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Friday, March 29, 2024

Student Economic Impact- MSU

Credit: WCBI
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Student Economic Impact- MSU
Student Economic Impact- MSU

The biggest retailers and the smallest "mom and pops" all have one thing in common: they need money to stay in business.

The loss of msu students means the loss of economics for several starkville busineses.

Stephanie poole joins us live in the studio to talk about the economic impact starkville could see from the policy.

Joey, the biggest retailers and the smallest "mom and pops" all have one thing in common: they need money to stay in business.

The loss of msu students means the loss of a álotá of customers, and that has business owners facing an uncertain future.

" we don't really know yet.

We want to remain optimistic that although campus is closed you do have a-lot of students who do live in this general area.

" barton dinkins owns two brothers smoked meats,a restaurant in the cotton district.

He says there's usually a-lot of foot traffic from students.but with majority of them possibly returning home, sales could suffer.

"the local economy, while it might slow down some hopefully we can get everyone safe and keep business rolling."

For dinkins the loss of students could also mean a loss of staff.

" we've told them if you feel safer at home please stay at home or if you need to come back and work you can."

It's the same reality for coffeehouse 929.

" i wouldn't say we are the skeleton crew but we are definitely minimizing the number of staff we have at one time.

I asked those that are students if they wanted more time off and some of them wanted more time off.

But it's okay because it'll help me level out the playing field a little bit in the schedule."

Shurden says two- thirds of her workers are students.

" in a small business it becomes increasingly difficult as time goes on trying to gage what's going to happen.

Like if we'll have a pop if going to happen and have an influx of customers and not have enough inventory."

Mayor lynn spruill is encouraging citizens to support their local businesses.

" food and beverage and sales tax is critical to our economy and to our city as we go forward and do the things that we need to do.

It's going to be painful but hopefully it will end sooner than later."

For now, owners and residents are just taking it one day at a time.

" i'm going to eat out at least every day.

I'm going to patronize as many of our restaurants that i can.

Obviously going to shop locally as necessary.

We just need to stay prudent and be calm and we need to go about our lives as normally as possible."

Take vo in monitor mayor spruill says with the possibility of a loss in sales revenue, the city will continue to monitor its budget and make adjustments if necessary.

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