250-334-3234
Comox Valley Chamber of Commerce | Courtenay, BC
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  • Resources
    • Covid-19 Resources >
      • Stay Strong Comox Valley
      • Financial Support for Business
      • Support For Individuals
      • Human Resources Support
      • Digital and Online Services
      • Pandemic Preparedness
      • How You Can Help
      • Things That Are Open
    • MindReader Program
    • Community & Business Info
    • Certificates of Origin
  • Events
    • Buy Tickets
    • Chamber Awards
  • THE CHAMBER
    • Our Team
    • Board of Directors
    • Corporate Partners
    • News
    • Contact Us
  • Membership
    • Join Us
    • Member Benefits
    • Business Directory
    • Member Login
    • Marketing Opportunities
    • How to Start a Small Business

Economic Impact

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%
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2040 Cliffe Avenue  |  Courtenay, BC  V9N 2L3
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