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Loop Alliance Says Downtown Businesses Are Reopening
The Chicago Loop Alliance’s January report on downtown activity indicates businesses are reopening. There was a 12% decrease in survey respondents who said their businesses were temporarily closed compared to December.
Seventeen percent of Loop businesses are open with all staff working onsite; 41% with some staff onsite and some remote; 15% with all staff remote; 15% temporarily closed; and 2% permanently closed.
“With Chicago’s move into Tier 1 Mitigations and then Phase 4 at the very end of January, we saw some improvement in business operations in the Loop,” said Loop Alliance president and CEO Michael Edwards.
However, he added, “With two major snow events, the Loop still did not have enough people in it to adequately support its storefront economy. We’re hopeful the continued rollout of the COVID-19 vaccines and a reopening plan for Chicago Public Schools will bring more people back to the Loop.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
