Greater Easley and Powdersville News


Date ArticleType
5/8/2020 State News
accelerateSC Releases COVID-19 Business Survey Results

The final results of the accelerateSC COVID-19 Business Survey have been released. Almost 4,500 businesses from nearly all sectors and representing all sizes responded to the survey, with nearly 75% of responses coming from small businesses with less than 25 employees.

A few high points from the survey include:
    • About half of responses indicate that lack of demand is the biggest challenge for businesses; the next most significant problem is the ability to cover payroll (about 38%).
    • Over 40% of businesses have had to lay-off or furlough employees
    • Almost 90% of businesses who responded they have had to lay-off/furlough employees plan to bring at least 50% of those employees back within three months.
    • Almost two-thirds of businesses are concerned about workplace safety liability (OSHA/Workers Compensation) and premises liability (exposure to customers).
    • At least 37% of respondents have received some kind of federal COVID-19-related relief (PPP, EIDL, etc.). In addition, almost 30% have been denied or are still waiting on an answer.

To view the survey results in entirety, please click here.  To learn more about accelerateSC, click here.