SAN ANTONIO – While coronavirus cases still reach high numbers on a daily basis in San Antonio and Bexar County, the pandemic continues to leave an impact on the local economy.
Major General Juan Ayala, interim president and CEO of the Hispanic Chamber of Commerce of San Antonio, joined Leading SA on Sunday to discuss the current economic situation in San Antonio and the future of economic stability during this crisis. public health.
“San Antonio’s economy has been hit hard due to COVID-19, and right now many businesses are struggling, even though PPP loans and the government have helped. However, they are trying to pivot our small businesses. We have about 1,300 small businesses in the Spanish San Antonio chamber and they are trying to pivot and be creative, ”Ayala said.
San Antonio’s tourism, entertainment and small businesses have been ravaged by the pandemic, and Ayala said it’s more important than ever to pivot your business model as the future of the virus is uncertain.
“Our small business owners have been very resilient and they’ve contributed and they’ve made improvements and changes, which has helped a lot,” Ayala said. “… I was very surprised at the creativity and what our companies have done to stay in business. “
Even if a COVID-19 vaccine becomes officially available to the public soon, the overall impact of the pandemic on businesses in the region is not disappearing, according to Ayala.
“Even if we flip the switch today and say it’s okay and everyone can come back, we don’t know if the consumer and public trust is returning to our businesses there. I mean, a large percentage of our population, I believe, is still afraid to congregate in areas because of the virus, ”Ayala said.
Another stimulus package is expected in August, granting a new round of $ 1,200 stimulus checks to residents, according to an Associated Press report. However, Ayala said it was only a temporary fix.
“I think it’s very interesting to see what this next stimulus package will look like. This will keep some of them going. But again, these are band-aids … but we have to be confident. I mean, we have to stay positive, ”Ayala said.
Above all, the general knows it will be difficult for San Antonio’s economy as a whole, but he said that in the future there is hope that we will get through this pandemic.
“We’re going to be fine. We will be confident and we will get out of it. We’re never going to be alike. We’re not going to be the same on the other side, ”Ayala said.
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