Friday, September 4, 2020

"Fed said that restaurants in Boston are 'faring worse than the rest of the state'.”

From the Milford Daily News, articles of interest for Franklin: 

"Al fresco dining has become an important part of the restaurant industry in Massachusetts, having “dramatically increased” when state government prohibited indoor dining to slow the spread of the coronavirus, analysts at the Federal Reserve Bank said.

In its latest Beige Book, which draws information from banking and business contacts, the Fed highlighted that more than one-third of restaurant sales in Massachusetts this summer came from outdoor dining, which it said “is unusual in Massachusetts where fewer than 20% of restaurants had outdoor dining options before the pandemic.”

While restaurants in coastal areas operated at roughly 75% of typical sales on average through the summer months, the Fed said that restaurants in Boston are “faring worse than the rest of the state.”

Restaurants were allowed to resume indoor dining in June, but many eateries have expanded into outdoor spaces in order to serve customers who might not yet be comfortable venturing indoors for a meal during the pandemic."


3 Restaurant is one of several in Franklin offering outdoor dining
3 Restaurant is one of several in Franklin offering outdoor dining


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