COVID-19

Colorado town tries to balance summer tourist season and COVID-19

Laura Palmisano Jul 17, 2020
Heard on: Marketplace Morning Report
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Laura Palmisano
COVID-19

Colorado town tries to balance summer tourist season and COVID-19

Laura Palmisano Jul 17, 2020
Laura Palmisano
HTML EMBED:
COPY

Tourism is a major industry for many mountain towns in the West. It’s a significant part of the economy in Lake City, Colorado. The town’s population swells from 400 to several thousand during the summer. The Colorado Tourism Office estimates visitors spent more than $16 million in the community last year.

However, this year is different for the town as it welcomes tourists during the COVID-19 pandemic. Small businesses are taking precautions, like asking people to wear masks. Local restaurants are required to keep indoor seating at 50% capacity, with tables 6 feet apart.

Click the audio player above to hear the full story.

COVID-19 Economy FAQs

What are the details of President Joe Biden’s coronavirus relief plan?

The $1.9 trillion plan would aim to speed up the vaccine rollout and provide financial help to individuals, states and local governments and businesses. Called the “American Rescue Plan,” the legislative proposal would meet Biden’s goal of administering 100 million vaccines by the 100th day of his administration, while advancing his objective of reopening most schools by the spring. It would also include $1,400 checks for most Americans. Get the rest of the specifics here.

What kind of help can small businesses get right now?

A new round of Paycheck Protection Program loans recently became available for pandemic-ravaged businesses. These loans don’t have to be paid back if rules are met. Right now, loans are open for first-time applicants. And the application has to go through community banking organizations — no big banks, for now, at least. This rollout is designed to help business owners who couldn’t get a PPP loan before.

What does the hiring situation in the U.S. look like as we enter the new year?

New data on job openings and postings provide a glimpse of what to expect in the job market in the coming weeks and months. This time of year typically sees a spike in hiring and job-search activity, says Jill Chapman with Insperity, a recruiting services firm. But that kind of optimistic planning for the future isn’t really the vibe these days. Job postings have been lagging on the job search site Indeed. Listings were down about 11% in December compared to a year earlier.

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