The New North: Latest UW Oshkosh impact survey shows businesses bracing for months of struggles

NEW NORTH, October 28, 2020 – Uncertainty grows for Wisconsin business leaders as they expect another 12 to 18 months of impact from the COVID-19 virus and hold little hope for further government assistance.

Results of the University of Wisconsin Oshkosh’s October COVID-19 business and economic impact survey also reveal a rekindled concern regarding long-term viability, said Jeffrey Sachse, interim director of UWO’s Center for Customized Research and Services (CCRS).

“The latest survey indicates 8.8% of responding businesses estimate viability of no more than three months,” he said. “The decrease in business confidence is again largely a function of the uncertainty that has defined economic activity under the pandemic. As the state and its communities continue to tackle the challenge of the pandemic in different ways, we should expect to continue to see similar levels of uncertainty.”...

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Ken Notes: Ouch...



- - Volume: 8 - WEEK: 44 Date: 10/29/2020 9:08:13 AM -