Scores of small businesses are still not near the reopening stage. Many of them have been compromised to the point of no return. The destruction of goods, materials, have been compounded by the lack of insurance coverage, or insufficient of the same.
The result is, that pools of small employees’ groups are without work. Indeed, business places that employed two/three/four/five personnel have not recovered and are unlikely to do so any time this year, or soon.
We, in The Freeport News, provide a very economical advertising package (business card sector). It was one of the more popular features of our advertising program. Our assessment has confirmed that 75 percent of them are no longer in business. In some cases, reference is to individual entrepreneurs, in other instances, the entities had to hire two workers or at least one.
Often, in a crisis, this lot is glossed over. Nevertheless, they factor tremendously in the big picture of the economy. They complement, normally, the buying force that propels the economy.
The government has initiated a plan to assist marine businessmen who lost their operations. Grants are to be provided. We suggest that a much closer look be taken by the government at the category of small businesses, the overlooked entrepreneurs, and come up with a formula to get them jump-started once again.
They should be significantly, a part of the recovery process.
Unfortunately, for the most part, they fall through the cracks of a shaky economy and the general situation deteriorates even further. We here at The Freeport News have a good gauge for the reality of the situation, left by Hurricane Dorian.
Grand Bahama is indeed a disaster zone with dismal chances for full recovery.
We salute those businesses that have found their way back on stream, to whatever degree possible. They are testimony to the resilient spirit of Grand Bahamians. It will be an ongoing struggle for them to simply maintain, though.
The Government of The Bahamas is hard-pressed to deal with the state Hurrian Dorian has left Grand Bahama and Abaco in. We thus call on the powers that be, to seek not to be the only decision-makers, but, to rely on others to put their heads together to chart the best way forward for the island.
The truth be told, the amount of unemployed, is frightening.
What’s going to happen, when the food trailers are no longer coming in goodly numbers?
What will happen, when the many who are being leaned on for assistance, can no longer bear the burdens?
Those are questions to be pondered.
We are very concerned about the large numbers of unemployed Grand Bahamians.