COVID-19 Economic Impact Surveys
January - March 2021
Please find the results and conclusions from the 4th wave of the Economic Impact Survey covering January - March 2021, sent out by SPI, the economic development arm of the Summit Chamber. There were 170 responses from around the county and a strong variety of industries.
There is an estimated loss of $115 million in revenue across 2400 Summit County businesses for the first quarter of 2021.
The survey was collected from February 17 thru March 1. Summit County entered Yellow Level during the collection period (Feb 26) and 5 Star businesses were in yellow throughout, so projections were based on expected improvement in capacity. Business confidence has increased as restrictions have loosened. Staffing is improving, but still a significant concern. The core issues are finding staff, staff finding housing, and applicants lacking skills.
September - December 2020
Please find the results and conclusions from the 3rd Economic Impact Survey covering September -December 2020. There were 164 responses from around the county and a strong variety of industries.
There is an estimated $106 million revenue loss through this period.
Note that Summit County went into level orange restrictions midway through the collection period and then went into level red level the week following the collection period so November and December impacts will likely be worse than indicated.
June - August 2020
Please find the results and conclusions from the 2nd Economic Impact survey conducted among Summit County businesses from July 7-18, 2020.
The estimated economic impact from COVID on the Summit County economy for June- August, estimated at $143 million. There were 158 responses to this survey. An estimated 20 - 25% of the workforce has left the community.