BBJ: ‘Here’s $200 for lunch’ — Continental Realty gives out its own stimulus

By Melody Simmons
April 14, 2020

We’re probably all eating lots of pizza these days. But Tom Bosley just dug into a slice on his company’s dime.

The maintenance supervisor at Continental Realty Corp. is one of 300 workers who were given a special $200 “eat local” expense account last week aimed at supporting Continental’s struggling restaurant tenants and other eateries during the COVID-19 crisis. The Baltimore-based company owns and manages retail centers and multifamily properties in Maryland, Virginia, North Carolina, South Carolina, Tennessee, Alabama, Georgia and Florida.

Continental surprised its 300-person workforce with the news that they could each spend $200 through May 15 to help boost the bottom line at restaurants, including those that take up space in the company’s portfolio. That totals $60,000 in goodwill for the struggling eateries and makes for a win-win for all sides, said Crystal Frey, a senior vice president at Continental.

Continental executives say they are urging their workers to take advantage of carry-out options at eateries that range in size from small businesses to national chains. Most have laid off servers and cooks, and some owners fear the crisis may force them to close for good. The “eat local” push comes at a time when the restaurants are fighting to stay open as the public health crisis enters its second month amid social distancing and orders to limit public gatherings to 10 people or less.

Besides treating themselves to lunch, Continental is urging its workers to share the bonus with family members, healthcare workers and first responders.

To read the full story, visit Baltimore Business Journal’s website.

Source: Baltimore Business Journal

Also see: Coverage of GBC Member companies’ philanthropic responses to COVID-19