2024 Q2 CFI Business Climate Survey

Regional Economic Research Institute Florida Gulf Coast University

The CFI Business Climate Survey was distributed to 255 email addresses provided by the Charitable Foundation of the Islands (CFI) and the SanCap Chamber of Commerce on May 15th, 2024. The survey remained open until June 21st, 2024, during which three reminder emails were sent out. Both the CFI and SanCap Chamber provided support in reaching out to members to encourage participation. The survey received 50 full and partial responses, giving the survey a response rate of 19.6 percent.

In an effort to determine the percentage of businesses currently open on the islands, results from the CFI Business Climate Survey were compared to data collected by the SanCap Chamber of Commerce in July 2023 and September 2023. Eightyfour percent of total respondents indicated that they were currently open for business, up 5.4 percentage points from the 2024 Q1 measure and 6.1 points above the SanCap Chamber’s September 2023 measure. Eleven of 50 respondents (22 percent) indicated their business primarily operated in the accommodations industry, while the other 39 of 50 respondents (78 percent) were non-accommodations. Below are some additional findings from both the accommodation and non-accommodation portions of the survey.