Only 31 percent of CEOs expect the New York state economy to return to pre-virus levels of revenue and employment within the next six months according to a special Upstate New York Business Leader COVID-19 Survey from Siena College Research Institute (SCRI), sponsored by the Business Council of New York State, Inc. released in April.
Similarly, while only 5 percent have not suffered due to the virus and 35 percent think that their business will recover within six months, a quarter say by the end of 2020 and 35 percent don’t think their business will return to pre-virus levels until 2021.
“The results of this poll showed what many expected; businesses are hurting, especially smaller businesses and those in sectors whose operations have been most impacted by the reasonable state-imposed restrictions. Perhaps the most encouraging result showed employers expect their own companies and their industry sectors to recovery by early 2021,” said Heather Briccetti, president and CEO of The Business Council of New York State. “At The Business Council we will continue to work with our elected leaders to convey the needs of the business community for a successful economic restart, recognizing that this will only be done as fast as public health considerations allow.
“The good news is, there’s real opportunity for New York state to partner with the private sector, who understands what it will require to ensure a stronger economy moving forward.”



