Follow-Up Business Impact Survey Results Now Available
Dec 11, 2020
Summary: The results from the second of two surveys that includes responses from businesses in the Bryan-College Station area was published on Friday, December 11, 2020 by the Private Enterprise Research Center. The follow-up survey, conducted November 2-6, 2020, reports the impact of the Covid-19 pandemic on business operations and supply chain, workforce, and finance.
A total of 217 follow-up surveys were completed. The following report also compares responses from the initial survey, which was carried out in June. A few takeaways from the survey include:
- The average operating percentage increased 6% from June to November.
- 50% of businesses who responded in November had no change to pre-COVID employment numbers. 16% had an increase in employment and 24% had a decrease of more than 25%.
- On average, businesses reported that fewer employees were working from home - 19% in November compared to 29% in June.
- In November, 84% of businesses were opened to the maximum extent allowed, an increase of 4% from June.
- 67% of businesses reported that weekly revenues had decreased as a result of COVID-19.
- Among the responding businesses from November, 36% expect they will be in better condition in 2021 than in 2019, 40% expect to be in worse condition, and 24% expect to be in the same condition. In June, 65% of businesses expected to be in the same or better position in 2021 compared to 2019.
Click here to read the 'Business Impact of Covid-19 Pandemic, Bryan-College Station Follow-up Survey Results