More than two-thirds of Hawaii businesses continue to see a downturn in terms of its revenue, according to a Hawaii News Now report.
"A new Chamber of Commerce survey of more than 300 Hawaii businesses found that more than two-thirds continue to see severe revenue downturns," the Hawaii News Now reports. "The lack of a tourism rebound was found to be the biggest factor in businesses continuing to struggle.
According to the report, and a survey done by Omnitrak, 45% of local Hawaiian businesses have laid-off employees. This survey was done in partnership with the Central Pacific Bank Foundation and the Hawaii Chamber of Commerce Foundation, according to the report.
A near 33% of employees at locally owned businesses in Hawaii were laid off by the businesses polled in the survey. According to the report, the businesses having to lay off employees would have reached a near 60%.
“We need to work together to find new solutions to keep our local businesses alive until we see a full economic recovery from the effects of this pandemic," CEO of Chamber of Commerce Hawaii, Sherry Menor-McNamara, said.
According to the report, the road of recovery for Hawaii will be found in its residence buying locally, the new report said.
The report also noted that many local business believe the 'road to recovery' will take at least the next year to be accomplished.