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- Sharp decline in sales forces major fast food and coffee chains to shutter 1,400 locations
- Revenues fall as much as 38 percent during COVID-19 pandemic
- Companies plan investments in models allowing better response to future pandemics
- Both the HEALS Act and HEROES Act propose billions of dollars in funding for agricultural producers affected by COVID-19
- Bills include relief for meat producers forced to euthanize healthy animals due to backlog in animal processing
- Agricultural processors such as textile mills and ethanol plants would also see financial support
- Restaurant industry report says 85 percent of independent restaurants could be forced to close if relief is not forthcoming
- One plan calls for $120 billion to support restaurants, but others support loans with extremely long terms
- Restaurant workers make up largest category of newly unemployed as industry faces an “existential crisis”
- Connecticut DECD eases some restrictions on reopening restaurants
- Additional guidelines presented for offices, retail, and other venues
- Phase 3 of Connecticut reopening remains on hold
- Junior’s Cheesecake owner Alan Rosen told CNBC that restaurants forced to shut down a second time may not be able to reopen
- Restaurants take huge financial hit when they purchase food and are unable to sell it
- Some states roll back eat-in service as COVID-19 counts rise
