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  • COVID-19 July Business Impact Survey Shows Businesses Remain Optimistic, but Cautious

    The Santa Maria Valley Chamber’s COVID-19 Business Impact Survey for July 2020 continues to demonstrate the dramatic impact COVID-19 pandemic is having on business operations and revenue.  Additionally, the impacts of recent roll-backs in the reopening of the California economy were evident, with 76% of businesses responding reporting a decrease of revenue of 25% or more over the last 30 days.

    COVID-19 has required a number of changes to business operations, which have great affected local businesses.  65% of respondents say increased mitigation expenses had the largest impact on their business.

    “Despite the disruptions and negative impacts the pandemic is causing our business community, businesses are optimistic,” said Glenn Morris, president & CEO of the Chamber.  “More than half of the survey respondents reported they are doing okay and expect business to improve in the next 6 months. At the same time, they remain cautious about the broader economy, with nearly three quarters admitting they are unsure what the health of our regional economy will be going forward.”

    The Santa Maria Chamber will be conducting its Business Impact Survey monthly and appreciates those businesses who take the time to respond.  The results from these monthly surveys help the Chamber better understand how we can tailor efforts to assist the local business community, especially in this challenging time.  If you would like to be added to our mailing list to receive our next survey, email molly@santamaria.com.