Survey Reveals Impact of COVID-19 on Florida’s Small Businesses

FOR IMMEDIATE RELEASE

CONTACT:
Megan Sweat, Media Relations Manager
msweat@flchamber.com
850.521.1258

Survey Reveals Impact of COVID-19 on Florida’s Small Businesses

TALLAHASSEE, Fla. (October 22, 2020)— To explore the impact of the COVID-19 pandemic on the state’s small businesses, the Florida Chamber Foundation, the Florida Small Business Development Center (SBDC) Network, and the University of West Florida Haas Center partnered to conduct a Small Business COVID Impact Survey. More than 4,800 individuals completed the survey, covering 95 percent of Florida’s counties and representing all industry sectors.

Researchers investigated the contributions of businesses with fewer than 100 employees on the state’s economy and found that 60 percent of net new job gains in Florida since 2012 have come from small businesses with less than 100 employees, confirming the important role small businesses play in the state’s economy.

The study illustrates the significant uncertainty that exists among small businesses in the state, with a staggering 60.8 percent revealing they are extremely concerned about the economy and 45.4 percent expressing their concern about their ability to operate in the future.

More than half of businesses either voluntarily closed or were forced to close their doors, with more than 30 percent revealing their operations were still suspended during the time of the survey. With 85.1 percent of business leaders surveyed indicating lost revenue, a majority of businesses have taken advantage of relief programs and received PPP loans, but these businesses say additional support is still needed in order to remain operating.

Florida’s 2.7 million small businesses are the backbone of Florida’s economy. They are the job creators, wealth generators, and the hope for a brighter future for millions of Floridians. To highlight the growth and ongoing role small businesses play in our economic development, the Florida Chamber Foundation has added new data to track the growth of businesses with fewer than 100 employees. Visit TheFloridaScorecard.org and click on the Innovation & Economic Development icon at the top.

The impact COVID-19 has had on them has been devastating and this research identifies the ongoing challenges small business leaders and their employees face. To view the full report, visit www.FLChamber.com/COVIDImpact.

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The Florida Chamber Foundation is the business-led, solutions development and research organization working in partnership with state business leaders to secure Florida’s future. The Foundation’s “Six Pillars” serve as a visioning platform for developing the first-ever, long-term strategic plan for the state. The Foundation’s work focuses on: 1) Talent Supply and Education, 2) Innovation and Economic Development, 3) Infrastructure and Growth Leadership, 4) Business Climate and Competitiveness, 5) Civic and Governance Systems, and 6) Quality of Life and Quality Places. Founded in 1968, the Foundation is a crucial voice for improving the state’s pro-business climate to enable Florida to grow and prosper. Visit www.FLFoundation.org  for more information. 136 South Bronough Street, Tallahassee, FL 32301

Global Florida Webinar: Tools for Going Global

Thank you for your interest in the Florida Chamber’s Global Florida webinar. We appreciate the opportunity to provide business leaders like you with an in-depth discussion on trade opportunities for your company.

Get connected to global opportunities by becoming a member of the Florida Chamber’s International Program. Contact Dan Tapia at dtapia@flchamber.com or (850) 521-1206.

Download a Complimentary Presentation Today

Complete the form below to get a complimentary copy of the Florida Chamber of Commerce Global Florida presentation from August 30, 2019.

Global Florida Presentation: August 2019
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Experts to Highlight Global Florida Exporter Tools

Florida’s economy will grow by 50 percent in the next 10 years and trade will more than double. Will your company take part in this growth, or will your competitors beat you to the punch?

Join the Florida Chamber of Commerce for our next Global Florida Webinar on Friday, August 30 at 10:00 a.m., to learn about valuable tools that are available to help you succeed in the international market place, including export marketing plans, trade show grants and gold key/matchmaker grants.

Florida Chamber Global Florida Webinar
Valuable Tools for Going Global and Florida’s Economic Overview
Friday, August 30, 2019, 10:00 – 11:00 a.m.

