May 22, 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–
- In a potential sign of stress on manufacturing, the proportion of businesses operating at full capacity is declining. Many are operating at reduced capacity due to precautionary measures and reduced demand.
- Few companies have self-identified as being at risk of closing in the next 60-90 days.
- Businesses continue to be concerned about Employee Well-being, Revenue Loss, and Workforce.
- Some continue to seek help with COVID-19 information such as cleaning and PPE supply chain.
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.