Skimming a report from the @ClevelandFed about the impact of COVID-19 on businesses in the region. In a March survey, 48% of firms said they'd delayed or canceled capital projects. One manufacturer temporarily stopped hiring b/c it's too hard to train people at a 6-foot distance.

. @ClevelandFed says firms with on-site workers say social distancing has limited productivity. But employers are more concerned about maintaining enough staffing b/c so many workers are worried about getting sick or are juggling increased childcare or elder-care responsibilities.

"A Northeast Ohio manufacturer said his primary challenge is making sure he has enough people to work on any given day. As a result, he has used bonuses to provide incentives to those who are still able and willing to come to the facility," according to @ClevelandFed report.

47.2% of businesses in @ClevelandFed's March survey said they had increased precautionary savings and cash reserves. 21.6% increased use of existing credit lines. 15.2% applied for new forms of financing. Only 3.6% had delayed or renegotiated payments to suppliers or landlords.

Some smaller businesses said they didn't think they could operate under these conditions for more than a week or two. Retailers were most likely to say they can't survive more than three months. "A similar concern was also common among landlords," @ClevelandFed survey found.