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Agenda - 11-12-20; ITEM 3 - Update on COVID-19 Long Term Recovery Planning
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Agenda - 11-12-20; ITEM 3 - Update on COVID-19 Long Term Recovery Planning
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11/6/2020 2:59:30 PM
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11/6/2020 2:50:49 PM
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BOCC
Date
11/5/2020
Meeting Type
Work Session
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Agenda
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ITEM 3
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DRAFT <br /> <br />2 <br /> <br />9. Forty-three percent of respondents used furloughs and/or layoffs to reduce payroll expenses <br />between March and August. <br />10. Over the next three to six months, sixty-nine percent of businesses expect revenue to decrease, <br />and 23% of the respondents expect that decrease to be more than 50% of gross revenues. <br />However, most employers (76%) intend to maintain the size of their current workforce over the <br />same period. <br /> <br />Profile of Respondents <br />The Economic Impact Assessment survey yielded 311 responses. Consistent with the County’s overall <br />population distribution, most of the responses (53%) came from organizations located in Chapel Hill. <br />Another 58 responses (19%) were from businesses located in Carrboro, 38 responses (12%) came from <br />organizations in Hillsborough, and two responses came from businesses located in the portion of the <br />City of Mebane located in Orange County. In total 84% of total responses came from businesses located <br />in the incorporated municipalities. Five percent (5%) of the responses were from businesses located in <br />the unincorporated part of the County. <br /> <br />The survey also asked respondents to identify the zip code in which their headquarters is located. The <br />following map illustrates respondent distribution by zip code. Again, the highest concentration of <br />respondents is located in zip codes that include the Towns of Chapel Hill and Carrboro. <br />Chapel Hill <br />53% <br />Carrboro <br />19% Hillsborough <br />12% More Than One Location <br />6% <br />Unincorporated Orange <br />County <br />5% <br />Outside of Orange County <br />4% <br />Mebane <br />1% <br />Survey Respondents by Business Location <br />n=311 <br />23
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