In response to the unparalleled economic impacts of COVID-19, the Cowichan Valley Regional District (CVRD) and community partners have compiled the results of a “second survey” to assess the changing effects of the pandemic on the local business community.
The survey, conducted in August, was completed by 101 owners and/or operators representing a broad cross-section of Cowichan businesses. The results show that the Cowichan economy has experienced a modest improvement since the first survey conducted in May 2020, yet suggests we should not expect to recover to pre-COVID-19 employment and business levels in the foreseeable future. The services sector has been hardest hit, particularly businesses heavily reliant on tourism.
Businesses are responding to the crisis with increased sanitation protocols and reduced operations, while struggling with consumer confidence. Yet, many businesses are innovating, particularly in terms of seeking to engage more in the digital economy, but also with the introduction of new products and services.
This was the second in a series of surveys that will be shared with the business community in the coming months, and will feed into the work of Economic Development Cowichan and other economic development organizations in the region.
The full results of the COVID-19 Post Disaster Needs Assessment Surveys can be reviewed on the CVRD website.