We wrote a post about a month ago asking the question, “Is ‘Occupy Wall Street’ hurting small business?” We had a lot of responses from people on both sides. Well, now we dug deeper into it and gathered some research across the country to show whether it truly is hurting small businesses or not.
The answer seems to be yes — to both. Pizza shops have sold thousands of pies; others have experienced big losses and extensive damages. Check out the graphic (click on it to make it bigger) and let us know how you think the Occupy Movement has affected small business:
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THE OCCUPY PROTESTORS
Joined by union members, students, & the unemployed, demonstrations swelled to an estimated 15,000 marchers.
200-300 Protesters slept in Zuccotti Park on average each night
One person Tweets: “Total number or Occupy Oakland protestors now around 2,000 … chanting anti-capitalist slogans.” Police estimate 4,500 marched”
Over 2,300 occupied zones in over 2,000 cities worldwide.
Occupy’s Economic Damage To Small Businesses
Occupy Wall Street movement, on average, has cost surrounding restaurants, jewelry shops, beauty salons, a chain store and mom-and-pop establishments $479,400.
Clothing stores, coffee shops and conference spaces in and around the protests in Frank Ogawa Plaza are reporting 40% to 50% losses.
The owners of a hot dog cart and a coffee stand in Civic Center Plaza in downtown San Diego have had to close their businesses.
Due to a cancelled community event in Dewey Square, one food truck, having opened just this past June reported a loss of business and exposure from a potentially busy fall weekend, as a result of the Occupation.
Occupy Labor Issues
Three businesses with commitments to new leases in the downtown area, which would have brought in some 350 jobs, backed out of their agreements.
One business owner claims he has had to lay off people.
Occupy, The Harsh Realities
From maintenance to security, overhead costs have soared for business owners
One Manhattan restaurant’s woes – $200 lock on my bathroom after the sink fell down to the ground, cracked open, pulled the plumbing out of the wall and caused a flood.
Occupy has replaced paying customers with freeloading protestors turning to local businesses for electricity and running water.
One Manhattan restaurant’s woes: Protesters use the toilet, phones, recharge their phone batteries with business’s electrical outlets, take free cold/hot water, plastic bags, paper products and free ice, not buying anything
The impact that property destruction, vandalism and theft has had on business.
One Oakland business’s woes: Windows were broken and the site was looted.
Occupy’s Unsavory Behavior:
All-day drumming, people urinating and defecating on the streets and verbal attacks from protesters.
One Manhattan business’s woes: Protestors destroyed the stall and broke one of the bathrooms, forcing customers now go downstairs to use the bathroom.
Occupy’s Affects on Customers
Clogged streets, aggressive signs and stories of predators and criminals lurking among the knot of protesters, prevent shoppers from taking the risk of coming to the area.
Customers used to take food to eat in the park, but now they can’t.
“Instead of coming through the park to get to their buildings, all of my customers go around it.”
One restaurant’s sales of breakfast items like muffins & coffee have fallen by 50% since the protest began.
Nervous about walking around amongst the protestors customers are taking their business elsewhere.
Occupy Business Owners Are Fighting Back
One business tried to limit bathroom use to only paying customers, and protestors threatened to boycott.
Store owners gathered on the steps of City Hall to speak out against “Occupy Wall Street.”
Business owners have petitioned the city government to help abate the economically destructive protests there
Occupy Business is Good
A few have made money off the protests, as donors from all over the country have sent pizza pies, eight-foot submarine sandwiches, donuts and even Edible Arrangements from nearby restaurants to the movement.
Pizza seems to be a staple of Occupy Wall Street protestors, displayed by one pizza shop owner who’s turning them out by the hundreds.
Some sales have picked up since the protest began due to foot traffic form tourists and onlookers pass through in droves each day.
An article in the San Francisco Chronicle & an appearance on a local ABC-TV station inspired loyal customers to show up to one business, to ensure that it didn’t go under
OCCUPY’S FUNDS THAT COULD HELP THE LOCAL BUSINESSES
More than $500,000 has been raised for the movement by the end of November to help local businesses