Howard Schultz warns 30% of small businesses at risk of closing for good without more help

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'We must not only flatten the curve of the health crisis but we must begin to flatten the curve of economic despair,' the billionaire former Starbucks CEO said Monday.

Schultz suggested that future fiscal stimulus measures should include more of a "backstop" to help landlords and banks who want to "forego not only the rent in the short term but give an opportunity for these restaurant operators to open in a way in which rent is forgiven."

"It's not a time for politics. It's a time to band together to get hope to people who need it most; and most importantly to demonstrate shared humanity," he said. "We must come together and recognize that we'll get through this, but we also have to dig deep to help those people who can't help themselves."The Pike Place Market stands virtually empty of patrons on March 10, 2020 in downtown Seattle, Washington.

"Friday was the third week in which restaurant workers have not gotten a paycheck," Schultz said, noting the COVID-19 pandemic began hitting the Seattle area sooner than other parts of the country.

Source: Healthcare Press (healthcarepress.net)

 

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Schultz should get out of China along with apple . If there’re not there for the money they make then they should get out.

When the state and federal government says “more help” what exactly have they done so far other than close down and stop all income sources for most non-government paid business! Did I miss something?

Don’t worry! The corporate democrats & republicans don’t care about small business, they’re in bed with mega conglomerate corporations. They’re hoping they go out of business so they can be swallowed up by the Walmarts’, Starbucks’ and Amazons’

Then you cut them a check

You mean President Schultz...🤪.

Low estimate Realistic closer to 45% or higher Capitalized company’s only will survive

I agree with HowardSchultz. The CARES Act was a good start, but the small business assistance & help for regular people (middle class, working class) isn't enough. We need to do more.

says the man who put over 500 trillion local coffee shops out of business

Hmmmm sounds like Failure in Chief realdonaldtrump is continuing his failures but on a country size scale now

Help not coming fast enough in all areas!!!

It's a bummer he ran for President and said a bunch of stupid things that made me dislike him...

Bullish!

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