Cedar Rapids August 2020 Storm Loss Questionnaire
LOCAL BUSINESS IMPACT ASSESSMENT

On Monday, August 10, 2020, a rapid, high-wind thunderstorm complex impacted Cedar Rapids, Iowa.  Sustained wind gusts from 70 mph to 100 mph+ led to widespread damage to real property and public facilities citywide.  The City's transportation system was also disrupted due to loss of some traffic signals, road closures and a temporary suspension of fixed route transit service.  Likewise, power outages as well as phone and internet service interruption affected businesses in the time period immediately following weather events.  

Given this broad scope of impact, we would like your help as a business owner or manager identifying scale of losses resulting from the August 2020 Midwest derecho (wind storm).   Responses to this survey should include costs incurred starting August 10th as well as estimates of any anticipated future costs due to effects of this weather event.  

Primarily, survey questions focus on the following areas:

>>> FINANCIAL LOSS: Figures attributed to measured losses recorded on a balance sheet or other financial statements.

>>> ECONOMIC LOSS: Incurred when cost exceeds revenue and including opportunity costs (missed income)

Your responses will be used to measure the adverse impact of recent business disruption in Cedar Rapids economy.  Individual survey information will be tabulated, and only aggregate cost totals for the City will be shared with economic development officials, state and local government decision-makers, business & industry associations, non-profit organizations, and/or other entities active within the disaster recovery effort.

By completing the optional survey you are voluntarily agreeing to take part in this data collection project.  Submitting this survey indicates that you have read and consent to the terms of this survey project, all of your questions are answered, only best available information is being reported, and you are older than 18 years in age.

For more information about this survey project, please contact David Connolly, AICP, Economic Development Specialist, with the City of Cedar Rapids by email (d.connolly@cedar-rapids.org) or by phone at 319-389-1476.  

NOTE: Economic Development staff are available to discuss any specific economic recovery needs your company has currently.

Thank you for your time and willingness to participate.

Sincerely,

City of Cedar Rapids Economic Development Services Division Staff

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Please enter your business name:
Please enter email contact:
Property Information
Do you own or lease your place of business?
Clear selection
If leasing facilities for your business, who is the property owner or manager?
Property Owner or Manager Phone:
Property Owner or Manger Email:
What type of business do you operate?
Clear selection
Other type of business:
Property and Structural Damages
What is the estimated total dollar amount in damages to structures and/or real property?
Actual Dollar Amount (Optional):
What is the estimated total dollar amount in damages to  machinery and equipment?
Actual Dollar Amount (Optional):
What is the estimated total dollar amount in damages to office supplies and inventory?
Actual Dollar Amount (Optional):
What is the estimated total dollar amount of any initial repair activities undertaken to  operations (e.g., temporary shelters, repair, replacement, hired contractors, equipment rental)? Please exclude any wages paid to employees.
Actual Dollar Amount (Optional):
What is the estimated total dollar amount in damages resulting from site clean-up and re-opening of your business? Please exclude any wages paid to employees.
Actual Dollar Amount (Optional):
Financial Losses
What is your firm's estimated additional debt load, if any, in 2020?
Actual Dollar Amount (Optional):
If your business is experiencing a shortage of working capital, for how many more months do you expect to have adequate cash on hand to keep your business going?
Clear selection
Do you anticipate receiving any payments for loses due to business interruption through either Commercial Property Insurance and/or Business Income Insurance policy coverage?
Clear selection
Would you be willing to share an estimate of the dollar value of any anticipated insurance payments:
Economic Disruption
Could you provide an estimate of how many normal business days your establishment lost or will lose due to this weather event?
Clear selection
Please provide an estimate of sales volume lost as a result of August 2020 Midwest Derecho. (Total Sales Volume Lost = Average Days Sales x Number of Normal Business Days Closed)
Actual Dollar Amount (Optional):
Please provide an estimate of lost payroll (Total Payroll Lost = Normal Payroll for Number of Days Closed  - Actual Payroll for Same Period)
Actual Dollar Amount (Optional):
Provide an estimate for all other losses. These may include costs incurred due to the need to outsource lost production time, pay additional fees to suppliers/subcontractors, or any other miscellaneous contract fees and penalties triggered by weather conditions, etc.
Actual Dollar Amount (Optional):
Do you know if your company is planning to eliminate any jobs in 2020?
Clear selection
If so, about how many jobs would be eliminated?
How would you evaluate broadband quality of service since the August 10th storm event?
Low Quality
High Quality
Clear selection
Could you provide an estimate of lost production time in terms of number of Full-Time Equivalent (FTE) job hours?
Please include a summary of any additional needs or comments here:
Disaster Recovery Survey - Complete
CONTACT INFORMATION
Business Name:
Contact Name:
Phone number:
Email:
Once again, we greatly appreciate your participation in this brief survey.  We will be in contact to provide useful information updates on the City's economic recovery process.                                     Thank you!
David Connolly, AICP
Economic Development Specialist
City of Cedar Rapids
319-389-1476
d.connolly@cedar-rapids.org
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