San Francisco continues to see new businesses emerging, with 125 restaurants and bars, 75 retail locations, and 30 service providers launching each month. A recent report indicates a slight decline in new retail openings compared to the previous year. However, small businesses are experiencing growth, indicating a gradual recovery from COVID-19. The city's economic conditions, with a 3.6 percent unemployment rate and active neighborhood corridors, support this entrepreneurial activity. Individual entrepreneurs, fueled by passion, remain undeterred by economic challenges, exemplified by new café owner Haydee Montserrat Mata's optimistic approach.
Every month across the city, 125 restaurants and bars, 75 new retail locations and 30 new service providers open, illustrating a resilient entrepreneurial spirit despite challenges.
Small businesses like restaurants, bars, and neighborhood services are growing. It is a slow recovery from COVID-19, but it is a recovery.
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