News / Economy

Visitors Help Boston Economy Bounce Back

Shoppers browse in the Marathon Sports store after they opened on Boylston Street in Boston's Copley Square, April 25, 2013. The shop was the site of the first bombing at the finish-line area.
Shoppers browse in the Marathon Sports store after they opened on Boylston Street in Boston's Copley Square, April 25, 2013. The shop was the site of the first bombing at the finish-line area.
Reuters
One tourist wanted to eat at a restaurant as close to the Boston Marathon finish line as possible. Other well-wishers made a point of buying shoes at the running store just a few steps away from a bomb blast site.

With their dining and shopping dollars, throngs of visitors to Boston's Boylston Street are helping small businesses recover quickly from millions of dollars in losses after the Boston Marathon bombing attacks on April 15.

"The support has been incredible," said Colin Peddie, owner of Marathon Sports, of the customers who have flooded his running goods store close to the racecourse finish - and the site of the first of two blasts that killed three people and injured 264.

Unlike the Sept. 11, 2001 attacks, the last comparable event on U.S. soil, the low-tech bombing of the Boston Marathon left relatively little property damage.

Still, a number of businesses in the area were forced to temporarily close to repair minor damage or wait for police to complete their investigation of crime scene.

Meg Mainzer-Cohen, president of the 500-member local Back Bay Association trade group, said about half of them lost at least some money due to the bombings and their aftermath. She estimated losses total tens of millions of dollars.

Employee Alec Mikels cleans tables at Whiskey's Smokehouse restuarant on Boylston Street ahead of the re-opening of the street to the general public in Boston, April 23, 2013.Employee Alec Mikels cleans tables at Whiskey's Smokehouse restuarant on Boylston Street ahead of the re-opening of the street to the general public in Boston, April 23, 2013.
x
Employee Alec Mikels cleans tables at Whiskey's Smokehouse restuarant on Boylston Street ahead of the re-opening of the street to the general public in Boston, April 23, 2013.
Employee Alec Mikels cleans tables at Whiskey's Smokehouse restuarant on Boylston Street ahead of the re-opening of the street to the general public in Boston, April 23, 2013.
Many retailers and restaurants now hope to make up their losses through increased foot traffic from visitors, runners and locals coming to the site of the attacks, she said.

At Marathon Sports, where the blasts blew apart the shopfront, Peddie credited his local insurer with helping him reopen quickly and said the store is on track to recoup the losses as visitors return to the area.

"It's for all the wrong reasons, but for now when someone comes to Boston they're going to take that walk down Boylston Street," Peddie said.

Mark Shapiro, a doctor who had just arrived from San Diego on Friday and was taking pictures outside a packed Marathon Sports, said he and his wife made it one of their first stops.

"We both agreed we wanted to pay our respects, but it was nothing like I expected. I had no idea it would be so crowded," Shapiro said.

Representatives for several investment fund companies and other professional businesses in the area said most employees were able to work remotely during the days much of the area was closed off as a crime scene - including during a citywide shutdown on April 19 as police searched for one of the bombing suspects.

These included International Data Group, the technology research firm whose headquarters are in an office building just next to the site of the first blast.

Seeking Restaurant Near Finish Line

Some retailers and businesses were less fortunate.

At The Tannery, a fashionable footwear and clothing store at the corner of Boylston and Exeter streets, general manager Gerardo Defabritiis estimated lost sales of more than $100,000 for his store, which has 15 employees.

"We're talking about six figures," he said. Still, only one window was slightly damaged in the attacks and nobody was injured, he said. "We're o.k., thank God," he said.

Those likely to wind up hit hardest are doctors, hair salons and other service providers who charge by the visit and cannot easily make up sales such as by staying open later, said Mainzer-Cohen of the Back Bay Association.

"There are only so many hours in the day," she said.

The U.S. Small Business Administration said on Monday it would make available low-interest disaster loans of up to $2 million to help those impacted by the attack. Not all business-interruption insurance covers losses tied to terror attacks.

Mike Ross, a Boston city councilman whose district includes the area, said he has gotten a flood of contacts from out-of-town visitors looking to stop in after the attacks. One man from New York, Ross said, e-mailed for help finding a restaurant as close to the Boston Marathon's finish line as possible.

