Mark Cuban explains how restaurants can survive coronavirus crisis
Mark Cuban: How business can prepare post-coronavirus
Dallas Mavericks owner Mark Cuban provides insight into the Small Business Association’s Paycheck Protection Program and how business can prepare to open once the coronavirus pandemic passes.
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Dallas Mavericks owner Mark Cuban said restaurants should adjust to social distancing practices while they wait to reopen during the coronavirus pandemic.
“What I'm telling my restaurant and bar-type investments is you have to start looking at how to reconfigure the inside of your restaurant so that people feel more comfortable," he told FOX Business’ Maria Bartiromo on Tuesday. "And that's a discussion you have to have relative to … what the venue's like and how you feel the ambiance should be."
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Cuban’s comments come on the heels of the federal government’s move to ramp up lending through the Small Business Administration’s $350 billion Paycheck Protection Program. The plan aims to provide financial incentives to small businesses to retain current employees and bring back furloughed workers during the pandemic.
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The restaurant industry has been devastated from measures applied to prevent the spread of COVID-19.