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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 3:34:50 PM
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BOCC
Date
11/12/2020
Meeting Type
Work Session
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Agenda
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ITEM 3
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Agenda - 11-12-20 Virtual Work Session
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\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 11-12-20 Virtual Work Session
Minutes 11-12-2020 Virtual Work Session
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\Board of County Commissioners\Minutes - Approved\2020's\2020
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23 <br /> DRAFT <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 /> 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 /> Survey Respondents by Business Location <br /> n=311 <br /> ,prow'-- <br /> .. . <br /> More Than One Location <br /> 6% <br /> Unincorporated Orange <br /> County <br /> 5% <br /> Outside of Orange County <br /> 4% <br /> Chapel Hill <br /> Mebane <br /> 1% <br /> 6llllIiiiiiia,_ <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 /> 2 <br />
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