WASHINGTON, D.C. — February 27, 2021 — The Community Gyms Coalition (CGC), a group representing more than 15,000 local fitness studios and small gyms in the U.S., today released the following statement calling on Congressional leaders to include relief for gyms and fitness facilities in the COVID relief package.
“After nearly a year of enduring COVID-mandated shutdowns and restrictions, thousands of gyms and fitness studios across the U.S. have yet to receive the targeted relief from Congress that’s necessary to survive. The current COVID relief bill fails to provide this aid. Thousands more of America’s small gyms and fitness studios are at imminent risk of permanent closure or bankruptcy without tailored, specific relief. The CGC urges Congress to act now to include the GYMS Act in any COVID relief legislation in order to save these small businesses and the millions of jobs they support.”
A recent survey of small, independent gyms and studios found that existing federal relief programs – including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) – have failed to help 63 percent of gym owners. In 2020, revenue across the industry dropped by $20 billion — 58 percent. By the end of 2020, approximately one out of five fitness facilities has closed permanently. 1.4 million jobs in the industry have already been lost. The industry comprises roughly 40,000 facilities, of which 80 percent are small businesses.
Learn more about the Community Gyms Coalition here: https://gymscoalition.org/