The South by Southwest annual pageant was canceled this yr as a result of menace of coronavirus. This cancellation is just one instance of how fears of COVID-19 are wrecking native economies. Austin Mayor Steve Adler introduced the cancellation of this yr’s SXSW on Friday, March 6.

Small companies in Austin depend upon the massive injection of money native conventions and different occasions convey. Native musicians, bartenders and gig staff may also really feel the pressure with out the pageant. Some will nonetheless placed on exhibits for many who present up in Austin anyway.

For native musicians in Austin, the prospect to be seen by folks from Los Angeles or New York is all however gone for this yr. These musicians want the publicity to spice up their careers, so it’s not merely a lack of money for them. In addition they are dropping massive networking and profession alternatives.

Meals truck operators typically have sluggish months firstly of the yr and depend upon the SXSW pageant to make up for these lean months and get them again within the black. This yr, that won’t occur. The truth is, caterers, eating places, and bars that ready for the pageant by buying new gear to deal with the load and hiring new workers might discover themselves struggling to remain open with out the pageant.

Even Uber drivers and Airbnb hosts will really feel the sting. Photographers and filmmakers are additionally out of labor and also will lose the chance to make vital connections and get wider publicity.

Everybody set to placed on the occasion itself – all the employees who set all the things up and make it work – all of these individuals are additionally taking a loss, together with everybody else.

The largest loser stands out as the metropolis of Austin itself. The misplaced tax income shall be felt, probably for years to come back.

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