66.7 F
Fort Worth
Thursday, September 24, 2020
- Advertisements -
Business New small-business Pulse Survey shows COVID-19 impact on businesses

New small-business Pulse Survey shows COVID-19 impact on businesses

Other News

Second round of business grants underway

Applications for the second round of Preserve the Fort business grants to help local businesses who have been hit hard by the...

CORE Fort Worth offers nonprofit workshop

SCORE mentor and volunteer Astrid Laws Gulley will lead a Zoom workshop Saturday, Aug. 22, 2020, from...

Loan program ends, hard-hit businesses hope for 2nd chance

By JOYCE M. ROSENBERG AP Business Writer NEW YORK (AP) — Small businesses are in limbo again as the...

Fed’s Main Street pandemic support program off to slow start

By MARTIN CRUTSINGER and CHRISTOPHER RUGABER AP Economics WritersWASHINGTON (AP) — The Federal Reserve says that its Main Street Lending Program designed...

The first results from the new U.S. Census Bureau Small Business Pulse Survey show a large negative effect from COVID-19 for the majority (51.4%) of respondents and an expectation that it will take more than six months for their businesses to return to normal.

The survey, conducted by email, is intended to provide crucial weekly data on the impact of the COVID-19 crisis on the nation’s businesses.

The survey was delivered to 100,915 small businesses. Key findings from the 22,449 who responded from April 26-May 2:

  • Overall, how has this business been affected by the COVID-19 pandemic? Of the U.S. businesses surveyed in the accommodation and food services sector, 83.5% experienced a negative effect from the COVID-19 pandemic.
  • In your opinion, how much time do you think will pass before this business returns to its usual level of operations? An average 31.4% expect more than six months will pass before their business returns to its usual level of operations.
  • In the last week, did this business temporarily close any of its locations for at least one day? An average 41.4% temporarily closed a location for at least one day. An average 72.2% of businesses in the educational services sector, 62.4% in health care and social assistance sector and 70.8% in the arts, entertainment and recreation sector temporarily closed a location for at least one day.
  • In the last week, did the business have disruptions in its supply chain? An average 44.9% reported yes, there were disruptions in the supply chain. In the retail trade sector, an average 65.8% reported disruptions in its supply chain as did 49.6% of the manufacturing sector and 61.4% in the health care and social assistance sector.

https://portal.census.gov/pulse/data/

- Advertisements -
- Advertisements -

Latest News

Mars drops Uncle Ben’s, reveals new name for rice brand

By ALEXANDRA OLSON AP Business WriterNEW YORK (AP) — The Uncle Ben's rice brand is getting a new name: Ben's Original.Parent firm...

Trump says new TikTok headquarters could land in Texas, but questions about the deal remain

By Dan Rosenzweig-Ziff, The Texas Tribune Sept. 22, 2020 "Trump says new TikTok headquarters...

Powell and Mnuchin voice optimism but back more economic aid

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin...

Wall Street steadies itself, halting 4-day losing streak

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks on Wall Street shrugged off an...

Powell: Many small companies can borrow without Main Street

By CHRISTOPHER RUGABER AP Economics WriterWASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that many mid-size U.S. businesses are now able...