April 24, 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 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–
- Only 46% of survey respondents are continuing to operate at full capacity. Many are running at reduced capacity due to precautionary measures, outbreaks, and reduced demand.
- Very few respondents are at risk of going out of business in the next 30 days, but most are increasingly concerned about Employee Well-being, Revenue Loss, and Workforce.
- Many continue to seek help with COVID-19 information such as updates, hygiene best practices, the PPE supply chain, and availability of grants and loans.
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.
Additional information: www.ciras.iastate.edu/COVID-19