New York (CNN Business) Nearly two-thirds of New York restaurants could be out of business as soon as January without some sort of additional government aid, according to a new study. On Thursday, the New York State Restaurant Association released the findings from its latest survey of more than 1,000 restaurateurs across the state. Nearly 64% of restaurant owners said they are likely or somewhat likely to close by the end of this year unless they receive financial relief. And about 55% of those who are likely to close said they expect to shut down before November. "It is painfully clear that without financial assistance, the restaurant industry in New York State could collapse," the association's president, Melissa Fleischut, said.

Source: CNN September 04, 2020 15:45 UTC