MadREP Report | May 20, 2020
Most businesses responding to the second statewide COVID-19 Wisconsin Business Impact survey anticipate the effects of the COVID-19 pandemic to continue through 2020 and beyond.

While twenty-three percent of responding businesses reported not being able to remain open beyond three months if current conditions persist, 32 percent of respondents reported they would likely survive beyond 10 months under current conditions. Jeffrey Sachse, director of University of Wisconsin Oshkosh’s Center for Customized Research and Services (CCRS) indicates these data point to a “greater sense of resilience.”
Madison Region Economic Partnership (MadREP) President Paul Jadin notes, “this longitudinal survey is an effort to assess how businesses are coping through the pandemic and the second observation has yielded some interesting changes from a month ago that will help inform the regional and state response.”

The survey was authored by MadREP in collaboration with its eight county partners and the State’s other eight regional economic development organizations. 

For more business news and funding sources, be sure to check the MadREP website often as we navigate reopening Wisconsin.
Must Reads for This Week
Gov. Tony Evers unveils plan for spending $1B in fed...

An additional $150 million is being used to pay for personal protective equipment, such as masks, gloves and gowns. The state was also spending $40 million on ventilators and holding $445 million in reserve and to prepare for an expected surge in ...

Read more
madison.com
Focus Forward Livestream | Reopening...

View the recording of the May 18, 2020, livestream with WEDC Secretary and CEO Missy Hughes. This livestream touched on guidelines for businesses to protect employees and customers; a resource to connect companies in need of personal protective...

Read more
wedc.org
Researcher finds 2 coronavirus strains in Wisconsin

A scientist at UW-Madison determined a strain of the coronavirus in Dane County was linked to Europe while the strain in Milwaukee County originated from Asia.

Read more
www.wisn.com
Spotlight: Applications Open for $1.5 Billion in EDA...

EDA is now accepting applications from eligible grantees for $1.5 billion in economic assistance to help communities prevent, prepare for, and respond to the COVID-19 pandemic using funds authorized by under the CARES Act that was signed into law ...

Read more
www.eda.gov
COVID-19 Telehealth Program

The COVID-19 Telehealth Program will provide $200 million in funding, appropriated by Congress as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, to help health care providers provide connected care services to patients at ...

Read more
www.fcc.gov
Join this webinar on lessons learned from Wisconsin CEOs on how they are managing the COVID crisis. Hear how government, healthcare and businesses are working together for a Smart Restart on Friday, May 22, 2020 at 11:00 am CT. Register Here
Quarterly global GDP index

The Conference Board® Global Economic Outlook shows that toward the end of Q2-2020, the global economy is expected to begin a slow recovery from the COVID-19 shock. However, a full recovery in global GDP could take a long time.

Read more
conference-board.org
For every person not counted, your county stands to lose $18,000 per decade ($1,800 per year) in government funding. Fill out your Census forms!
Other Resources
SBA: COVID-19

Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.

Read more
www.sba.gov
Greater Madison Chamber Slido

Join the Conversation. Please ask questions related to COVID-19 and business here.

Read more
app.sli.do
WEDC Focus Forward Reopen Guidelines - Working Together...

Wisconsin businesses look forward to a future when they can return to providing products and services to their customers. That future will require the gradual adoption of new business practices that reflect the evolving reality of the COVID-19...

Read more
wedc.org
Unemployment COVID-19 Public Information

Frequently asked questions about the COVID-19 Coronavirus and State of Wisconsin Unemployment Benefits.

Read more
dwd.wisconsin.gov