Some businesses found it easier to pivot. The researchers found that the ability to adapt and pivot quickly, along with a willingness to pool knowledge and resources, contributed to the survival of businesses in sectors hit hardest by the pandemic, including the restaurant, hospitality, and events industries. The project, funded through a grant from the Federal Emergency Management Agency, was undertaken by Luis Dau, associate professor of international business and strategy at Northeastern, in collaboration with his colleague Elizabeth Moore, assistant teaching professor of international business and strategy. The Global Resilience Institute at Northeastern published two papers in October that address the challenges faced by domestic companies and multinational corporations and offer solutions in preparation for the next global disruption. As the pandemic dragged on-with a steep drop in foot traffic-the husband and wife team found it harder to ignore a nagging question: Was the hotel worth keeping?Īs nations across the world have come up with individual approaches to combat the spread of the coronavirus, the repercussions for international businesses have been intense. They took out a loan, and wondered if they should take out another. ![]() and Canada closed earlier this year to contain COVID-19, the owners of a small boutique hotel in northern Vermont saw their clientele dwindle virtually overnight. The complete statement by the Greek Community of Toronto is here.When the border between the U.S. Hundreds of people have commented on the Greek Community’s Facebook post, some supporting the decision to sell one of the four parish properties, while others passionately oppose the move. The contentious relationship between Soterios and many individuals in the leadership of the Greek Community could, however, complicate such a transaction. One scenario playing out in various social media channels on line is that Archbishop Soterios could use Archdiocese funds to purchase the property and bring the parish under the direct jurisdiction of the Archdiocese of Canada. These four parishes share a different status amongst Greek Torontians as “community churches” and not “Archdiocese parishes.” Irene Chrisovalantou.Īlthough technically under the spiritual auspices of the Greek Orthodox Archdiocese of Canada with canonical status and priests provided by the Archdiocese, there is a long history of bad blood between the current Archbishop Sotirios and the Greek Community. John the Baptist, Annunciation of the Virgin Mary and St. ![]() The Greek Community of Toronto owns and operates four Greek Orthodox churches- St. The situation, according to the statement, is blamed on the impact of the Coronavirus pandemic and the organization’s inability to hold fundraisers. The organization is set to lose earnings of more than $2 million by the end of 2021, adding to an already high debt of $4.5 million. ![]() Now, according to an official announcement by the GCT. The organization, established in 1909 by early immigrants from Greece, has provided numerous community services over the years, including cultural and educational programming for young people, Greek language education and Greek Orthodox worship through four churches under its auspices and ownership. The Greek Community of Toronto (GCT), a charitable organization and separate entity from the Greek Orthodox Archdiocese has announced in a press release that it is looking to sell one of four Greek Orthodox Churches that it owns, in an effort to pay down a $4.5 million debt.
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