Study: Austin has country's highest share of business owners who fear things won't return to normal

Talk 1370 Newsroom
July 24, 2020 - 11:25 am
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Chuck Burton-USA TODAY NETWORK

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AUSTIN (Talk1370.com) -- A new study by LendingTree shows Austin has the highest share of small business owners who believe the coronavirus has forever changed their operations.

The study looked at responses to the Census Bureau's Small Business Pulse Survey, conducted June 20 to June 27.

In Austin, 16.5% of small business owners said their businesses likely wouldn't return to levels seen a year ago - the highest rate of any metro area in the study. San Antonio came in second, with 14.9%. San Jose, New York, and San Francisco round out the top five.

The next highest ranking Texas metro is the Houston area, ranking 23rd where 10.2% of small business owners say things won't return to normal.

60.6% of the Austin business owners surveyed said they believe it will take four months or longer for things to return to normal; 6 percent said it will take three months or less, while 16.9 percent said there has been little to no effect on their business operations.

More details on the study can be found at LendingTree's website.

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