Property owner tells restaurants to pay employees, not rent during coronavirus pandemic

istock_031920_covidclosures

Casarsa/iStock(JONESBORO, Ark.) — A property owner in Arkansas will not make its restaurant tenants pay rent in April during the move coronavirus pandemic, in which the practice of social distancing has impacted businesses like eateries.

Young Investment Company, based in Jonesboro, said that instead, they ask the restaurant owners to use the money “to pay your employees and take care of your family.”

“Stay strong. We will get through this together!” according to a message from the company’s Facebook page posted Tuesday.

Young Investment Company owns property that houses Eleanor’s Pizzeria, Roots, City Wok, Main Street Coffee and the Parsonage.

“This is a new experience for everyone,” Karl Lowe, co-owner and executive chef at Roots, told ABC Jonesboro affiliate KAIT.

John Myers, co-owner and chef at The Parsonage, told KAIT that he saw a 60% decrease in attendance just this past weekend, drastically affecting the restaurant’s revenue.

“Mr. Young doing that for us this month … that money goes straight to the employees,” Myers said.

There are more than 218,000 confirmed cases of coronavirus across the globe and more than 9,400 in the United States.

As the cases continue to rise in the U.S., cities have taken unprecedented measures to slow the spread. In states such as California, New York, Pennsylvania and Washington, officials have ordered dine-in restaurants to close and only offer take-out or delivery.

In Arkansas, there are at least 37 confirmed cases, according to the state’s department of health. Officials have not yet ordered a shutdown of restaurants there, but some have taken it upon themselves to close their dining rooms.

Copyright © 2020, ABC Audio. All rights reserved.

imgi_27_655518147_1267303252167954_4010646149542605187_n

May Market 2026

Join us for the Annual Holidays in the Pines, an enchanting indoor marketplace showcasing the finest local crafters, artists, and flower farmers. Discover a diverse array of handcrafted treasures including plant starts, soothing lavender products, artisanal soaps,

getty_shopping_0430265399

US economy grows at solid pace to start 2026

People walk along Broadway with shopping bags in Manhattan on February 27, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — The United States economy grew at a solid pace over the first three months

untitled20design20283829733504

Fed expected to hold interest rates steady

Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) (NEW YORK) — The

g_gaspump_042826449185

US gasoline prices hit highest level in 4 years

A gas pump stands at a station in Manhattan on April 21, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) — Gasoline prices in the United States hit their highest level in four years on