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Home Economy

Marin County’s economy will return, but so will its challenges

by capitalizefinancial
April 17, 2021
in Economy
0
Marin County’s economy will return, but so will its challenges

A couple sits at a vista point with the San Francisco skyline in the background Friday, March 27, 2020, in Sausalito, Calif. The surge of coronavirus cases in California that health officials have warned was coming has arrived and will worsen, Gov. Gavin Newsom said Friday, while the mayor of Los Angeles warned that by early next week his city could see the kind of crush that has crippled New York.(AP Photo/Eric Risberg)

COVID’s impacts to businesses are well known. The slowing of the economy due to shutdowns caused great financial stress and the need to adapt business models. The future is unknown with the rise of remote work and uncertainty on how consumers will spend or travel in a post-COVID environment.

Here in Marin, the future may not be so opaque.

Our economy is largely oriented towards serving the local market. As we reopen and people get vaccinated, we anticipate demand to mostly return without major changes, though we do not know how long that will take.

That sentiment prompted me to revisit a major project MEF was implementing in late 2019/early 2020, which was disrupted by the pandemic, but not before a major phase of the project was complete.

The “Marin County Business Retention & Expansion Project” was designed by MEF and funded by the County of Marin.

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