Greater Memphis Chamber Releases Estimates of COVID-19 Business Impact as of March 20

Memphis, Tenn. (March 20, 2020)- In an effort to quantify impact on local businesses, the Greater Memphis Chamber has launched a COVID-19 Greater Memphis Business Impact Survey. The first survey was distributed to Chamber member businesses on March 19.

Based on responses from 140 business owners in the Greater Memphis region as of March 20, the Chamber estimates the following impacts on Memphis area businesses:

• 21 percent of those surveyed had laid off workers
• Of those layoffs, 77 percent involved a company laying off 10 or fewer workers
• 20 percent of respondents said their office or facility is currently closed
• 48 percent of respondents said their employees were currently working remotely

The Chamber is rolling the survey out to the larger business community today and will continue to execute the survey on a rolling basis. Results will be updated and aggregated daily.

The survey can be accessed through the COVID-19 Business Resources Page from the Chamber’s website at memphischamber.com or a direct link can be found here.

“Our priority is to have minimal disruption to the Memphis and Shelby County economy," said Beverly Robertson, President & CEO of the Greater Memphis Chamber. "The best way we can do that is to communicate and connect to all of our business members.  The information that is shared with us provides us with a clear roadmap to advocate directly on the Memphis business community’s behalf  at a  local, state and federal level.  

"Partnerships with key organizations throughout the city and state are also critical, especially as we are called forward to share our vision for what our business community looks like once we get through the COVID-19 crisis.”

For more information, visit memphischamber.com

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MEDIA CONTACT:
Apryl Childs-Potter

Chief Marketing Officer

Greater Memphis Chamber

apotter@memphischamber.com