Don’t miss this opportunity to stay informed and take part in this important discussion. Contact Dan Tapia at dtapia@flchamber.com or (850) 521-1206 to register today!

Get Involved

Get connected to global opportunities by becoming a member of the Florida Chamber’s International Program. Contact Dan Tapia at dtapia@flchamber.com or (850) 521-1206.

Global Florida Webinar: Pacific Alliance

Thank you for your interest in the Florida Chamber’s Global Florida webinar. We appreciate the opportunity to provide business leaders like you with an in-depth discussion on trade opportunities for your company.

Get connected to global opportunities by becoming a member of the Florida Chamber’s International Program. Contact Dan Tapia at dtapia@flchamber.com or (850) 521-1206.

Download a Complimentary Presentation Today

Complete the form below to get a complimentary copy of the Florida Chamber of Commerce Global Florida presentation from July 24, 2019.

Global Florida Presentation: July 2019
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2019 Florida International Trade & Investment Conference Presentation

Thank you for your interest in the Florida Chamber’s Florida International Trade & Investment Conference presentation. We appreciate the opportunity to provide business leaders like you with an in-depth discussion on trade opportunities for your company.

Get connected to global opportunities by becoming a member of the Florida Chamber’s International Program. Contact Dan Tapia at dtapia@flchamber.com or (850) 521-1206.

Download a Complimentary Presentation Today

Complete the form below to get a complimentary copy of the Florida International Trade & Investment Conference presentation.

FITIC: May 30, 2019
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Global Florida Webinar: World Trade Month Edition

Thank you for your interest in the Florida Chamber’s Global Florida webinar. We appreciate the opportunity to provide business leaders like you with an in-depth discussion on trade opportunities for your company.

The Global Florida presentation from April 330 includes information on an update on World Trade Month.

Get connected to global opportunities by becoming a member of the Florida Chamber’s International Program. Contact Dan Tapia at dtapia@flchamber.com or (850) 521-1206.

 

Download a Complimentary Presentation Today

Complete the form below to get a complimentary copy of the Florida Chamber of Commerce Global Florida presentation from April 30, 2019.

Global Florida Presentation: April 30, 2019
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Solidifying Florida’s Role in Trade and Logistics

 

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Why It Matters to Florida

If Florida were a country, we would have the 17th largest economy in the world. Florida is not just competing with other states, we are competing with other countries. This speaks to the need to continuing to focus on diversifying our economy and markets of opportunity is an important strategy for success and continued growth. Florida is well positioned to not only benefit from international trade but play a pivotal role in new and emerging trade lanes. Eighty percent of the world’s purchasing power, 90 percent of economic growth, and 95 percent of consumers will live outside of U.S. borders. By 2030:

  • The volume of global goods trade and the value of services trade is expected to nearly double.
  • The world’s population will increase to 8.4 billion.

Florida’s GDP is fueled by trade. Florida is the seventh-largest export state in the U.S., with $52 billion in exports originating from Florida in 2016. Exporting is big business in Florida – 60,000 Florida companies export and we have the second highest concentration of exporters behind California. Economic development in areas such as international trade, sea port, manufacturing, aerospace, aviation and other targeted clusters is tied directly to innovation, diversification and how well Florida can adapt to growing and changing trends.

Florida’s Competitiveness Agenda

According to the Florida Chamber Foundation’s Trade and Logistics 2.0 Report, Florida can create more than 150,000 high-wage jobs by growing manufacturing, exports and trade and logistics. In order to take advantage of changing trade routes, a historic expansion of the Panama Canal, and targeted infrastructure investments, we must continue to leverage and grow opportunities.

Strengthening Florida’s rapidly growing manufacturing industry will be the key to ensuring a robust global future. The Florida Chamber supports initiatives that encourage growth in the manufacturing, trade and logistics industries as well as assist Florida companies be more competitive and have greater access in the global marketplace. The Florida Chamber will also continue to support strategic investments in our trade infrastructure, work to build a “talent supply chain” for trade, logistics and manufacturing workers and ensure an ongoing strategic presence in Washington, D.C. – advocating and positioning Florida for a leadership role at the federal level.

