Closure of NorCal businesses despite strong economy

For the first time in 20 years, the economy of the greater Sacramento area has recovered faster than that of the state of California, ranking second behind Riverside.New data from the Federal Reserve Bank of St. Louis show that the greater Sacramento area has recouped all of the jobs lost during the COVID-19 pandemic — but there’s another issue affecting some downtown business owners. Although “WANTED” signs are posted outside restaurants, the problem is not to reduce the number of applicants, but rather to retain those they have and be able to pay them. I don’t think this restaurant will survive for the next two years. It’s not easy right now to keep the business open,” restaurant owner Mauricio De La Rosa said. And it’s not the only restaurant facing the problem. Scott Ford, the director of economic development of the Downtown Sacramento Partnership said ground-floor retail restaurants have tough weekdays, so it’s actually doing ground-floor retail, so overall it’s creating a healthier downtown,” Ford said. The downtown Sacramento partnership has been active in hosting more events in their six districts like Concerts in the Park, a Wednesday Farmer’s Market at Capi tol Mall, and Bodega Days at César Chávez Park on Thursdays, and new companies.| RELATED | Things To Do This Weekend In The Sacramento AreaDe La Rosa also has La Garnacha a few blocks away. Although sales at this location are great, declining revenue and the six-year lease at around $11,000/month at Antojo Taco Street Bar are pushing him to sell La Garnacha to pay off his debt and keep the second location afloat. don’t make enough money to continue running both businesses. I’m losing money,” De La Rosa said. At the same time, the Greater Sacramento Six Counties area is seeing an increase in new businesses. According to Barry Broome, president and CEO of Greater Sacramento Economic Council, other cities and counties are doing a better job of preparing for investment than the city of Sacramento, the downtown implosion and 10,000 homeless people in the urban core, we’re going to have a real challenge getting some investments in the city,” Broome said. Broome adds that recent crime and low foot traffic added to the homelessness issue aren’t making downtown Sacramento any more appealing to residents. | MORE | Map: Here the shootings in Sacramento and Stockton so far in 2022

For the first time in 20 years, the the economy of the Greater Sacramento area has recovered faster than that of the state of Californiafalling second only to Riverside.

New data from the Federal Reserve Bank of St. Louis shows the greater Sacramento area has recouped all of the jobs lost during the COVID-19 pandemic — but there’s another issue affecting some downtown business owners– town. Although “WANTED” signs are posted outside restaurants, the problem is not to reduce the number of applicants, but rather to retain those they have and be able to pay them.

Antojo Taco Street Bar on 16th and N streets had sales of $300 on Wednesday.

“I don’t think this restaurant will survive for the next two years. It’s not easy right now to keep the business open,” said restaurant owner Mauricio De La Rosa.

And it’s not the only restaurant facing the problem.

Scott Ford, director of economic development at Downtown Sacramento Partnership said retail restaurants on the ground floor have difficult weekdays.

“I’m really encouraged that we continue to see more investment on the residential side. Residents spend an average of 3:1 more than an office worker in ground floor retail, so in the together it creates a healthier downtown,” Ford said. .

The downtown Sacramento partnership was active to organize more events through their six neighborhoods like Concerts in the Park, a Farmer’s Market on Wednesdays at Capitol Mall and Bodega Days at César Chávez Park on Thursdays, and new businesses.

| RELATED | What to Do This Weekend in the Sacramento Area

De La Rosa also has La Garnacha a few blocks away. Although sales at this location are great, declining revenue and the six-year lease at around $11,000/month at Antojo Taco Street Bar are pushing him to sell La Garnacha to pay off his debt and keep the second location afloat.

“I’m not making enough money to continue running both businesses. I’m losing money,” De La Rosa said.

At the same time, the greater Sacramento Six Counties area is seeing an increase in new businesses. According to Barry Broome, president and CEO of the Greater Sacramento Economic Council, other cities and counties are better prepared for investment than the City of Sacramento.

“We keep bringing businesses here, but the sudden implosion of downtown and the 10,000 homeless people in the urban core; we’re going to have a real challenge getting investment into the city,” Broome said.

Broome adds that recent crime and low foot traffic added to the homelessness issue doesn’t make the downtown Sacramento neighborhood any more appealing to residents.

| MORE | Map: Here are the shootings in Sacramento and Stockton so far in 2022

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