PITTSBURGH (KDKA) — Months into the coronavirus pandemic, the highway to financial restoration is a steep one for small enterprise homeowners within the space.
KDKA investigator Meghan Schiller explains the untapped assets that might act as a lifeline for some companies within the coming weeks.
“We’ve talked to about 15 companies which have are available in particularly asking us, gee we actually want to consider this,” mentioned Wealthy Longo, the director of the Duquesne College Small Enterprise Improvement Heart
Longo is aware of companies are contemplating chapter. That’s why the Duquesne College Small Enterprise Improvement Heart desires to assist.
“That was sufficient for us to say if there’s 15, we form of see the writing on the wall, we form of see there’s a stall within the second wave of stimulus,” mentioned Longo.
His group of skilled consultants desires enterprise homeowners to weigh all of the choices earlier than going beneath.
“Throughout the subsequent couple weeks, we’re going to be placing out a sequence of workshops the place we might help small companies undergo the due diligence,” mentioned Longo.
In line with a survey from Small Enterprise For American’s Future, 15 p.c of almost 1,500 small companies surveyed received’t make it previous October.
“We discovered that 34 p.c mentioned they might solely make it to the top of this yr,” mentioned Anne Zimmerman, the co-chair of Small Enterprise for America’s Future.
Zimmerman says they want funding.
“Most of them completely agreed this aid package deal wants to come back and it wants to come back now,” Zimmerman mentioned.
Pennsylvania Senator Pat Stefano hears it day-after-day.
“They’re dying with out bar service, our eating places usually are not going to outlive,” Stefano mentioned.
He helps a invoice on Governor Tom Wolf’s desk that asks for 3 issues: restore eating places to a minimal 50 p.c indoor capability, remove the necessity to buy meals with alcohol and take away the restriction on bar service.
Governor Wolf has till Oct. 16 to decide on the invoice. He indicated he plans to veto it.