Survey Details Business Outlook
Dear Members, As you may be aware, the Rochester Area Chamber has partnered with the University of Minnesota, Extension Service to conduct a series of surveys gauging the impact of COVID on business and commerce in the greater Rochester Area. The results of this survey have been shared with policymakers to ensure they are informed of the current state of Rochester area businesses, and have been used to better tailor programming, services, and relief to businesses. Below are the results of the fourth survey. Please note, these are a portion of the full results. Thank you to Olmsted County, RAEDI, and other community partners for their assistance in encouraging survey participation. Be well, Ryan Parsons President COVID Insights Business Survey Submitted by: Jennifer Hawkins and Brigid Tuck, University of Minnesota Extension Who responded? 198 organizations, 74% were from for-profit businesses and 26% were from nonprofit businesses. The mix of firms reflected the makeup of the overall economy for the area. What effects did the pandemic have on the businesses? Questions assessed the effects in several categories including operations, employment and revenues. Operations In terms of operations effect, the number and percentage of businesses reporting they are closed increased substantially. The most affected sector is entertainment and recreation. The survey also asked what impact changes in remote education and reduced childcare options had on their business operations. About half of respondents (52 percent) indicated some level of negative impact, whereas the remaining respondents indicated the effect on their business was neither positive nor negative or to some extent positive.
3
Made with FlippingBook Annual report maker