Senator Julia Coleman supports and voted for, SF 1, which passed on the Senate Floor today. This bill gives businesses individual authority to create and implement safety preparedness plans so they can open safely. With each business having different needs and wants for their customers and staff, it is important to allow them the opportunity to do what works for them.
“Small businesses are a vital part of Minnesota’s economy and our local communities. The irreparable damage that has been done in the last year by the closing of businesses has been devastating,” said Coleman. “Our business owners are innovative problem solvers who know how to balance staying open and keeping people safe. Let’s end the top-down approach of shutting businesses down and instead give our businesses the opportunity to stay open.”
Minnesota’s economy has suffered dramatically since the beginning of the pandemic and resulting lockdowns. The Minneapolis Federal Reserve reports that employment is down 8% from the previous year and that labor force participation down from pre-pandemic levels. Unemployment also remains above pre-pandemic levels at 4.4% in December 20 vs. 3.3% in December 19.
The pandemic has been particularly severe for small businesses and Minnesota’s hospitality industry. The National Federation of Independent Businesses reported that 1 in 5 small business owners was at risk of closing due to economic conditions. Additionally, nearly 100 restaurants closed in the Twin Cities metro in 2020. More than half of restaurants report they face insolvency in the next few months if things don’t improve.