webinar - economic developers alberta resource... · 2020-03-26 · webinar: business &...
TRANSCRIPT
Webinar:
Business & Economic Recovery Tools
March 25, 2020
Agenda
2
Alberta Online Survey Results Resources:
• BDC o Michael Selci, SVP Prairies o Shannon Preus, Regional
Manager, Partnerships • EDC
o Mark Livingston, Regional VP
Alberta online
business survey
Launched March 19 Gather consistent, high level
data on the impact of the COVID-19 pandemic to Alberta businesses
Identify immediate and emerging business needs
Provide data to our economic development partners so they can provide the best response possible
47% 27%
18%
8%
How long have you been in business?
Over 10 years
1-5 years
5-10 years
Under a year
14%
86%
Are you a franchise?
Yes
No
77%
22%
1%
Primary Location
PhysicalHome-basedOnline
Customer Demand
Business Operations
Business Development/Sales
Employee Availability
Supply Chain
Not Sure Yet
Technology
78%
76%
65%
33%
28%
12%
4%
How has COVID-19 impacted your business to date?
54% 31%
15%
Do you have employees?
I am the business owner,I have employees
I am self-employed, I amthe only employee
I am self-employed, Ihave employees
40%
34%
26%
Employee Status
I have laid someemployees off
We are open will full staff
I will be laying offemployees
26%
45%
29%
Do you have an employee assistance plan?
Yes
No
Not sure
23%
48%
29%
Do you have business continuity insurance?
Yes
No
Not sure
40% 60%
Can your business model be adapted to service customers
without physically being open?
Yes
No
69%
26%
5%
Do you have a vendor list to notify them about your
business status?
Yes
No
Not sure
77%
21% 2%
Do you have a customer list to notify them about your business
status?
Yes
No
Not sure
Understanding grants/financial…
Cash flow/operating expenses
Property/business tax deferral
Employee support/advice
Municipal utility service fee…
Insurance advice
Don't know yet
77%
69%
40%
36%
35%
34%
25%
Immediate Business Needs
Understanding grants/financial…
Cash flow/operating expenses
Property/business tax deferral
Employee support/advice
Marketing/Getting Customers
Insurance advice
Don't know yet
66%
60%
30%
35%
32%
28%
27%
Needs in 1-2 Weeks
Not sure
I can't meet expenses now
1 month
3 months
1 year
6 months
24%
23%
20%
16%
10%
7%
How long can you manage?
Business Development Bank Canada (BDC): Michael Selci & Shannon Preus
Companies should reach out to their primary Bank or Credit union for assistance firstly. Companies should discuss with suppliers both supply chain impact and potential relief. See assistance from BDC/EDC once above
channels in place. How to navigate BDC for requests.
BDC – Navigating Help for Businesses
Company must be viable prior to the crisis. Working capital loans up to $2M with
flexible repayment terms such as principal postponements for qualifying businesses. Reduced interest rates on new eligible
loans. Payment postponements for existing
clients.
BDC helping viable businesses survive!
Export Development Canada (EDC): Mark Livingston
Resources
www.EdaAlberta.ca www.RestoreYourEconomy.org
www.bdc.ca www.edc.ca
Questions?