Discover how the economy of Ketchum has been affected by recent events like the COVID-19 pandemic. Explore the challenges, recovery efforts, and future plans for economic development in this vibrant city.
The economy of Ketchum has been significantly impacted by the COVID-19 pandemic. With travel restrictions and social distancing measures in place, the tourism industry, which is vital to Ketchum's economy, has suffered greatly. Many hotels, restaurants, and retail businesses have faced closures or reduced operations, leading to job losses and decreased revenue. The cancellation or postponement of events and festivals has also contributed to the economic downturn. However, efforts have been made to support local businesses through initiatives like curbside pickup and online ordering. Additionally, federal assistance programs have provided some financial relief to businesses and individuals affected by the pandemic.