webinar - economic developers alberta resource... · 2020-03-26 · webinar: business &...

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?