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By Michael P. Norton, State House News Service December 24, 2020 Michael P. Norton, State House News Service Up to 35 percent of retail alcoholic beverage licensees and 20 percent of state licensees may not renew in the new year due to the Covid-19 pandemic’s “major economic toll” on bars and restaurants, according to Treasurer Deb Goldberg. “The outlook for fiscal year 2022 is not strong,” Goldberg told lawmakers on Dec. 15 during a hearing on state revenue expectations for the next budget cycle. While her assessment was limited to alcohol license holders, rather than the state’s revenue picture at large, the treasurer’s comments underscore troubles in an industry that is scrambling to survive after watching about 250,000 of its 300,000 jobs evaporate when the coronavirus arrived here in March. ....
State: Over One-Third of Liquor Licensees Might Not Renew bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
BOSTON â Up to 35 percent of retail alcoholic beverage licensees and 20 percent of state licensees may not renew in the new year due to the COVID-19 pandemicâs âmajor economic tollâ on bars and restaurants, according to Treasurer Deb Goldberg. âThe outlook for fiscal year 2022 is not strong,â Goldberg told lawmakers Tuesday during a hearing on state revenue expectations for the next budget cycle. While her assessment was limited to alcohol license holders, rather than the stateâs revenue picture at large, the treasurerâs comments underscore troubles in an industry that is scrambling to survive after watching about 250,000 of its 300,000 jobs evaporate when COVID-19 arrived here in March. ....
Goldberg: Non-renewals will tell story of damage to bars, restaurants gloucestertimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gloucestertimes.com Daily Mail and Mail on Sunday newspapers.