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Axios Re:Cap

Defining Essential Businesses

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 27 April 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

States that are starting to reopen parts of their economies are starting from different places. Decisions about whether companies were essential in the first place were made on a state-by-state basis and stores that are closed in one state were open in another. Dan and Axios’ markets reporter Courtenay Brown dig into the questions of who is essential and how that’s being determined.  PLUS: Who is excluded from part two of the small business loan program and Google searches in the age of COVID-19

Transcript

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0:00.0

Welcome back to this pro rata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

0:10.2

I'm Dan Fremack.

0:11.1

On today's show, who's excluded from part two of the small business loan program and Google searches in the age of COVID-19?

0:18.2

But first, defining essential businesses.

0:21.0

So some states in America are beginning to reopen their economies, at least tentatively.

0:25.3

Georgia obviously made the biggest headlines last week with Republican Governor Brian Kemp

0:29.5

allowing some businesses like gyms, spas, and tattoo parlors to resume operations over the

0:35.4

objections of not only some local leaders in Georgia, but even the

0:38.5

White House. Colorado, led by Democratic Governor Jared Polis, today is launching a more

0:43.3

conservative reopening plan, permitting some elective medical procedures to occur and businesses

0:47.8

like salons to reopen, although gyms in Colorado remain closed and restaurants must remain takeout

0:53.0

only. Schools in both states still

0:55.3

shuddered. What's key to understanding about reopening, though, is that the closures weren't uniform

0:59.5

throughout the country, or even within some states themselves. And that's because there is no

1:04.1

common definition of what is an essential business outside of things like emergency rooms, pharmacies,

1:10.2

and supermarkets. What might need to be reopened in one state was never closed in another, and vice versa.

1:15.6

For example, the World Wrestling Entertainment Headquarters in Stamford, Connecticut,

1:19.6

well that's closed. People are working from home there.

1:21.6

But, W.W.E. is allowed to host live events, albeit without audiences, in Florida,

1:26.6

which deemed W.W WWE to be an

1:29.4

essential business. The bottom line, the initial definitions of, quote, essential, felt random to many

1:35.1

and are sure to be revisited as businesses lobby to reopen. In 15 seconds, we'll go deeper with

...

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