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COVID-19 Economic Impact Study Results

Please see below for the findings of our study – We had well over 1,000 detailed responses and feel that it is a really accurate sampling of data. Please reach out to Chris Ward at if you have any questions regarding this study.

All data, images, and text on this page are free to use in any capacity or publication.

Official Press Release

Download a PDF copy of this press release

Key Takeaways

  • Average of 12 events cancelled per entity
  • Companies report an average loss of $157,573 from events ALREADY cancelled (18% of expected annual income)
  • Freelancers report an average loss of 37% of their expected annual income from events already cancelled
  • 91% of all entities are being forced to take major responsive actions
  • 49% of companies anticipate facing layoffs
    • On average, 84% of all contract labor getting laid off
    • On average, 53% of full-time workforce getting laid off
  • 43% of companies are anticipating the need to liquidate assets
  • 29% of companies are anticipating facing bankruptcy or closing operations

The Breakdown