CIRAS Survey UPDATE: Business Impacts of COVID-19

April 17, 2020 — As COVID-19 proliferates across our nation, the crisis continues to negatively impact our economy and spark concerns for the future of small and 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, the proportion of those operating at reduced capacity has increased over the last month.
  • Most indicate they have plans to operate over the next 30 days but are increasingly concerned about Employee Well-being, Revenue Loss, and Workforce stability.
  • Some continue to seek help with COVID-19 information such as updates, hygiene best practices, 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.