And some see better times just around the COVID-19 corner.
The road to a so-far elusive recovery has been a difficult one for Long Island’s downtown business owners — a preternaturally optimistic group accustomed to high overhead costs, onerous regulations and the daily challenges of managing staff and satisfying customers. In the year since the pandemic started, they’ve endured layoffs, furloughs and steep income losses.
Many no longer exist.
10,000 out of 60,000 Amount of small downtown businesses on Long Island that have closed in the past year, according to
I feel like I don’t yet entirely understand what went wrong at Greensill Capital. Greensill, the story goes, was a leader in the business of supply-chain finance, in which it would insert itself between buyers and sellers of products, paying the sellers a bit early
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