Survey Update: The Latest Business Impacts of COVID-19 on New England Private Companies

Over the last few months, we have continued to see unparalleled levels of uncertainty across the U.S. economy and business community. We conducted a follow-up survey of private companies in New England to determine how the impact of COVID-19 has shifted since June, and gauge how local financial leaders are currently responding to the pandemic. Key insights include:

• 83% Anticipate allowing more staff to work remotely post-pandemic
• 80% Have an overall positive or neutral feeling about the business economic outlook for 2021
• Loss of revenue (67%, –12%) and employee safety (56%, –3%) remain the top two concerns
• 56% Saw a decrease in sales (+6%)

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