Share this on FacebookSeptember 28th, 2020 | by NEWCA
The University of Wisconsin Oshkosh’s Center for Customized Research polled more than 450 businesses—including 22 construction industry businesses—throughout the Badger State in early September about the economic impact of COVID-19 on their businesses.
According to The Daily Reporter, the survey “showed businesses losing income after, in July, posting their first increase in income since the pandemic began. The respondents all together reported losing $4.2 million in income in August and seeing $23.9 million in other financial losses.
“Contractors also reported losses after seeing a recovery in July. While two dozen of the respondents saw their income rise by $720,000 in July, 19 respondents reported losing $500,00 in income in a survey in August and 22 said they lost $250,000 in income in the September survey.”
On an up note, the survey found that 15 out of 22 contractors expressed confidence they would survive 10 months or more under the current economic scenario.
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