2020 has been a challenging year for everyone, but it has been especially hard on small businesses in the Boston Metro and everywhere around the country. Without the support of local customers, a good percentage of independent retailers, restaurants and service providers could shut their doors in the upcoming weeks. For some small businesses, the 2020 holiday shopping season is a make-it-or-break-it proposition.
Small businesses in the Boston Metro have been impacted by domino-effect losses due to the pandemic. Cancellation of concerts, sports events, conventions and festivals, combined with work-from-home and school-from-home trends, has disrupted the customer flow at myriad points. In-person college attendance is down significantly, and the reduced student population has exacerbated the situation.
In this unique environment, small businesses have had to innovate quickly, creating options for contactless payment, shipping, local delivery and curbside pickup. Third-party services such as DoorDash and Instacart have helped small businesses to some degree, but these solutions come at a per-transaction cost.
According to a 2018 study by American Express, every dollar you spend locally returns 30% to your community! Small businesses are the lifeblood of local economies. This holiday season and throughout New Year, please take every opportunity to support small businesses in your neighborhood. Call ahead to confirm hours and services!
When you are ready to begin, relocate or expand your business, team up with the Jay Nuss Realty Group, LLC! Whether you are thinking of buying, leasing, or investing in Boston Metro commercial real estate, we can help you find the ideal property.
Contact us today for expert guidance!