SURVEY: Many businesses are hurting
While public health officials and others are working to address the crisis. We asked businesses in our region to share with us the impacts felt in real-time just days into this crisis.
The top economic priority of the business community in our region is an effective public health response to the COVID-19 outbreak. The faster the virus is contained, the faster our economy can resume. While public health officials and others are working around-the-clock to address the crisis. We asked businesses in our region to share with us the impacts felt in real-time just days into this crisis.
What's the impact to your business?
What do elected leaders need to know right now?
Businesses from all industries and sizes spoke up. And what they had to say is sobering. Those providing important services ranging from retail, hospitality, nonprofit, food industry, and property owners are all hurting. Small businesses are feeling it the most.
A SUMMARY OF COMMENTS:
“Laid off employees.”
“Only enough cash on hand to pay the rent and employees for two months.”
“Small businesses will not be able to make up these losses. Especially if we need to close for an extended period of time. We are all doing our best to help our employees and customers but the overhead cost for running a business will continue at normal rates.”
“Interest-free loans with no revenue is just putting employers in tough situations that they may not be able to overcome.”
“Our business operations are affected - travel has been curtailed, employees are attempting to work from home while, in many cases, caring for children out of school or day care. Productivity is dropping and leave policies are being stretched to address unexpected absences and self-quarantine recommendations. IT infrastructure is also being taxed to accommodate remote work.”
“Panic and worry. People aren't taking this seriously, because it hasn't hit. They are also looking for firm direction on what needs to be shut down.”
“We need our counties listed on the SBA disaster loan program. We cannot access these applications because the state has not put us on the list, even though they declared a state of emergency.”
“Now I have five employees who are out of work and I myself have no source of income. I have been in business for 20+ years and have never faced such a drastic challenge.”
“Reduced hours and layoffs appear unavoidable in our near future. Now is NOT the time to implement the CAT. It should be immediately repealed so small businesses are not burdened with yet another tax April 15.”
“I am worried about the fate of my business and my staff. A shelter-in-place mandate will kill my business, but what about my employees who need a paycheck so they can pay their bills? At the same time, I also want to be socially responsible, and not further potential spread of the COVID-10… such a tough situation.”
READ: Oregon coronavirus layoffs number in the thousands: Here’s a running tally - The Oregonian, March 19, 2020