Thirty five percent of Wisconsin businesses responding to a UW-Oshkosh statewide survey say they would be forced to close if current conditions persist for more than three months amid the COVID-19 pandemic. More than 25 hundred companies in 63 of the state’s 72 counties responded to the survey earlier this month. Director of the UWO’s Center for Customized Research and Services, Jeffrey Sachse says the survey found nearly 8,800 jobs lost in the earliest days of Wisconsin’s Safer at Home order. There were also losses of $95 million in inventory, $126 million in income, $26.6 million in lost wages and productivity income and more than $400 million in other impacts. Sachse says the impacts are certain to rise when the companies are revisited in a month, two months and six months time. Sachse says the results are understated because 40 percent of the responding firms said they were not able to report specific financial impacts at this time.
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