One in six local businesses increasingly fear they won’t survive the repercussions of the COVID-19 pandemic, and several already report shutting down, according to a survey released Wednesday by the Anchorage Economic Development Corp.
“We’ve got a long road in front of us in terms of the damage we’ve incurred already from COVID-19,” said Bill Popp, president of AEDC. “A fair number of businesses aren’t sure they’ll make it through this.”
The survey polled 195 businesses, but not all respondents answered every question. The survey found that 165 respondents, or 85%, said they experienced disruption to their business during the pandemic, including declining sales and job cuts, and changes to work patterns such as more employees working remotely.
Fourteen businesses, or 9% of respondents to the question, said they have already closed permanently, according to the survey, created in conjunction with the McDowell Group, a research firm.
The survey does