CIRAS Survey UPDATE: Business Impacts of COVID-19

April 10, 2020 — As COVID-19 proliferates across our nation, the crisis continues to negatively impact our economy and spark concerns for the future of small-to medium-sized businesses. CIRAS, with a mission to enhance the performance of Iowa industry, has been conducting a phone survey so we can better understand the needs of Iowa companies and better connect them to appropriate resources.

Here is what we’ve learned so far:

 

Top takeaways from the survey:

  • The majority of surveyed businesses are still operating; however, more than 40 percent of manufacturers are operating at reduced capacity.
  • Most indicate they have plans to operate over the next 30 days but are concerned about uncertainty surrounding mandated shutdowns.
  • Some continue to seek help with COVID-19 information such as updates, hygiene best practices, retooling to make PPE, the PPE supply chain, and availability of grants and loans.

CIRAS Helpline

If your business is impacted by COVID-19, CIRAS can provide no-cost assistance to help you understand your next steps. CIRAS has set up teams to help companies with HR, supply chain, safety, and other challenges. For help contact our helpline: ciras.info@iastate.edu or Shankar Srinivasan (515-290-6702, srigshan@iastate.edu).

Additional information: www.ciras.iastate.edu/COVID-19.