ANN ARBOR – Sixty percent of Washtenaw County businesses said they lost more than 50 percent of their expected revenue since February, according to a report released by EntryPoint.
The nonprofit research group surveyed more than 400 Washtenaw County businesses about the coronavirus pandemic’s impact on the local economy. The survey found that 60 percent of survey respondents say they saw a 50 percent decrease in revenue since February. An additional 12 percent saw between 30 and 50 percent of revenue decline, according to the report.
Almost all survey respondents – 97 percent – said they have been impacted by COVID-19, according to the report. A majority of businesses, or 62 percent, were considered “non-essential” under the state’s “stay home” order, which required businesses that were not necessary to sustain or protect human life to close in-person operations. Only 17 percent of businesses in the county are hiring, the report shows.
To read the full report, click on https://entrypointmi.com/washtenaw-county-covid-19-business-impact-report/