New York testing pandemic vaccine travelers New York

Business owners upbeat about vaccine, wary as virus spreads

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NEW YORK – Promising news about a coronavirus vaccine has small business owners feeling more upbeat despite cases of the virus surging in many parts of the U.S.Owners hope consumers and businesses will be more relaxed about spending now that two drug companies, Pfizer and Moderna, have vaccines that data show were highly effective in testing.

Some owners are rethinking their plans — some are holding off on staff cuts, while others say they’re more likely to renew their office leases even as employees still work from home.But owners also realize many hurdles remain — the vaccines still require approval by the Food and Drug Administration, and then it will take time for millions of doses to be manufactured and widely distributed.

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