McKINNEY, TX (March 20, 2020) – Business owners across North Texas are coming to terms with the reality of their situation when it comes to dealing with COVID-19. The bottom line is the virus, and how governments and society are dealing with it is impacting every business out there in some form or another.
The McKinney Chamber of Commerce released a survey this week and found that 81 percent of business leaders expect their revenue to drop, 74 percent are making changes to their day-to-day operations, 55 percent said they will be tightening the purse strings, and 47 percent are cutting back on staffing for the time being.
Nevertheless, of the businesses we surveyed, all of them said they are taking some kind of measure to curb the impact of the virus. Other major trends we found, is the reliance on technology like the internet and virtual meeting programs, and communication from government officials, the CDC and organizations like the Chamber.
The McKinney Chamber is gathering resources
The McKinney Chamber has focused much of its efforts this week on helping not only member businesses, but ALL businesses in the McKinney area. We have a resource page – We Are #McKinneyStrong – that is being updated regularly. Businesses will find a wealth of information there from SBA Loan lenders in the area and the latest from the CDC to a link to a page with information on restaurants that are offering simplified services and printable resources that businesses can display.
“It’s during times like these where the community has to come together and support one another. Everyone who’s in business is already feeling the effects of what COVID-19 is doing to our community,” said Lisa Hermes, the President and CEO of the McKinney Chamber of Commerce. “Our goal as a chamber is to support every single business in the area and make sure they have access to the information they need.”
The Chamber is currently compiling several more lists with the goal of helping the community, including a list of retailers offering simplified services like curbside pickup as well as a list of daycares offering to help parents, and more.