IEDC COVID-19 Survey Template
Many EDOs have surveyed or are planning to survey their businesses to learn more about how they have been affected by COVID-19.
Surveys vary according to what the EDO deems most important or actionable to know about. If your EDO has not yet created a survey and is looking for a template, IEDC has developed a list of questions (download the Word document here) that can be plugged into your preferred survey platform.
IEDC Member SURVEYs
In order to understand how the economic development profession is responding to the COVID-19 crisis, IEDC has undertaken two member surveys. Links to full articles about each are displayed below:
Following up on an initial survey in early March, IEDC conducted a second survey of economic development organizations (open from March 30 to April 5) to get an update on their strategies for responding to COVID-19 and what challenges they are facing.
On March 3, IEDC sent out a survey to economic development organizations (EDOs) to learn more about the impacts of COVID-19 on the businesses in the community, the role EDOs plan to play, and preparation of health departments to deal with widespread outbreaks. The survey was sent out again on March 12 to continue to learn about what EDOs are doing as COVID-19 impacts individuals, businesses, and communities more widely. Although the impacts of COVID-19 are changing daily, the results below can help EDOs understand the impacts and challenges other communities are facing.
Surveys from Peer Organizations
Main Street America has conducted an extensive survey and subsequent report entitled The Impact of COVID-19 on Small Businesses Survey. They have found that approximately 3.5 million businesses are in danger of permanent closure over the next two months, and nearly 7.5 million are in danger of closing over the next five months as a result of the COVID-19 crisis. Further, approximately 35.7 million Americans employed by small businesses may face unemployment.
The National Small Business Association polled 950 small business owners on how the virus was impacting their business. It found that:
• Three-quarters of small business owners are very concerned about the economic impact of COVID-19
• Nearly half of small businesses have already experienced reduced customer demand for their products and services
• More than half of small-business owners are now anticipating a recession in the coming 12 months, compared with just 14 percent in January
SURVEYS from Economic development ORganizations
Alternately, if you’d like to see surveys currently in use by other EDOs, check out the links below:
• Greater Seattle Partners: Economic Impact Survey
• Chester County Economic Development Council: Business Impact Assessment – COVID-19
• Illinois Dept. of Commerce and Economic Opportunity: COVID-19 impact
• Saratoga County (N.Y.) Prosperity Partnership: COVID-19 Impact Survey for Saratoga County Businesses
• Iowa Economic Development: Impact of the coronavirus (COVID-19) on Iowa businesses and organizations
• Colorado Springs Chamber & EDC: COVID-19 Impact on Pikes Peak Region Survey
• Salt Lake City Economic Development: COVID-19 Business Impact Survey
• Economic Development Coalition of Asheville & Buncombe County (N.C.): COVID-19 Business Impact Survey
• Virginia Employment Commission: Small Business Survey Regarding Impact of COVID-19
Additionally, in the results of a survey conducted by the Beaverton (Ore.) Chamber of Commerce, approximately 75 percent of responding businesses reported experiencing revenue impacts, with nearly a third expecting revenue to decrease by more than 50 percent. The top five concerns reported were revenue impacts; overall business continuity; lease payments; payroll, and event cancellations.
The British Columbia Economic Development Association reports on the results of a survey that was open March 13-18 and aimed at understanding the specific impacts business were experiencing due to the pandemic. Nearly 8,000 businesses responded,