Latest NDIA survey shows finances, DoD’s guidance top small-business concerns

7/20/2020

ARLINGTON, VA -- Revenue expectations, access to capital and clear information from the Defense Department concern small businesses the most as they deal with the continued impact of the COVID-19 crisis, according to the latest small-business defense-sector survey from the National Defense Industrial Association, released today.

This survey and its analysis follow NDIA’s first polling, done and released in April that sought insight into the success of measures that local, state and federal governments took to mitigate the pandemic’s effects. Many respondents then said it was too early to identify mid- and long-term impacts of the crisis.

This latest survey compiles data collected between June 10 and July 3. Issues with workforce and cash flow or finances continue to be the most cited concerns as the coronavirus response continues, the survey notes.

Meanwhile, there is decreasing concern in other areas, such as availability of workforce and access to secure work facilities. Manufacturing businesses show lower levels of disruption, compared to the technology and services sectors.

The survey summary is available here; the results are available here.

As with the first survey, NDIA did this latest polling at the request of the Defense Department to monitor small businesses during the pandemic. NDIA continues to work closely with DoD on COVID-19-related matters to support the defense industrial base and keep employees and businesses safe and sound. For more information, visit www.NDIA.org.

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About NDIA

The National Defense Industrial Association (NDIA) is America's leading defense industry association promoting national security. NDIA provides a legal and ethical forum for the exchange of information between industry and government on national security issues. NDIA and its members foster the development of the most innovative and superior equipment, training, and support for warfighters and first responders through its divisions, local chapters, affiliated associations, and events. For more information, visit www.ndia.org