. @FedIndianCenter and @ncaied recently surveyed tribal member businesses in #IndianCountry to better understand #COVID19’s impact. Findings show the pandemic’s continuing devastating effects in Indian Country. 1/7

Over 80% of survey respondents report being negatively affected by COVID-19 2/7

As of July 21, 2020, 42% of respondents have had to lay off or furlough employees due to COVID-19. 3/7

More than half of respondents have seen a 40% or greater decline in business revenue due to COVID-19. 4/7

53% of survey respondents in CICD/NCAIED #IndianCountry #smallbusiness survey had less than 3 months of cash reserves on hand. 5/7

48% of survey respondents believe it will take more than 6 months to return to a normal level of operations. More than a quarter of respondents don’t think they will ever return to pre-pandemic level of operations. 6/7

Full summary of survey findings will be posted on our website in September. For more information about @FedIndianCenter at the Minneapolis Fed, visit: https://www.minneapolisfed.org/indiancountry  7/7