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.