By Terrance Thornton | Daily Independent
Business leaders report unprecedented measures, innovative ideas and a hyper-focus on the bottom line as the novel coronavirus — COVID-19 — wrecks havoc on all things commerce from corner to corner of the Valley of the Sun.
Arizona’s economy thrives on tourism, business leaders explain. The service industry — places like hotels, restaurants and retail space — is the No. 1 engine to the economic machine of the state and with almost standstill activity most businesses don’t have long.
While business leaders admit tough times are here to stay, and no real answers are anywhere to be found, a collection of surveys conducted by both the East Valley Chambers of Commerce Alliance and the Greater Phoenix Chamber of Commerce offer insights into current state of affairs.
“The key takeaway from the events this week, from Main Street to the halls of the Capitol in DC, is that there needs to be a cash infusion to small businesses and unemployed Americans as soon as possible. Our government leaders need to do what they can to minimize, as much as possible, the jolt to the economy.” ~ Tom Galvin, Attorney at Rose Law Group