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Flooding impact on local Montana businesses, June 2022

Tell the Minneapolis Fed about the affects of flooding on your business and community

We want to know how historic flooding across southern Montana has affected your business.

The Minneapolis Fed is responsible for tracking current economic conditions in the Ninth District, a region that includes Montana. We are partnering with multiple business and economic development groups in Montana to understand the impact of the floods on businesses and their communities across southern Montana.

This information will be shared with partners (that sent you this survey) as well as with local community leaders, state and federal lawmakers, business leaders and media. All of this is being done so Montana leaders and the general public have a better idea of the flood's impact. 

Please take 5 minutes to tell us about the flood's impact on your business. All responses are anonymous. To maintain anonymity, please do not include any self-identifying information in any comments.

Thank you for your time and valuable insights. Both are greatly appreciated. We wish you luck and resilience in these challenging times.

Ron Wirtz
Regional Outreach Director
Federal Reserve Bank of Minneapolis
612.204.5262
ron.wirtz@mpls.frb.org
1.Is your business located in or near an area impacted by recent, significant flooding?
2.Overall impact: What impact has flooding had on your business overall?
No impact
Slightly negative impact
Moderately negative impact
Significantly negative impact
Hard to tell yet
Positive impact (e.g., from recovery activity, demand shift from other regions, etc)
At this moment; currently
Expected over the coming 3 months
3.Flood impact on revenue: Please estimate the impact of flooding on recent and future sales/revenue.
Decline of > 50%
Decline of 25-50%
Decline of 15-25%
Decline of 5-15%
Mostly flat (+/-5%)
Increase of 5-15%
Increase of more than 15%
June revenue compared with May revenue
June 2022 revenue compared with same month last year
Expectations for July and August revenue compared with same period last year
4.Flood impact on profits: Please estimate the impact of flooding on recent and future profits.
Deeply negative
Moderately negative
Slightly negative
Little or no change
Modestly positive
Slightly positive
Very positive
June profitability 
Expectations for next 3 months
5.Flood impact on capital assets: Please estimate the impact of flooding on your company's physical assets.
Significant loss
Moderate loss
Slight loss
Little or no loss
Buildings
Equipment
Property/real estate
6.Financial health: How would you describe your company's current financial condition?
7.Company challenges: What are the TWO biggest obstacles to recovery for your company? (Please check ONLY TWO options; please skip if not impacted by flood.)
8.Community challenges: What are the TWO biggest obstacles to recovery for your local community? (Please check ONLY TWO options)
9.Labor demand: Please indicate current demand for labor/workforce.
10.Labor availability: If hiring, how would you assess current ability to find and hire new workers?
11.Wages: Please describe changes to average wages at your business, and expected changes to wages over the coming year.
Wage cut (any size)
Little or no change (+/- 1%)
Increase of 1-3%
Increase of 3-5%
Increase of 5-10%
Increase > 10%
Current wages compared with 12 months ago
Expected over the coming 12 months
12.Supply chain: How would you describe your company's ability to receive critical supplies for your operations?
No difficulties
Slight difficulties
Moderate difficulties
Significant difficulties
Extreme difficulties
Before the flood
Currently
Expected in three months
13.Outlook: What is the outlook for your company over the coming six months?
14.Staffing levels: Please identify the number of full-time equivalent workers at your business.
15.In what county is your business or organization physically located?
16.In what sector does your company or organization do business?
17.Please check any/all that apply to your company's ownership: