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Poll results: CARES Act impact

A plurality of respondents expect "little benefit."

BY HBSDealer Staff

The CARES Act, or the Coronavirus Aid, Relief and Economic Security Act, was signed into law on Friday, March 27. You probably are intimately familiar with some of the main bullet points. It’s A $2 trillion-plus package that includes direct payments of $1,200 to qualifying individuals; or $2,400 to qualifying couples.

It also promises more than $350 billion in a Paycheck Protection Loans.

But based on the latest poll results, it might be too early to get excited about the power of a $2 trillion plan.

The latest HBSDealer.com weekly poll asks: “To what extent do you think your business will benefit from the CARES Act?” The most popular answer: “little benefit.” And only 8% anticipate a “major benefit.”

Here’s the breakdown, after more than 180 votes:

• Expect little benefit (38%);
• Expect some benefit (30%);
• No idea. Too soon to tell. (25%); and
• Expect a major benefit. (8%).

The poll remains open on the right side of the page. HBSDealer also encourages your extended comments. Share them at [email protected].

 

 

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To what extent do you think your business will benefit from the CARES Act?