The Somerset-Pulaski County Chamber of Commerce is committed to providing leadership, advocacy, and Member services to foster economic prosperity to our region during these uncertain times. We realize that the recent events regarding the COVID-19 Pandemic have created unprecedented circumstances. In light of this, we have taken precautionary measures as well as created resources and provided helpful information to help aid our business community. We are continuing to participate in discussions with the U.S. Small Business Administration, Pulaski County Government, The City of Somerset, the Kentucky Chamber, the local Somerset Health Department, and other key administrations to monitor potential economic disruptions and to seek assistance for our local businesses and employers.
Resources will be updated as new information becomes available.
Employers are required to post the United States Department of Labor:
Employee Rights Under the Families First Coronavirus Response Act
Poster from April 1, 2020 through December 31, 2020. Click here to download.
We always hear how important it is to shop local and support small businesses. Now more than ever that statement rings true.
As everyone is quarantining, and social distancing, local businesses are seeing less foot traffic than normal.
It is important to stay healthy and listen to the government and CDC officials, but it’s also important to help our neighbors when we can.
Here are a few ways we can help support our friends and neighbors during this time.
SHOP LOCAL FIRST – SHOP LOCAL, ONLINE – ORDER TO GO – STAY SUBSCRIBED – BUSINESS-2-BUSINESS COLLABORATION – TIP A LITTLE EXTRA – BUY A GIFT CARD – GET SOCIAL, ONLINE – DONATE
In the midst of the COVID-19 pandemic, the Somerset-Pulaski County Chamber of Commerce surveyed 158 businesses across our community in attempts to illustrate the virus’s impact on our business community. The Chamber invited our membership to provide their feedback over a 7 day period from April 13-April 27, 2020. The majority of responses came from small businesses with more than 50% of surveys submitted from companies with less than 26 employees.
A few highlights from our survey:
- A total of 158 individuals took the survey.
- 93% of respondents believe that their business has been impacted by COVID-19.
- We received well balanced survey participation. The largest participating group were businesses with 1-10 employees with 37.3% of the responses.
- 53.7% of participants were male and 43% female (3.1% did not respond).
- 56.2% of people who participated were between the age of 35 – 54.
- Types of businesses vary drastically, but the largest sector of participation was medical & health services with 15.1%
- 71.5% of the people participating in the survey classified themselves as essential personnel.
- Many businesses have implemented budget reductions and layoffs, but over 33% of respondents are working remotely from home.
- When asked how much has their revenue changed over February / March, 24% of people surveyed said they have seen more than a 50% decrease in revenue.
- Interestingly, 5.6% of respondents said that they have seen a revenue increase in this same time-span.
- A whopping 90.4% of people surveyed said that they strongly support, support or somewhat support the 2.2 trillion dollar coronavirus relief package that Congress recently passed.
- When we asked people when they would feel comfortable safely reopening business in Somerset-Pulaski County, 14.5% of people said immediately ….. and another 49.3% said businesses should reopen at some point on May.
First, COVID-19 has impacted almost everyone’s business.
Second, its obvious that businesses want to get back to work. With many options on our survey, we still saw over 63% of participants wanting to get back to work immediately or in the month of May.
Third, people overwhelmingly support the 2.2 trillion dollar coronavirus relief package that was passed by congress.
Fourth, almost 25% of people surveyed said that their budgets have seen more than a 50% decrease in revenue.
Finally, businesses are staying afloat by adapting and becoming more flexible with the traditional work model. People are working from home, participating in volunteer layoffs and reducing budgets to keep their doors open.
We can now verify that many of the concerns being echoed from our local business community are justified. While people greatly appreciate the short term assistance that the coronavirus relief package has brought, there is still a great deal of unrest inside our business community about getting back to work.
With over 63% of participants wanting to get back to work within the next 35 days, we must give cautious consideration to implementing a phased-in approach to reopening business.
We can also see the world has changed and running a small business won’t be the same in May as it was in February. Overall, COVID-19 has forced businesses to reevaluate their current model and work to find creative and innovative solutions to keep their doors open and profitable.
The Chamber of Commerce believes that a strategic plan today for reopening our local business community will pay dividends for many years to come.
We must continue to have unwavering faith that we, as a region, will survive after the COVID-19 Crisis is over. We must be patient; one step at a time, one day at a time. The Chamber is here to work with our business community, along with our other economic partners, to get out of this crisis and forge a path forward.