Navigating in a world that is constantly changing is difficult, knowing how to support local businesses shouldn’t be. That’s why we’re continuing our efforts to provide a clear picture of the ongoing impact of COVID-19 on small businesses.
The findings of the Washtenaw County COVID-19 Business Impact Report provide an ongoing look at the impact the pandemic has had on businesses since the launch of this research initiative in early 2020.
“Small businesses are a vital part of Washtenaw County’s economy. Now that it’s nearly a year since the initial onset of the pandemic, we wanted to follow up with entrepreneurs to gain further insight into the impact it has continued to have on their businesses, work environment, mental health and find out what the community can do to remain diligent in their support of local businesses,” said Emily Heintz, founder and managing director of EntryPoint. “Fortunately, as many of the findings in this report suggest, Washtenaw County’s business owners have demonstrated an inspiring ability to carefully navigate their way through a difficult time in human history.”
What you’ll learn in this updated report:
- Whether businesses are hiring now
- Whether businesses received the PPP loan and whether those loans are being forgiven
- The impact of operational shifts on annual revenue and what sectors have been hit the hardest
- Is remote work here to stay?
- Stress and motivation levels of business owners
- Whether businesses believe they will still be in business by this summer
- Ways residents, economic development organization and foundations in the region can help
Also, check out this spreadsheet of Ann Arbor-area Black-owned businesses!
EntryPoint is a nonprofit research institution that aims to promote entrepreneurship across the Midwest. The organization believes that the best research takes a holistic approach to data acquisition and analysis, and as such, seeks to build meaningful partnerships with corporations, community foundations, entrepreneurial support organizations, and other groups. Working in tandem with these partners, EntryPoint develops comprehensive research reports that deliver insights on strengths and challenges facing companies, communities, and the broader region. Research findings are used to design and implement effective programs to promote entrepreneurship by fostering an inclusive culture, expanding networks, and facilitating education and advocacy. EntryPoint is a registered 501(c)(3) organization. To learn more, follow us on social media @EntryPointMI and visit www.entrypointmi.com.