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Economic Winners & Losers of the Nasty Winter

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    NEWSLETTERS

    Janet Fiola

    Let’s hope there’s truth to the “in like a lion, out like a lamb” phrase, at least for the economy’s sake.

    This winter’s weather, which cost the U.S. economy a reported $50 billion, has had chilling effects on businesses across the nation. Research shows that $15 billion of it won’t be made up in the warmer months.

    A total of 63 inches of snow since December in Philadelphia — the third snowiest winter in the city’s history — tortured local companies with delays, early dismissals and cancellations, causing revenue to slip for many.

    The wounded

    As the harsh weather of the past couple of months dragged on, one snowy upset after another, the hospitality industry was especially hard hit.To find out more about this story, go to PBJ.com

    For more breaking business news go to PBJ.com