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Survey of nearly 1,300 British Columbia businesses reveals,just over half of those expect to reopen
BY , Apr 21, 2020 10:58 PM - REPORT AN ERROR
FILE - In this March 16, 2020, file photo, a bread delivery is made to a Shake Shack restaurant in the Brooklyn borough of New York. The burger chain Shake Shack says it will return a small-business loan it got to help weather the coronavirus crisis after topping up its funding. (AP Photo/John Minchillo, File)
A survey of nearly 1,300 British Columbia businesses reveals just over half of those already closed to due COVID-19 restrictions expect to reopen.
The BC Chamber of Commerce and several partners took part in the Mustel survey, which shows a further 38 per cent of businesses are unsure about reopening and eight per cent already know they won't be back.
Of the small businesses still operating, the survey shows 43 per cent estimate they can only survive for a maximum of three more months under current restrictions.
More than half report revenues have plunged 75 per cent or more and almost eight in 10 are not confident they will be able to attract enough customers or revenue to stay alive when normal operations resume.
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