"We're really pumped," Ross said of visitors' new enthusiasm for the area.

You May Like

Video Five Patients Given Experimental Ebola Drug Said To Be Improving

Experimental drugs have been tried on six people: three Westerners and now, three African pyhysicians More

Video In Ukraine, Fear and Distrust Remain Where Fighting has Stopped

As Ukrainian military reclaims control of eastern cities residents rebuild their lives, but many say everyone is being treated with suspicion More

Video In Rural Kenya, Pressure Builds Against Female Circumcision

Girls learn to object; FGM practitioners face penalties from jail sentences to stiff fines More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Five Patients Given Experimental Ebola Drug Said to Be Improvingi
X
Carol Pearson
August 19, 2014 11:43 PM
The World Health Organization has approved the use of experimental treatments for Ebola patients in West Africa. The Ebola outbreak there is unprecedented, the disease deadly. The number of people who have died from Ebola has surpassed 1,200. VOA's Carol Pearson reports on the ethical considerations of allowing experimental drugs to be used.
Video

Video Five Patients Given Experimental Ebola Drug Said to Be Improving

The World Health Organization has approved the use of experimental treatments for Ebola patients in West Africa. The Ebola outbreak there is unprecedented, the disease deadly. The number of people who have died from Ebola has surpassed 1,200. VOA's Carol Pearson reports on the ethical considerations of allowing experimental drugs to be used.
Video

Video In Ukraine, Fear and Distrust Remain Where Fighting has Stopped

As the Ukrainian military reclaims control of eastern cities from pro-Russian separatists, residents are getting a chance to rebuild their lives. VOA's Gabe Joselow reports from the town of Kramatorsk in Donetsk province, where a sense of fear is still in the air, and distrust of the government in Kyiv still runs deep.
Video

Video China Targets Overseas Assets of Corrupt Officials

As China presses forward with its anti-graft effort, authorities are targeting corrupt officials who have sent family members and assets overseas. The efforts have stirred up a debate at home on exactly how many officials take that route and how likely it is they will be caught. Rebecca Valli has this report.
Video

Video Leading The Fight Against Islamic State, Kurds Question Iraqi Future

Western countries including the United States have begun arming the Kurdish Peshmerga forces in northern Iraq to aid their battle against extremist Sunni militants from the Islamic State. But there are concerns that a heavily-armed Kurdistan Regional Government, or KRG, might seek to declare independence and cause the break-up of the Iraqi state. As Henry Ridgwell reports from London, the KRG says it will only seek greater autonomy from Baghdad.
Video

Video In Rural Kenya, Pressure Builds Against Female Circumcision

In some Kenyan communities, female genital mutilation remains a rite of passage. But activists are pushing back, with education for girls and with threats of punishment those who perform the circumcision. Mohammed Yusuf looks at the practice in the rural eastern community of Tharaka-Nithi.
Video

Video For Obama, Racial Violence is Personal Issue

The racial violence in the St. Louis suburb of Ferguson is presenting U.S. President Barack Obama with an issue to which he has a deep personal connection. To many Americans, Obama's election as America's first black president marked a turning point in race relations in the United States, and Obama has made ending the violence a policy priority. On Monday he issued a new call for calm and understanding. Luis Ramirez reports from the White House.
Video

Video Clinton-Obama Relationship Could Impact 2016 Election

President Barack Obama and former Secretary of State Hillary Clinton have a long and complicated relationship. That relationship took another turn recently when Clinton criticized the president’s foreign policy. VOA National Correspondent Jim Malone reports there is renewed attention on the Clinton-Obama relationship as Hillary Clinton considers running for
Video

Video Iran Looks to Maintain Influence in Baghdad With New Shia PM

Washington and Tehran share the goal of stopping Syrian-based militants in Iraq. But experts say it's Iran, not the United States, that will most influence how the new government in Baghdad approaches internal reforms and the war in Syria. VOA State Department Correspondent Scott Stearns has the story.

AppleAndroid

World Currencies

EUR
USD
0.7492
JPY
USD
102.27
GBP
USD
0.5960
CAD
USD
1.0950
INR
USD
61.300

Rates may not be current.