
Courtesy Saratoga Prosperity Partnership
By Shelby Schneider
Who knew this time last year that a pandemic would upend our lives and economies? Essentially, no one. We cannot say with any certainty how 2021 will turn out—but we do know more than we did last spring and, that there is hope and opportunity on the horizon.
Among the reasons for optimism is the prospect of widespread vaccination, and federal stimulus relief for our small businesses and state and local governments. For every problem created by COVID-19, there is an opportunity in disguise.
With the new year upon us, there are potential new opportunities to take advantage of and ways to adapt to challenges that our businesses and municipalities will face. There is an opportunity for 2021 to be the year of a remarkable bounce-back.
In Saratoga County our hospitality and tourism sector and arts and cultural venues, which generate over a billion dollars in revenue each year, experienced the worst of the impact. The good news is if enough Americans are vaccinated, it is plausible to expect a comeback in those sectors later this year.
If our public and private sector businesses work together to help coordinate the delivery of the vaccine to our workforce and the public, we will mitigate impacts to our economy and get to a new normal in the most efficient way.
In 2021, business retention and expansion will remain our highest priority. Like 2020, the Saratoga Partnership will be on the front lines, helping our small businesses gain access to the next round of PPP and EIDL funds, and help them get access to state and local relief programs like the personal protection equipment grants offered through our Industrial development agencies.