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Student Voice
Posted: January 7, 2009
WORLD

Student Reporter Explores How the Economy is Affecting Local Businesses

 
Nicole
Nicole, a senior from Ridge Community High School in Davenport, Florida, talked to the owners of a car dealership, realty company and restaurant to gauge how the economic decline is impacting her area.
Why this student reported on this issue:
The U.S. economy is in a recession and many Americans have lost jobs or homes.

We are all quite familiar about the decline in our economy and it has affected all of us, whether it be a big business, small business, real estate, or a person looking to buy a house or car, or just trying to pay the bills.

Everyone’s lifestyle has been flipped around to adjust to this drastic change – traveling, going out to dinner, and shopping has all been limited. As a reporter, going out and getting a chance to sit down with business owners and workers and really discuss with them the challenges their businesses or jobs have faced and what actions they had to take provides a different perspective of what the economy has done.

Each business has been affected differently depending on the demand of the consumers, but everything has come down to there not being enough money circulating.

Nelson Zenteno, senior sales manager for a Ford dealership in Davenport, tells a student reporter that his sales are down and that the dealership has decided to use its advertising budget to host community events and donate to local charities.




Duncan Owens, the owner of Beef O' Brady's in Davenport, talks about his slowing business, but says the restaurant is better positioned than high end restaurants to weather the economic decline.





Dee Albinson, the owner of Dee's Properties, talks about her fears that clients will lose their homes because they can't pay their bills.




Patricia Bliss, a Beef O' Brady's employee, discusses the changes she has seen in her community because of the economy, including friends and customers who are losing jobs or having hours cut.





 

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