Impact of COVID-19 may be longterm

A survey of Missouri business owners, by the Missouri Chamber of Commerce and Industry, to determine how they were being impacted by the COVID-19 pandemic guidelines, showed some distressing news, according to Lebanon Area Chamber of Commerce Executive Director Darrell Pollock.

And, he said, the survey shows that 17 percent of those surveyed expect to permanently lay off employees….

 

At the end of the crisis, only 14 percent of Missouri businesses expect an increase in revenue, there is 68 percent that expects a significant decline in revenue.
Pollock said local Mom and Pop type shops and dine in restaurants are being hard hit with some having a 100 percent drop in revenue. He said some Laclede County businesses are planning to go home-based, which means that we may see additional vacant storefronts.