Survey: April more optimistic for Greenville business than expected.


Another survey (.pdf) launched by the Greenville Chamber, city of Greenville and Greenville Area Development Corporation charts an increase in optimism among business owners despite a 45% cut in gross income over the month of April.

April's survey demonstrated that 39% of more than 300 Greenville-area businesses polled had voiced concern that COVID-19 may put them out of business, while May's results show a slight decrease to 31%. The drop in gross income didn't reach the 47% projection in the last survey for April, and business owners expect May to bring a smaller revenue reduction at 43%.

About half of the survey participants had received Paycheck Protection Program funding, while 20% of those who have not yet received funds applied for the loan, according to a news release. One-third of respondents had cut some of their work...

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