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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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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 />10 <br /> <br />reported the most significant losses are also represented in the sectors that have fared well during the <br />pandemic. Food service and drinking establishments, arts and entertainment venues, and retail shops <br />represent forty-six percent (46%) of the businesses reporting revenue gains, although overall number of <br />those reporting gains in those sectors (25) is less than half of those reporting the most severe losses <br />(56). <br /> <br /> <br />Of the 310 respondents to this question, thirty seven percent (37%) identified their business as woman <br />owned. Approximately nine percent (9%) identified their business as minority owned. 2 Three percent <br />(3%) of the respondents were owned by veterans and two percent (2%) where owned by individuals <br />with a disability. <br />These results can be analyzed by revenue impact to discern economic injury disparities by ownership <br />demographic. The following graphics compare the proportion of total survey responses by ownership <br />demographic to gross revenue outcomes across those same demographics. For example, the <br />percentage of total survey responses from woman owned businesses was approximately 37%. <br />However, woman owned businesses accounted for 33% of revenue losses and 44% of overall revenue <br />gains. As a result, woman owned businesses performed better than their representation in the overall <br />survey population. <br />Ownership Demographics <br />Total <br />Responses <br />Revenue <br />Losses <br />Revenue <br />Gains <br />None of the above 49.0% 54% 43.0% <br /> <br />2 The minority owned business count represents any ownership demographic that included at least one identifier indicating minority <br />ownership. <br />2 <br />2 <br />2 <br />4 <br />4 <br />5 <br />8 <br />8 <br />9 <br />10 <br />0 2 4 6 8 10 12 <br />Real Estate/Rental/Leasing <br />Other Services (HVAC, mechanic, plumbing, etc) <br />Transportation <br />Personal Services (hair, nail, fitness centers, etc) <br />Healthcare <br />Education <br />Retail <br />Arts, Entertainment and Recreation <br />Food Service and Drinking Places <br />Professional Services (finance, insurance, legal, etc) <br />Top Ten Sectors with Revenue Gains of 20% or More <br />n=54 <br />31
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