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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 />9 <br /> <br />(25%) reported increases between 20% and 50%. As a result, about half of the businesses reporting <br />higher revenue during the pandemic have experienced gains of over 20% while the other half reported <br />increases of under 20%. <br />20. Percentage Change in Revenue Count Percentage <br />Down 0% to 5% 9 3.1% <br />Down 5% to 10% 14 4.9% <br />Down 10% to 20% 23 8.0% <br />Down 20% to 50% 54 18.9% <br />Down More Than 50% 62 21.7% <br />Up 0% to 5% 29 10.1% <br />Up 5% to 10% 12 4.2% <br />Up 10% to 20% 22 7.7% <br />Up 20% to 50% 32 11.2% <br />Up More Than 50% 29 10.1% <br />Grand Total 286 100.0% <br /> <br />The sector in which a business operates appears to be directly related to revenue outcomes. Of those <br />firms that reported the most severe revenue reductions of 20% or more, over half of those businesses <br />were engaged in food service and drinking places, arts and entertainment venues, and personal services <br />such as hair salons and fitness centers. <br /> <br />Conversely, businesses that reported revenue increases of 20% or more included professional services <br />such as legal services, accounting services, and others. However, some of the same sectors that <br />3 <br />5 <br />5 <br />5 <br />8 <br />9 <br />11 <br />15 <br />17 <br />28 <br />0 5 10 15 20 25 30 <br />Education <br />Healthcare <br />Real Estate/Rental/Leasing <br />Other Services (HVAC, mechanic, plumbing, etc) <br />Accomodations <br />Professional Services (finance, insurance, legal, etc) <br />Retail <br />Personal Services (hair, nail, fitness centers, etc) <br />Arts, Entertainment and Recreation <br />Food Service and Drinking Places <br />Top Ten Sectors Experiencing Revenue Losses of <br />20% or More <br />n=106 <br />30
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