Weathering the Pandemic: Texas Industries and COVID-19
Texas Comptroller of Public Accounts sent this bulletin at 01/28/2021 11:08 AM CST
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| Weathering the Pandemic: Texas Industries and COVID-19 |
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All Texas industries have been affected by the COVID-19 pandemic, but some have struggled more than others. In the recently released December/January edition of Fiscal Notes, our office takes a closer look at some of the industries most affected by the pandemic, including hotels and motels, restaurants and bars, retailers, airlines and hospitals. The most significant characteristic shared by the hardest-hit industries is their inherent need to operate in close quarters with their customers; their profitability typically depends on face-to-face encounters or crowds, from restaurants to sports arenas. Many sectors are financially fragile, with little cash on hand to weather an economic downturn. In addition, some businesses have been affected by the lack of consumer confidence and a concern for individual health and safety. |
    
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