering loans to small businesses (or trying to), we are now starting to see lots of news articles documenting the major issues with PPP for retail and restaurant owners.
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Last week Vaugh Tan shared four principles for how businesses should respond to uncertainty at this moment (and generally) and it’s must read content.
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Liquor licenses are too expensive in the City of Boston ($450K) and serve as an unnecessary and enormous barrier of entry for most entrepreneurs in an already challenged market even pre COVID-19.
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While normally not our primary preoccupation, the urban neighborhoods where Graffito has projects are proximate to some incredible parks. Typically, our focus is on the main streets and downtown business districts where people congregate around food, beverage, and entertainment. But during a pandemic, people #stayhome or safely seek fresh air.
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As I continue to follow updates on supply chain impacts here at home and across the Globe, it’s clear there is a growing mismatch in the food being grown/raised (meat, produce, dairy, etc.) at this moment and where demand is coming from.
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We’ve been aggressively warning our landlord clients since mid-March that failure to tactfully, sincerely, and immediately engage with tenants during this time of crisis possess a slew of risks — reputational, transactional and economic.
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COVID-19’s impact on retail real estate will force us all to delve deeper into our tenant’s businesses than perhaps any of us ever have.
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