• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

PRESSLED

Your Leading News Source

PRESSLED
Your Leading News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • US
  • Meet the Reporters
  • About/Contact

REACH’s research discovers Central Coast economy is recovering

May 23, 2021 by Staff Reporter

Economy

It’s been a tough year for local businesses, but things are looking up again. The Central Coast Economic Action Organization, or “REACH” said the economy is starting to recover.

The new research was conducted by the organization.

The report says our economy is still feeling the impact from a year of coronavirus related restrictions.

According to REACH, business revenues in the Central Coast are almost a third lower than they were in March of 2020.

The pandemic’s impact includes everything from salaries to childcare, and more.

In the last year, some businesses were impacted more than others.

“Tourism, hospitality and recreation saw a decline of over 50% in that period,” said researcher Josh Williams. “Other services like salons and spas, and dry cleaning- those saw a decline of 20%. Retail saw a decline of over 10%.”

But now, researchers have seen some recovery with job postings increasing.

REACH plans to use the report’s findings to help businesses rebuild after COVID-19.

Community / Local News / Santa Barbara – South County / Santa Maria – Lompoc – North County

Originally Appeared Here

Filed Under: BUSINESS

Primary Sidebar

More to See

N.J. town votes to let redevelopment of former Lord & Taylor site move forward

The Westfield Town Council voted 7-1 on Tuesday to introduce an ordinance that allows for a downtown redevelopment plan to move forward.It will next … [Read More...] about N.J. town votes to let redevelopment of former Lord & Taylor site move forward

Bed Bath and Beyond is closing 87 more stores. See the list

New York CNN  —  Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy. … [Read More...] about Bed Bath and Beyond is closing 87 more stores. See the list

U.S. launches high-level defense and tech initiative with India

Comment on this storyCommentThe United States and India on Tuesday formally established a high-level initiative on defense and emerging technologies — … [Read More...] about U.S. launches high-level defense and tech initiative with India

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2023 · PRESSLED · As Amazon Associates we earn commissions from qualifying purchases · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT