The pandemic has sparked a surge in new business formation in Tennessee. The numbers have been on a steady climb for the last decade. But the first quarter of 2021 was like nothing the state has seen.
Nashville is used to being a music industry leader, but when it comes to reinvigorating a live music scene hit hard by the pandemic, there’s no strategic plan in place. That’s forcing venues and musicians to make tough decisions.
Six months ago, Karina Hernández was beginning to see her job prospects as a domestic worker disappear. She told WPLN News then that she had been without a job for months. She was having a hard time.
The state is expecting the economy to improve next year, but the pandemic is making the outlook complicated. There are many promising signs in Tennessee, but officials say they want to be cautious.
Updated Wednesday to include link to application. Tennessee has deposited nearly $200 million into the accounts of small businesses. But the state still has more stimulus money, so it’s broadening the program and focusing more on diversity.
COVID-19 has caused widespread damage to the economy — so wide that it can be easy to overlook how unevenly households are suffering. But new polling out Wednesday reveals households that have either had COVID-19 or have someone with a disability or special needs are much more likely to also be hurting financially.
Nashville’s prominent hospitality and leisure industry likely won’t return to pre-COVID-19 employment levels until mid-2022, according to an economic impact analysis by the Nashville Area Chamber of Commerce.
The economists who help the state of Tennessee decide how much money it has to spend agree on two things: The times are unprecedented, but they probably won’t inflict as much pain on the state budget as the Great Recession did.