Survey shows WY businesses anticipate revenue loss due to COVID-19


CHEYENNE, Wyo. - According to a statewide survey by the Wyoming Business Alliance, 88.5 percent of Wyoming businesses anticipate revenue loss due to the COVID-19 pandemic.

The Wyoming Business Alliance conducted the statewide survey, which closed on April 1, to capture data showing impacts to Wyoming business in light of the COVID 19. A total of 409 people participated in the survey, representing all counties and a wide variety of businesses, industries and nonprofits. Please click here to see all the results.

Here are some of the survey findings:

  • 62.8 percent plan to keep their workforce the same in response to COVID-19 while 34.9 percent plan to decrease their workforce.

  • Of those responding, plans to either increase or decrease their workforce, 32 percent expected to cut up to 5 employees.

  • 88.3 percent have had to alter their normal plans in light of the COVID-19 pandemic

  • 29 percent plan to close their business temporarily, though many were unsure of the actual length of time.

  • Of those who are a restaurant or retail, 47.7 percent said they were doing curbside pick up while 34 percent offered other delivery options.

  • 57.2 percent were still accepting cash

Findings on anticipated revenue loss

88.5 percent of respondents anticipate revenue loss

  • 11.2 percent anticipated up to 10 percent revenue loss

  • 17.4 percent up to 20 percent revenue loss

  • 13.7 percent up to a 30 percent revenue loss

  • 16.6 percent up to a 50 percent loss

  • 9.8 percent up to a 75 percent revenue loss

  • 11.3 percent up to a 90 percent revenue loss

  • 4.2 percent expected a 100 revenue loss.

Resources considered helpful:

  • 46.2 percent of respondents commented that Financial Assistance in the form of grants, loans, unemployment and tax relief would be helpful

  • 9.9 percent wanted more information and communication


Demographics

  • All counties were represented.

  • 81.6 percent are located within city limits

  • 81.6 percent of respondents have employees


Wyoming Business Alliance


The Wyoming Business Alliance serves as the state's premier business advocate and proponent with the mission of promoting and advocating a growing economy by connecting business leaders from across Wyoming, representing business interests and issues, and partnering with key business organizations and trade associations. For more information, visit www.wyomingbusinessalliance.com.


MEDIA CONTACT:

Cindy DeLancey

President, Wyoming Business Alliance

cindy@wyoba.com

Wyoming Business Alliance

 PO Box 3197, Cheyenne, Wyoming 82003

 307.635.9490

 cindy@wyoba.com

© 2018 Wyoming Business Alliance. Wyoming Business Alliance is a 501(c)(6) organization. Wyoming Heritage Foundation is a 501(c)(3)organization. 

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