https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/c2036c03-dbf6-4270-99c5-7afb8a06e2b9/BCED/COVID-19%20survey%20release_BCEDA%20March%2019%20_.pdf?fbclid=IwAR1ZZIJwEAZ2tEUjBl8Ptiuwuz8tAM8ZMvZ2eqPn46x1wCLItxs2UuMhZlE
As of March 18, almost 8,000 businesses had responded to the survey. Final results can be found here. The data paints a dire picture of what businesses are experiencing now and what they expect to be facing in the near future:•90% of businesses are “currently being impacted by COVID-19”•Of those impacted, 83% are seeing a “drop in revenue, business, or deal flow”•91% anticipate a further “decrease in revenue in the near-term” [sic] •73% of businesses expect their revenues will drop by 50% or more (with nearly a quartersayingrevenues will drop by 100%)•Half of the respondents say they will be “temporarily shutting down” their offices.•64% of respondents expect to reduce their staff by over half (with a quarter saying theywill bereducing their staff by 100%
As of March 18, almost 8,000 businesses had responded to the survey. Final results can be found here. The data paints a dire picture of what businesses are experiencing now and what they expect to be facing in the near future:•90% of businesses are “currently being impacted by COVID-19”•Of those impacted, 83% are seeing a “drop in revenue, business, or deal flow”•91% anticipate a further “decrease in revenue in the near-term” [sic] •73% of businesses expect their revenues will drop by 50% or more (with nearly a quartersayingrevenues will drop by 100%)•Half of the respondents say they will be “temporarily shutting down” their offices.•64% of respondents expect to reduce their staff by over half (with a quarter saying theywill bereducing their staff by 100%
