'It's like starting over:' Ybor city cigar company feeling the burn from rising costs
Share this @internewscast.com

TAMPA, Fla. (WFLA) — Ybor has held the title of Cigar City for more than a century, a distinction earned through generations of expertise in hand-rolled cigars that have significantly contributed to the local economy. However, small cigar businesses now express concern that current economic challenges are putting this storied tradition at risk.

Tabanero Cigars, a staple in Tampa for 15 years, finds its legacy in jeopardy as its owner faces evaporating profit margins. To sustain the business, he has opted to move production overseas.

“As a small business operating as a cigar lounge for a long time, we had hoped for an economic turnaround or some form of external rescue, but that hasn’t materialized,” said owner Yanko Maceda.

Maceda said rising tariffs and inflation are threatening the core of his business. More than a decade of branding and loyal customers haven’t been enough to shield his shop from economic strain. He’s seen slowdowns before but says this one cut deeper.

“So, we tried to figure out how we can expose more of this to people, because that idea of waiting on the economy to turn around, I think that doesn’t work on a new age,” Yanko said.

Rather than wait for relief, Maceda said he moved part of his production to Nicaragua cutting costs where he could keep prices reasonable and doors open.

“We feel that we are starting all over again, all over again, with the difference that we have brand ourselves for the last 15 years, but when you look at the numbers, it’s like starting all over again,” said Maceda.

Maceda said they are doing what they can to stay in business. he said the current economy leaves no room for error.

Share this @internewscast.com
You May Also Like

Breaking: Russia Advances in Southern Ukraine with Intensified Front-Line Offensive

KYIV – Ukraine’s top military leader announced on Wednesday that Russian forces…

Disney Destiny Sets Sail: Spectacular Heroes and Villains Ceremony Welcomes Newest Cruise Line Addition

PORT EVERGLADES, Fla. – The Disney Cruise Line fleet has proudly welcomed…

Stunning Northern Lights Illuminate Tri-Cities: Rare Aurora Borealis Display Captured in Photos

In an unexpected celestial spectacle, the aurora borealis graced the skies over…

Trump’s $1 Billion Lawsuit Warning Looms Over BBC – Is It a Serious Move or Just a Bluff?

LONDON – President Donald Trump has recently issued a billion-dollar lawsuit threat…

Local Grocers Struggle as SNAP Benefit Reductions Hit Convenience Stores Hard

Just over a year ago, Ryan Sprankle had the opportunity to host…

Authorities Seek Public’s Help to Find Truck Driver in I-81 Hit-and-Run Incident

In Greene County, Tennessee, authorities are on the hunt for a commercial…

Remembering Cleto Escobedo III: The Heartbeat Behind Jimmy Kimmel’s Show Passes at 59

Renowned late-night host Jimmy Kimmel is grieving the loss of a cherished…

Trump Grants Pardon to Spouse of Tennessee Representative Diana Harshbarger

WASHINGTON – In a notable move, former President Donald Trump has granted…

Federal Shutdown Sparks Uncertainty for Maine Cancer Patient Facing Heating Challenges

BAILEYVILLE, Maine – For Gerard Berry, setting the thermostat to a cool…

Congress Reconvenes to Resolve Lengthy Government Shutdown Crisis

WASHINGTON – After an extended hiatus of nearly eight weeks, the House…

Texas AG Takes Legal Action: Uncovering Alleged Voter Registration Fraud

In a bold legal move, Texas Attorney General Ken Paxton has initiated…

Catch the Next Starlink Satellite Launch from Florida: Here’s Your Viewing Guide

CAPE CANAVERAL, Fla. – SpaceX is gearing up for yet another exciting…