Results are now available from the Treasure Coast Regional Planning Council (TCRPC) COVID-19 Business Impact Survey. The survey consisted of 24 questions and sought to further understand operational changes businesses have implemented since the beginning of the COVID-19 pandemic and evaluate the impact private and public funding has had on businesses’ ability to stay afloat. Over 200 responses were received representing businesses from all four counties in the region. The survey was conducted during the month of March 2021.
The results of the survey indicate that a majority of businesses in our region have faced many difficult financial decisions and have had to learn, grow, and adjust. At least 64.13% of survey respondents have conveyed an overall negative economic impact on their businesses by the pandemic. When asked what businesses were using to address negative impacts caused by the COVID-19 pandemic, financial programs to mitigate layoffs such as the Payroll Protection Program (PPP) was the top response, followed by reduction in expenses and use of personal savings. Additionally, the most requested resource when respondents were asked what resources, beyond financial assistance, would be most helpful, communications, marketing, and social media to reach their customers were cited. As businesses and our communities continue to navigate the pandemic, understanding data from this survey will be beneficial towards supportive efforts.