Business survey shows heartbreaking year
-
Share on Facebook
-
Share on Bluesky
-
Share on X
- Copy Link
The City of Vernon’s annual business walk report is painting a picture of a very difficult year for the local economy.
Seventy-five (75) per cent of the businesses that participated in the survey report that business is either “fair to steady” or “good to increasing,” compared to 86 per cent in the 2019 survey. 54 per cent reported that their current state is worse than 2019. 41 per cent projected a better year (2021) for their business and 37 per cent projected for no change.
Ninety-seven (97) per cent of the businesses in the survey were impacted by COVID-19, while 40 per cent indicated a significant negative impact and 37 per cent a low negative impact. 20 per cent indicated positive impact.
“It’s heartbreaking in many ways. It’s important to point out 9 per cent of businesses reported layoffs, it’s devastating to families, five per cent of businesses closed permanently. That is horrible,” Coun. Kelly Fehr said.
