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News

ARTICLE

Date ArticleType
4/17/2020 Press Release

Over 60 per cent of local survey respondents say COVID-19 pandemic has impacted their business, reveals Timmins Chamber report

Over 60 per cent of local survey respondents say COVID-19 pandemic has impacted their business, reveals Timmins Chamber report

TIMMINS, ON | April 17, 2020— Today, the Chamber launched the COVID-19 Business Impact Report, shedding light on how the pandemic is affecting local small- to medium-sized entrepreneurs (SMEs). Of the 74 survey respondents, which comprises SME owners and non-profit leaders, 63 per cent indicated an overall reduction in operations.

 

As the regions largest business support organization, the Chamber launched the member survey on Mar. 20 to understand how the Provincial emergency declarations and essential business restrictions has had on local entrepreneurs. The data shows startling statistics, as respondents indicated that 36 per cent had either furloughed, laid off, or significantly reduced employee hours—collectively representing approximately 850 of Timmins labour force.

 

“We know the COVID-19 pandemic constitutes an unprecedented challenge for our local business community with very severe socio-economic consequences,” said Val Venneri, President of The Chamber. “Since the beginning of the emergency declaration, the Chamber has been in contact with representatives from all levels of government, advocating for support that will help mitigate the damage being done to the regional economy.”

 

The report features key asks from entrepreneurs and provides recommendations on how each level of government can better support them during the pandemic. The report’s most pressing priorities included:

 

  • Tax and levy deferrals;
  • Clear, concise, and timely information;
  • Access to cash flow; and
  • Provide funding broadly and expeditiously.

 

To date, the Chamber and its network have effectively lobbied government to implement the vast majority of respondents’ asks.

 

Venneri added, “it is important that survey respondents see timely action and tangible outcomes from their feedback. Knowing their pain points informs our decisions going forward and it is critical that they continue engaging as the emergency declaration weighs on.”

 

In the coming days, the Chamber and City Joint Business Continuity and Recovery Task Force will be rolling out a local survey to continue to gauge the effects of the pandemic and encourage all SMEs as well as non-profit and association leaders to participate.

 

“While we understand there is much to be done, the Chamber is committed to providing the tools and information necessary to meet this challenge in a spirit of solidarity and support of our members,” stated Venneri.

 

To read the Chamber’s COVID-19 Business Impact Report, click here.

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  • Pay an Invoice
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