This survey was issued March 27-April 4 after similar surveys by the Southeast Conference and Spruce Root did not capture many Haines respondents. The questions on this survey were modeled after those surveys. These results are not meant to represent a “statistically accurate” selection of all Haines’ businesses, but it is meant to take a snapshot of business owners immediate concerns under present circumstances. The results will be shared with local leaders, state government policy makers and others as we try to determine the immediate impact of this health crisis on the local economy. The data may also be used to gauge need for additional state or federal aid or any other programs that become available to support small business during this time. Below are some highlights of the results; please follow the link at the bottom to see complete results. Thank you to all the businesses that took part in this survey.
Survey Results Overview
35 respondents
- Majority respondents are Retail businesses (31%)
- Manufacturing/Wholesale (14%)
- Tour or Guiding Services (11%)
- Other Leisure or Hospitality (including Lodging) (11%)
- Restaurant, beverage or food service (11%)
Other businesses responding include commercial fishing, health or social services, professional services/consulting, childcare, transportation, resources management.
- The businesses responding employ a total of 29 full-time year-round employees, 13 part-time year-round employees and 20 seasonal employees.
- All respondents have experienced some business disruption of business due to COVID-19.
- 63% are still operating; 37% are not operating.
- 17% of respondents are at no at risk of closure at this time; 37% are at a moderate or significant risk of closing under current circumstances. Of those 37%, 9% expect to close within the month; 21% within 1-3 months.
- Just over half of the responding businesses said they have experienced 50% or more in revenue decline in the last 30 days compared to the same time in 2019. Two businesses reported significant increases in revenue.
- About 46% reported they are considering some type of emergency or short-term financing, with the majority of these needing the financing in the next 1-3 months. The majority of these said the financing would be used for operating expenses.
- About 27% of respondents have already laid off employees with about 12% having reduced hours for employees. 27% have told seasonal employees not to report for work.
For complete results: https://www.surveymonkey.com/stories/SM-TDXSTYF9/