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Raleigh businesses adjust amid economic challenges
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Raleigh businesses adjust amid economic challengesRALEIGH, N.C. (WTVD) -- A local economist says the latest national jobs report shows notable declines in the leisure and hospitality sector, marking the second consecutive month of meaningful losses.
A recent survey shows 62% of people are cutting back on dining out to pay for necessities, leaving some small businesses searching for new ways to bring in revenue.
Reno said the strategy allows him to charge customers a fraction of what they would pay at a traditional event venue.
SEE ALSO | North Carolina couple turns love of wine and candy into "Grown Up Gummies"Two longtime Raleigh small businesses announced Thursday they are closing.
Dr. Gerald Cohen, Chief Economist at the Kenan Institute, said the Triangle's skilled labor force may help the region weather economic fluctuations.