Published Mar 27, 2020 by A.J. Mistretta
Statement Attributable to Bob Harvey, President and CEO, Greater Houston Partnership
“The CARES Act is a major step forward for Houston businesses and their employees who have been impacted by the coronavirus.
We’ve surveyed 850 of our small-to-medium sized member companies and we know they are hurting. Forty-one percent of those surveyed say they can only survive a shutdown or slowdown for one to four weeks, and thirty-four percent have already reduced employee headcount. The funds provided through the CARES Act are essential to ensure Houston businesses are able to meet payroll during this difficult time.
We encourage Houston business owners to work with their lenders as quickly as possible to keep their employees on the payroll and their companies functioning.”
The Greater Houston Partnership surveyed 850 member companies Monday, March 23 – Thursday, March 28, 2020. N=327
A few highlights from this data:
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