Business Council of NYS – Upstate Business Leaders Survey Results

Majority of Upstate CEOs Say Return to Pre-Virus Economy Will Take Longer than 6 Months

 

    • By 58-37%, CEOs Say NYS Should Focus on Public Health NOT Relaxing Restrictions for May 1
    • Nearly 90% Downgrading 2020 Revenue & Profit Expectations;
    • 40% Have Laid off Workers; 58% Cutting Back on Buying Equipment
    • 89% Say will be in Business a Year from Today;
    • 61% Confident in Fed Response; 72% Plan on SBA Paycheck Program

 

View all results here.

 

“This information is critical to understanding how we can immediately assist businesses while mapping a slow path to recovery. I appreciate that businesses took time during this incredible crisis to communicate their need to community stakeholders.” – Stacey Duncan, President & CEO, Greater Binghamton Chamber of Commerce and Executive Director, The Agency – Broome County IDA/LDC

 

You can read the full press release here.

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