Pandemic impact on Rochester recovery

A study on the biggest factors

First tonight: destination medical center is analyzing the potential impact covid?

"*19 could have on the medical hub's initiatives outlined in its 5?

"*year update.

Kimt new three's jessica bringe joins us live from one discovery square with how the results of the study show the pandemic could affect jobs and economic activity.

Jessica.

George and amy?

"* the goal of the study is to figure out the impact the pandemic is going to have on the rochester economy and guide the dmc's near and long?

"*term planning and investment decisions.

To do that ?

"* the dmc utilized te economic development consulting firm "h?

"*r and a" the firm says economic recovery is going to be linked to consumer confidence and that will likely not bounce back until there's a vaccine.

The firm estimates that will happen some time next year..

With consumer confidence starting to return a few months we've estimated that by the end of 2020 to december of 2022 rochester's economy is going to have significantly recovered by is still going to be about 2?

"*7% below pre?

"* levels.

Rochester citywide employment isn't expected to return to pre?

"*covid levels until at least 2022 with hospitality and retail sectors expected to recover much slower than office jobs.

Live in rochester thank you jessica.

If you're interested in learning more about the job loss and economic analysis, the full hour?

"*long presentation is linked to this web story on kimt?

"*dot?

"*com.