Explore the impacts of COVID-19 on our business landscape in the East Bay. Our analyses of business closures and survey data underscore the breadth, depth, and severity of its impacts.
EAST BAY BUSINESS CLOSURES
Nearly 8,800 business locations in the East Bay have momentarily or permanently discontinued business activities or closed between March and December 2020, according to an analysis using business data insights from business analytics company Dun & Bradstreet (D&B). This represents about 6 percent of all businesses in the region. To gather closure data, D&B examined a variety of financial information and data signals, including payment transactions activity, trade and shipping data, and leasing information. It is important to note this data includes many office-based businesses that shifted to telework and underreports minority-owned and immigrant businesses, many of which are not traditionally banked.
Nearly a year into the pandemic, we still have a long way to return to a new normal. Despite recent vaccine rollouts and multiple stimulus efforts, our business community continues to experience disruptions and uncertainty. Many are experiencing volatile customer demand, operational challenges because of health and safety requirements, employee hiring and retention, and even workplace outbreaks. Although improving operations and adapting new service models can help some industries to recover, many small businesses face mounting pressure to stretch already slim margins and scant working capital to invest in technologies needed to survive. Federal, state, and local financial programs have provided the necessary temporary relief for struggling businesses to survive, but the longer the pandemic persists, the more difficult a recovery will be. The most heavily impacted industries, such as hospitality and entertainment, also point to a need for more targeted support, particularly because these sectors heavily employ women and minorities.
In addition to accessing assistance through our resources page, please contact us and let us know how we can help you effectively plan for recovery efforts and advocate for solutions that can address your most important needs.
BUSINESS CLOSURE DATA VISUALIZATION
View business closures by location. Use control + select to include multiple locations.
EAST BAY BUSINESS RECOVERY SURVEY
Since the onset of the coronavirus pandemic, East Bay EDA has been dedicated to serving as a resource to support economic relief and recovery as our region continues to grapple with impacts to our business community.
With the support of our cities, chambers and regional partners, nearly 2,000 business owners in the East Bay region responded to our survey during the months of April and May, where they weighed in on the impacts of the pandemic on their operations. During the three-week period of this survey, we learned that many businesses (40%) have closed, and those that were able to remain open experienced significant drops in revenue and were compelled to lay off workers and take other difficult actions to try and survive.
Take a look at the complete survey findings and interactive data below. In addition to accessing assistance through our resources page, please contact us and let us know how we can help you effectively plan for recovery efforts and advocate for solutions that can address your most important needs.
SURVEY DATA VISUALIZATION
View the impacts by week, subregion, business category, and business size.
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