Survey: Johnson County Businesses Holding On
(stock image courtesy: Pixabay/Aymane Jdidi)
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowBusiness owners in Johnson County say they are struggling but most are confident they will endure the economic hardships associated with the pandemic.
Aspire Economic Development + Chamber Alliance has released the results of a survey of 100 businesses in the county, which sits just south of Indianapolis.
The survey assesses economic impacts of the first month of the COVID-19 pandemic. Aspire says the survey was conducted from April 18-24.
“The state of local business can best be described as down but not out,” said Christian Maslowski, president and CEO of Aspire Economic Development + Chamber Alliance.
Maslowski says the survey covered a broad section of industries in the country, including manufacturing, small businesses, health care, accommodations, and food service.
Aspire says of the companies surveyed 6,200 have full-time positions and 3,500 have part-time jobs.
The survey shows 23% of respondents report making layoffs while 63% have workers who are furloughed or temporarily not working.
Of the Johnson county firms who responded, 75% are reporting a decrease in revenue with 54% saying they have lost between 50% and 100% of their weekly revenue since the shelter in place began.
“The initial waves of the pandemic, social distancing and shelter in place crushed many small businesses into permanent closure. But the diversity of industries operating in the Johnson County area has tempered the long-term damage to our economy, just as it helped temper the economic storm of 2008-09.”
Aspire says it intends to conduct the survey again in one month to track developments.
Click here to view the full summary of the survey.