COVID-19 Impact: Survey Details the Challenges, Actions & Outlook of Small and Midsized Businesses

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37% of small businesses and 46% of midsized businesses feel they won't be able to survive in the current state for more than another three months.

On March 25 – 28, 2020, ADP surveyed 1000 small (1-49 EEs) and midsized (50-999 EEs) U.S. businesses to understand the actions they've taken and challenges they're facing due to the economic impact of the COVID-19 (coronavirus disease) global health event. Here are the results.

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the challenges actions and outlook of small and midsized businesses

Visit the ADP Employer Preparedness Toolkit for critical information and helpful resources on the CARES Act, FFCRA, PPP and much more.

Source: ADP COVID-19 Employer Pulse Survey—March 25-28, 2020. Defined small business (1-49 employees) and midsize business (50-999 employees).

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