Businesses responding to the fourth statewide COVID-19 Wisconsin Business Impact survey sponsored by MadREP and conducted by the University of Wisconsin–Oshkosh reported gains on several key indicators but expressed extreme caution in their business and personal travel plans.
Sixty-five percent of respondents for the survey conducted July 2–10 said they are eliminating all nonessential travel for the remainder of this year, and more than one-third already have decided to do the same in 2021. Forty-three percent of respondents reported some level of comfort with their business’s ability to return to work from home if needed, while a quarter of businesses reported being extremely uncomfortable with such a return. In April, most businesses reported less than 50% productivity in their remote workforce.
The survey represents more than 21,700 employees across the state. Key findings include:
- Inventory gains of $3.38 million;
- Income gains of $11.29 million;
- Wage and productivity gains of $4.18 million; and
- Other financial impacts, $7.2 million.