The Fight for Free Enterprise Continues

In order to become the number one state in the nation for innovation and economic development, we must continue to attract and retain high-skilled talent, target growing industries and continue to work toward the recommendations set forth in the Florida Chamber Foundation’s Trade and Logistics 2.0 report.

Act Now

Learn how you can become involved in the Florida Chamber’s International efforts by contacting Alice Ancona and Dan Tapia. or visit www.FloridaChamber.com/InternationalProgram.

2019 Global Trade Outlook

Thank you to those who were able to join us for our recent Florida Chamber Global Florida webinar. We appreciated the opportunity to provide an update on Florida’s 2019 Global Trade Outlook, as well as trends and key factors.

If You Missed the Webinar, Here are Three Big Takeaways:

1. Gonzalo Arance, Deputy Director, Enterprise Florida, Inc. – Spain Office, shared a trade outlook, an update on market strategies in Spain, and discussed various markets of opportunity including pharmaceuticals and banking. Arance also highlighted the strong economic ties between Spain and Florida, noting that Florida is the state with the largest presence of Spanish companies.

2. Hesam Houryaband, Deputy Director, Enterprise Florida, Inc. – Canada Office, discussed the deep economic ties between Florida and Canada, as well as provided an outlook on Canadian Foreign Direct Investment opportunities in Florida, which include Aerospace, Fintech and software design.

3. Alice Ancona, Director, International Strategy & Policy, International Trade and Investment Office, Florida Chamber of Commerce, provided an overview of Florida’s latest trade numbers and trends, which included a lower global trade forecast as trade tensions continue through 2019. Ancona also discussed Florida’s diversified trade ties to Europe, most notably with the United Kingdom, Germany, France and Spain.

Download a Complimentary Presentation Today

Complete the form below to get a complimentary copy of the Florida Chamber of Commerce Global Florida presentation from January 31, 2019.

For more information, please contact Dan Tapia at dtapia@flchamber.com or 850.521.1206.

 

Global Florida Presentation: Jan. 31, 2019
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New Florida Chamber Foundation Report Shows More Floridians with Disabilities Are Employed

Challenges and Opportunities Remain to Create Opportunities for Economic Prosperity

 

Tallahassee, Fla. (Jan. 17, 2019) – The Florida Chamber Foundation today released their Study of Employment of Floridians with a Disability Report, which shows more Floridians with a disability were employed in 2017- with the unemployment rate for Floridians with a disability falling nearly 7 percentage points from 2013 to 2017.

 

The report, which also includes county data for several metrics, shows that:

  • There are an estimated 2.67 million Floridians who indicate that they have a disability-13.4 percent of all Floridians. In the 18 to 64 age group — the group most likely to be in the workforce — 1.2 million Floridians indicate they have a disability.
  • The employment of Floridians with a disability has increased from 347,119 in 2013 to a total of 386,739 in 2017 —that’s an increase of 39,620 people.
  • Florida’s unemployment rate for people with a disability has dropped from 23.2 percent to 16.3 percent from 2013 to 2017.

“It is very important that we conduct research as a basis to consider progress and to determine what we and our partners are doing to make Florida’s workforce more inclusive for people with disabilities,” said Dr. Susanne Homant, President and CEO of The Able Trust. “This study not only shows how Florida as a whole is doing, it gives us insight into how each individual county is doing. We have a large untapped workforce resource in Florida and I urge business leaders to take some time to investigate this group. There are some really talented potential employees just waiting for an opportunity.”

 

While a declining unemployment rate for Floridians with disability is good news, challenges and opportunities still remain.

 

“As we look toward 2030, we know Florida will need to create approximately 1.7 million net new jobs, many in industries that don’t exist today,” said Dr. Jerry Parrish, Chief Economist of the Florida Chamber Foundation. “As we look at the number of people who are not in the workforce and compare it to future needs, it’s important to continue our state’s momentum and focus on creating pathways toward economic opportunity, diversifying and growing our economy, and ensuring Florida’s cradle to career system is ready to create the talent Florida’s businesses need.”

