The U.S. Census Bureau has launched "two new experimental surveys to measure temporal social and economic trends in the nation’s small businesses and households over the next three months" to "provide insight into the scope of the impact of the COVID-19 pandemic response on social and economic measures in the U.S." While plenty in the marketing research and data analytics industry are running studies of such nature during the COVID-19 crisis, including the Insights Association's member surveys, few are likely to reach the Census Bureau's scale.
IA COVID-19 Tracking Survey: Agencies Experience Escalation of Project Postponements, Diminished Sales Pipelines
The second wave of an Insights Association member survey indicates that market research and data collection agencies are experiencing an escalation of project postponements and diminished sales pip
The U.S. Senate approved $484 billion in financial assistance and funding for various programs on April 21, 2020, including the small business loan programs launched and expanded by the CARES Act. The House is expected to follow suit as soon as April 23.
It isn't just the federal government throwing an economic lifeline to small businesses, like those in the insights business, harmed by the COVID-19 crisis. Private entities are launching relief efforts also.
The CARES Act -- the $2 trillion spending law approved on March 27, 2020 to help grapple with the economic damage from the COVID-19 crisis – included the creation of a new lending program to help small to mid-size businesses, dubbed the Main Street Lending Program.
The following are excerpts from the Insights Association's April 10 Virtual Town Hall: Fireside Chat – Corporate Insights Departments Respond to COVID-19. Edited from a session transcript provi
The Coronavirus Aid, Relief, and Economic Security (CARES) Act -- the $2 trillion spending law approved on March 27, 2020 in response to the COVID-19 economic crisis -- also changed the handling of net operating losses in federal tax law, which may be of interest to some insights businesses in need of liquidity.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act -- the $2 trillion spending law approved on March 27, 2020 in response to the COVID-19 crisis -- included provisions extending unemployment insurance, including to categories of individuals usually ineligible, like independent contractors and part-time workers.
The effects of the new coronavirus, COVID-19, have been far reaching and will continue to be felt by Americans for months to come, when everyday life regains a sense of normalcy.