Last time we spoke with Charlie, we were talking about gym closures across NY state and how they were left to dry with no reopening plans.
Fast forward seven months and now everything is open with no capacity or other state mandates.
But what does this all mean?
Will gyms survive?
Is everything just back to normal?
What can we do to help our local gyms?
Charlie Cassara, President of the United States Fitness Coalition, really dives into how now isn't a time to celebrate. Yes, things are opening, yes gyms are picking up, but with no funding the $100,000 plus back rent and other fees that these places own, will now have to be paid.
Landlord will soon have the ability to start evicting tenants and gym owners are just left out to dry.
Please #saveourgyms and check out: https://usfc.info/save-our-gyms/
The GYMS Act—or Gym Mitigation and Survival Act—(H.R. 890/S. 1613) will establish a recovery fund to provide structured relief to health and fitness service establishments that have been uniquely hurt by the COVID-19 pandemic.
According to IHRS:
5 Pieces of Data Showing the Devastating Impact of COVID-19 on the Health and Fitness Industry
Previous government programs such as the Paycheck Protection Program (PPP) have addressed some of the industry’s needs, though they have not been enough.
The health and fitness industry continues to face a significant loss of revenue—both in direct membership and ancillary costs like studio classes—and will do so for the foreseeable future. Clubs that have opened are opening at 25-50% capacity while still having 100% of their expenses. https://www.ihrsa.org/federal/the-gym-mitigation-and-survival-act/
Learn More at: www.Redefine-Fitness.com