 

According to the Florida Chamber Foundation’s research, strategies to improve employment by persons with disabilities include:

  • Continue to Grow and Diversify Florida’s Economy
    The Florida Chamber Foundation recently released their 2019 Economic Outlook & Jobs Forecast for Florida, which shows that Florida is expected to create 150,000 new jobs in 2019, with a low chance of an economic recession. At the same time, Florida’s businesses continue to look for talented workers. In fact, according to TheFloridaScorecard.org*, there are 277,400 jobs looking for people and 335,000 people look for jobs. A healthy economy could mean more opportunity for workers with disabilities looking to enter the workforce
  • Grow Skills Training Opportunities
    Increasing the number of company and government internships, apprenticeships, mentoring, and other workforce experiences for persons with a disability, would allow more people to get valuable work experience to help them get that all-important first job or a job that lets them re-enter the workforce. Programs like The Able Trust’s High School High Tech and the Florida Chamber Foundation’s Person’s with Disabilities Internship Program seek to work with businesses to create hands-on training and skills development for persons with disabilities.
  • Remove Penalties Toward Economic Opportunity
    As the Florida Chamber Foundation’s Prosperity Initiative looks at the impact of fiscal cliffs, its important to remember that Floridians with disabilities face their own set of “fiscal cliffs,” or challenges to opportunities. Removing the penalties for workers with disabilities will help ensure that marginal increases in incomes do not result in severe losses of those programs that actually help them live independently and help them become able to work, provide for themselves, and advance in their careers.
  • Reduce Overall Poverty in Florida
    According to TheFloridaScorecard.org, Florida’s poverty rate currently sits at 15.5 percent, meaning more than 3 million Floridians today are dealing with the issues poverty brings. There is a connection between poverty and disability, in that if you reduce poverty you reduce the incidence of disability, and vice-versa.

 

The report, an update on the research released in 2016 and part of the Florida Chamber Foundation’s ongoing research, can be found at www.FloridaChamber.com/EmploymentReport2019.

 

For county specific data or for more information on the report, please contact kbustamante@flfoundation.org.

 

*as of 1.16.2019

 

 

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The Florida Chamber Foundation is the business-led, solutions development and research organization working in partnership with state business leaders to secure Florida’s future. The Foundation’s “Six Pillars” serve as a visioning platform for developing the first-ever, long-term strategic plan for the state. The Foundation’s work focuses on: 1) Talent Supply and Education, 2) Innovation and Economic Development, 3) Infrastructure and Growth Leadership, 4) Business Climate and Competitiveness, 5) Civic and Governance Systems, and 6) Quality of Life and Quality Places. Founded in 1968, the Foundation is a crucial voice for improving the state’s pro-business climate to enable Florida to grow and prosper. Visit www.FLFoundation.org  for more information.

The Future of Trade & Logistics

In 2010, Florida’s public and private leaders identified a once-in-a-generation opportunity to transform the state’s economy by becoming a global hub for trade, logistics, and export-oriented manufacturing activities.

Since the publication of the Florida Trade and Logistics Study in 2010 and Florida Trade and Logistics Study 2.0 in 2013, Florida’s infrastructure and transportation systems have helped create a stronger global economy, increased trade and are increasing trade and creating new jobs.

So what comes next?

Tell us your thoughts on the future of trade & logistics in Florida by filling out the form below.

 

Get Involved in Trade & Logistics 3.0
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In The News: State Needs to Adapt

 

Click Here to Learn How You Can Get Involved in Florida 2030
 

The Florida Chamber Foundation is traveling the state, releasing the preliminary recommendations from Florida 2030- Florida’s blueprint for 2030 and beyond. Earlier this month, your Chamber Foundation team was in Jacksonville, discussing the importance of quality of life, collaborating at the speed of innovation and more.

Click below to read the Jacksonville Daily Record’s report on Florida 2030- and learn how you can help us continue the conversations.

