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Home / News / Business / Long Beach economy hit hard by coronavirus, but small businesses in North Long Beach have fared well

Long Beach economy hit hard by coronavirus, but small businesses in North Long Beach have fared well

Long Beach economy hit hard by coronavirus, but small businesses in North Long Beach have fared well
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A large Long Beach sign sits outside of the Port of Long Beach headquarters in the new civic center on Tuesday, July 16, 2019. The new civic center will house both the new City Hall and the Port of Long Beach headquarters and will hold a grand opening on July 29. (Photo by Scott Varley, Daily Breeze/SCNG) The recession caused by the coronavirus pandemic has hit Long Beach hard, as the unemployment rate jumped from 4.5% in January to 19.5% in June, according to the latest data available. But some parts of the city — particularly small businesses in North Long Beach — have seen more money pour in than before the crisis. That was one of the takeaways of the Long Beach Quarterly Economic Forum, which was held virtually Thursday morning, Aug. 20. The forum has been held annually until now; with the cur..[…]

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