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
There have been close to 5,500 business locations in the East Bay that have momentarily or permanently discontinued business activities or closed between March and August 2020, according to an analysis using business data insights from business analytics company Dun & Bradstreet (D&B). In order 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.
D&B’s findings paint a bleak picture of the circumstances facing small business owners and workers alike. Many are experiencing volatile demand, new customer expectations, and operational challenges because of health and safety restrictions. It remains to be seen whether the easing of restrictions could impact whether temporary closures become permanent. 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. Without comprehensive financial relief and more targeted assistance to specific industry sectors, many businesses will continue to face a challenging and uncertain path toward recovery. Take a look at the interactive data below to view business closures by location.
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.
Have a question or media inquiry? Please fill out the contact form below and a member of our team will get back to you. Thank you!
1221 Oak Street, Suite 555
Oakland, CA 94612
+1 (510) 272-6746