Le Lézard
Classified in: Business, Covid-19 virus
Subjects: SVY, SBS

90% Of Small Business Owners Impacted By Coronavirus, Says Alignable Poll Of 217,000


BOSTON, April 7, 2020 /PRNewswire/ -- The negative effects of the Coronavirus on small businesses now is impairing the livelihoods of 90% of small business owners across the U.S. and Canada, with more than one-third reporting they have only a couple of weeks of cash to sustain them. That's according to the latest Alignable Small Business Pulse Polls

These weekly surveys have monitored small business reactions to the Coronavirus threat since March 13, 2020. The ongoing poll has 217,000 responses to date, making it the largest, most representative survey of small business owners available.

As part of that poll, the Top 10 States and Top 3 Provinces have been identified where the small business impact has been the most severe. 

For the U.S., these states are in the worst shape:

  1. Alaska (98%)
  2. Rhode Island (95%)
  3. District of Columbia (94.6%)
  4. Vermont (93.4%)
  5. Washington (92.5%)
  6. New Jersey (91.5%)
  7. New York (91.4%)
  8. Michigan (91.2%)
  9. Louisiana (91.1%)
  10. West Virginia (91.1%)

In Canada, these provinces are struggling the most:

  1. Saskatchewan (93.1%)
  2. Ontario (91.3%)
  3. New Brunswick (91.2%)

A Silver Lining: The Power of Networks & Community

While the situation for small businesses across North America remains dire, a ray of hope emerged yesterday: 60% of all struggling small business owners say they're receiving support from their community to weather the storm.

Networking groups, customers, and other business owners in the same industry were listed among the most supportive segments. The majority of support (52%) was either monetary (16%) or morale-boosting (36%). 

Our Survey Methodology

The surveys were conducted via email with a random sample of Alignable's membership database of 4.5 million+ small business owners.  The large Pulse Poll includes results from March 13 - April 6, 2020, and 217,000 responses from small business owners. The survey on community support includes results from April 4-6, 2020, and 16,900 responses. All surveys include small business owners with 1-50 employees.

Stay tuned for additional poll results from Alignable.com, the largest referral network for small businesses. Media outlets interested in more information or interviews should contact [email protected].

#paytoday 

#shoplocalonline

#SmallBusinessStrong

SOURCE Alignable


These press releases may also interest you

at 12:50
Scotiabank is pleased to announce it will be recognized on The Globe and Mail's 2024 Report on Business magazine's annual Women Lead Here list for the fourth consecutive year. This annual editorial benchmark identifies top-level Canadian businesses...

at 12:47
"We are profoundly saddened at the passing of our firm's senior counsel Senator Joe Lieberman. We were honored when this great statesman joined our firm when he retired from the Senate over ten years ago. We are grateful for his many contributions to...

at 12:46
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:...

at 12:46
Olympus, a leading global medtech company providing innovative solutions for medical and surgical procedures, announced today a milestone for its iTindtm device with its availability and greater patient access through the largest healthcare group...

at 12:46
Amid the demands of dentistry, where resilience is paramount, practitioners confront challenges beyond clinical skills alone. Thriving in this environment requires a particular mindset, enabling professionals to adeptly navigate pressures, maintain...

at 12:45
Flowing Cloud Technology Ltd ("Flowing Cloud" or the "Company"); Stock Code: 6610.HK) is pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively, the "Group") for the year ended December 31, 2023 (the...



News published on and distributed by: