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Survey: Local businesses still facing plenty of financial pressure

Local businesses continue to express a significant amount of concern, even as the province moves ahead with its relaunch.

The Lethbridge Region Economic Recovery Task Force released the results of its second business survey this week, providing further insight into the status of businesses across southern Alberta. The survey was conducted between May 14 and May 26.

Results show that 26% of respondents are expecting a cash shortfall of at least $10,000 over the next month, and another 52% say they need to make more than 75% of their typical sales to be able to stay open this summer.

Thirty-eight percent of business are also unsure if they can pay their property taxes by the end of September.

Chamber of Commerce Executive Officer, Cyndi Vos, notes that the Task Force will continue working with government and industry in order to chart a path toward economic recovery.

Sam Borsato
Sam Borsato
I started my radio career in 2015, shortly after graduating from Lethbridge College. I have a very strong passion for local news. Proudly born in 1994, I grew up most of my life in Sylvan Lake, AB and I've lived in the Lethbridge since 2012. I'm a below average golfer on a good day, I take as many hiking trips to Waterton as possible in the summer and I love my two cats, Outlaw and Jynx, and my dog, Maverick, more than most people I know. I look forward to providing accurate, timely news coverage in southern Alberta for plenty of years to come!
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