MCALLEN, Texas – The McAllen Chamber of Commerce has issued its third Business Status Survey since the start of the coronavirus pandemic.
The survey measured the level of confidence business owners have.
Steve Ahlenius, president and CEO of the McAllen Chamber, said:
“McAllen Businesses rank the local economy at 67 percent, which I think is reflective of what is happening in the economy. Business confidence continues to grow, but I would like to see the number in the 80 percent range.”
Asked what the main concerns are, Ahlenius said:
“The most significant two concerns are the second wave of COVID-19 and the economic uncertainty that comes with what is next? There continue to be so many unknowns, and that is never an environment that businesses like to operate in or try to anticipant where to spend money or what do.”
One of the questions focused on the likelihood of a business closing.
“Only five percent of the businesses are anticipating closing in the next year,” Ahlenius said. “Most of the business closures have happened during the last six months, and hopefully, we are through the worst part of business closures and the pandemic and its impact.”
Ahlenius added: “Mexico is still critical to our local economy, and the sooner we can get non-essential travelers from Mexico to allowed cross and shop locally, the quicker the overall economy will pick up.”
Here is the survey:
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