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

    Clinton, Trump and the 'Woman’s Card'

    Ask supporters of Democratic front-runner in US presidential campaign, and they’ll tell you Republican presidential candidate is playing a dangerous hand

    Russian Censorship Group Seeks Chinese Help to Better Control Internet

    At recent Safe Internet League forum in Moscow, speakers from both nations underscored desire for authorities to further limit and control information online

    Video Makeshift Pakistani School Helps Slum Kids

    Free classes in Islamabad park serve a few of the country’s nearly 25 million out-of-school youths; NGO cites ‘education crisis’

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Turkish Kurd Islamist Rally Stokes Tensionsi
    X
    April 29, 2016 12:28 AM
    In a sign of the rising power of Islamists in Turkey, more than 100,000 people recently gathered in Diyarbakir, the main city in Turkey’s predominantly Kurdish southeast, to mark the birthday of the Prophet Muhammad. The gathering highlighted tensions with the pro-secular Kurdish nationalist movement. Dorian Jones reports from Diyarbakir.
    Video

    Video Turkish Kurd Islamist Rally Stokes Tensions

    In a sign of the rising power of Islamists in Turkey, more than 100,000 people recently gathered in Diyarbakir, the main city in Turkey’s predominantly Kurdish southeast, to mark the birthday of the Prophet Muhammad. The gathering highlighted tensions with the pro-secular Kurdish nationalist movement. Dorian Jones reports from Diyarbakir.
    Video

    Video Pakistani School Helps Slum Kids

    Master Mohammad Ayub runs a makeshift school in a public park in Islamabad. Thousands of poor children have benefited from his services over the years, but, as VOA's Ayesha Tanzeem reports, roughly 25 million school-age youths don't get an education in Pakistan.
    Video

    Video Florida’s Weeki Wachee ‘Mermaids’ Make a Splash

    Since 1947, ‘mermaids’ have fascinated tourists at central Florida’s Weeki Wachee Springs State Park with their fluid movements and synchronized ballet. Performing underwater has its challenges, including cold temperatures and a steady current, as VOA’s Lin Yang and Joseph Mok report.
    Video

    Video Somali, African Union Forces Face Resurgent Al-Shabab

    The Islamic State terror group claimed its first attack in Somalia earlier this week, though the claim has not been verified by forces on the ground. Meanwhile, al-Shabab militants have stepped up their attacks as Somalia prepares for elections later this year. Henry Ridgwell reports there are growing frustrations among Somalia’s Western backers over the country’s slow progress in forming its own armed forces to establish security after 25 years of chaos.
    Video

    Video Bangladesh Targeted Killings Spark Wave of Fear

    People in Bangladesh’s capital are expressing deep concern over the brutal attacks that have killed secular blogger, and most recently a gay rights activist and an employee of the U.S. embassy. Xulhaz Mannan, an embassy protocol officer and the editor of the country’s only gay and transgender magazine Roopban; and his friend Mehboob Rabbi Tanoy, a gay rights activist, were hacked to death by five attackers in Mannan’s Dhaka home earlier this month.
    Video

    Video Documentary Tells Tale of Chernobyl Returnees

    Ukraine this week is marking the 30th anniversary of the world's worst nuclear accident, at the Chernobyl nuclear power plant. Soviet officials at first said little about the accident, but later evacuated a 2,600-square-kilometer "exclusion zone." Some people, though, came back. American directors Holly Morris and Anne Bogart created a documentary about this faithful and brave community. VOA's Tetiana Kharchenko reports from New York on "The Babushkas of Chernobyl." Carol Pearson narrates.
    Video

    Video Nigerians Feel Bite of Buhari Economic Policy

    Despite the global drop in the price of oil, Nigerian President Muhammadu Buhari has refused to allow the country's currency to devalue, leading to a shortage of foreign exchange. Chris Stein reports from Lagos businessmen and consumers are feeling the impact as the country deals with a severe fuel shortage.
    Video

    Video  Return to the Wild

    There’s a growing trend in the United States to let old or underused golf courses revert back to nature. But as Erika Celeste reports from one parcel in Grafton, Ohio, converting 39 hectares of land back to green space is a lot more complicated than just not mowing the fairway.
    Video

    Video West Urges Unity in Libya as Migrant Numbers Soar

    The Italian government says a NATO-led mission aimed at stemming the flow of migrants from Libya to Europe could be up and running by July. There are concerns that the number of migrants could soar as the route through Greece and the Balkans remains blocked. Western powers say the political chaos in Libya is being exploited by people smugglers — and they are pressuring rival groups to come together under the new unity government. VOA's Henry Ridgwell reports.
    Video

    Video Russia’s TV Rain Swims Against Tide in Sea of Kremlin Propaganda

    Russia’s media freedoms have been gradually eroded under President Vladimir Putin as his government has increased state ownership, influence, and restrictions on critical reporting. Television, where most Russians get their news, has been the main target and is now almost completely state controlled. But in the Russian capital, TV Rain stands out as an island in a sea of Kremlin propaganda.

    Special Report

    Adrift The Invisible African Diaspora

    World Currencies

    EUR
    USD
    0.8769
    JPY
    USD
    107.28
    GBP
    USD
    0.6842
    CAD
    USD
    1.2528
    INR
    USD
    66.384

    Rates may not be current.