BARNSTABLE, MA — Nearly 36 percent of Cape Cod businesses only have enough money to survive for six months or less, according to survey results from the Cape Cod Commission.
The Cape Cod Commission, an economic development agency for Barnstable County, surveyed about 400 businesses across the region affected by the coronavirus pandemic. The survey analyzed revenue losses, which industries have been hardest hit and layoffs across the region.
Although the commission has yet to release the full results of the survey, Jennifer Clinton, the commission’s community development planner, confirmed that 35.7 percent of survey respondents only have enough money to operate for another six months or less. Another 42.2 percent said they can survive more than six months, and another 22.1 percent were unsure.
“Unfortunately there are a lot of unknowns around what will happen after this summer, but we’re continuing to gather information on impacts to employment and