ACEC Research Institute Releases Findings of COVID-19 Business Impact Survey Series
WASHINGTON — The COVID-19 pandemic caused an unprecedented disruption in America’s economy, which extended to the engineering industry. To gauge the effect of the economic shutdown on design firms, the ACEC Research Institute — the research arm of the American Council of Engineering Companies (ACEC) — conducted a series of surveys to accurately measure the pandemic’s effect on the industry. The summary of those surveys is now available.
“The Business Impact Surveys are the first of their kind to accurately measure our industry’s response to a real time crisis,” said John Carrato, chair, ACEC Research Institute. “The data collected from week to week enabled firm executives to plan with knowledge of how their peers were reacting to the economic shutdown and federal assistance programs.”