 


 

Florida Chamber: State needs to adapt

Florida’s population will continue to explode, technology will disrupt every industry and the best and brightest residents will leave for better opportunities unless the state works cohesively to prepare for its future.

That was the message of a Florida Chamber Foundation “Florida 2030” workshop Monday. “Florida 2030” is designed as a blueprint for attracting and retaining talent, pursuing innovative ideas to diversify the economy and educating the workforce in a rapidly changing job market because of technological advances.

Tony Carvajal, executive vice president for the foundation, said Florida has seen robust growth compared to the rest of the country, accounting for 1 out of 11 jobs created nationally since the Great Recession about a decade ago.

The state is estimated to grow to 26 million citizens by 2030, an increase of about 5 million from today, and 1.7 million new jobs will be needed to sustain that growth.

Click here to read the full article published in the Jacksonville Daily Record.

 

CONTINUE THE CONVERSATION

Learn more aboutFlorida 2030 report at Florida2030.org.

Florida College Prepaid Foundation Shares Their Story

With a growing population and the need for 1.7 million net new jobs by 2030, Florida must take action today to have a strong, well prepared workforce in the future. The Florida Chamber Foundation’s Florida 2030 research states that innovation is transforming industries and jobs and the majority of jobs today require some form or post-secondary education or training.

In our latest Florida Horizon video series, Florida Prepaid College Foundation Director Cynthia O’Connell discusses their efforts to ensure future success for Florida students, their families and communities.

 

 

Learn About Florida 2030 Be Part of the 2019 Workforce Summit

 


Registration Now Open: Global Florida Dinner

 

Register    International Program     Trade Mission

 

Register today for the Florida Chamber’s 2019 Legislative Fly-In and Global Florida Dinner, and join international stakeholders from across the state, as well as members of the Consular Corp and foreign trade offices for a dynamic discussion on how to maintain and expand Florida’s position as an international trade leader.

 

Historic Milestone: Florida Population Surpasses 21 Million

Tallahassee, Fla. (Oct. 24, 2018) – The Florida Chamber Foundation today announced a historic change to Florida’s population- according to estimates found on TheFloridaScorecard.org, Florida’s population has surpassed 21 million people.  The Florida Chamber Foundation’s Executive Vice President, Tony Carvajal, released the following statement:

TheFloridaScorecard.org, which houses thousands of metrics on Florida and each of Florida’s 67 counties, estimates that Florida’s population has now surpassed 21 million people. As the third largest state in the nation- that as of 2017 was steadily outpacing growth in states like New York- and with an economy that this year topped $1 trillion, Florida’s growth brings opportunity to our state.

 

But growth is not without its challenges. TheFloridaScorecard.org also estimates that by 2030, Florida will welcome nearly 5 million more residents. The Florida Chamber Foundation’s Florida 2030 research provides a blueprint for Florida’s growth and asks- is Florida ready? A growing population means our state must be ready to produce more jobs and prepare for current and future workforce needs, accommodate more drivers on the road, respond to growing water and energy demands and more.

 

Florida is a leader in the nation for job creation and as we plan for 2030, we need to ensure our state is able to remain globally competitive, fuel prosperity and high-wage jobs, and foster vibrant and resilient communities. Florida’s business leaders are working together with community, industry, philanthropic and elected leaders across the state and aligning our state under one goal- to secure Florida’s future.”

ICYMI: What is Florida 2030 and how will it impact every community in Florida?  Visit www.Florida2030.org to download the Florida 2030 Key Targets & Strategies report and to learn more.

Learn More

For an indepth review on population numbers and other metrics, or to set up an interview with the Florida Chamber Foundation’s Chief Economist, contact Kat Bustamante kbustamante@flfoundation.org.

2018 Atlanta Federal Reserve Presentation

Thank you for joining us at the 2018 Atlanta Federal Reserve presentation in Jacksonville. Below, click on the picture to  download the presentation provided by Dr. Jerry Parrish. For up to date data, contact Dr. Parrish at jparrish@flfoundation.org.