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Marcum-Hofstra Poll: CEOs Want COVID Stimulus Prioritized In Biden Administration

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A Hofstra University survey of CEOs across the U.S. found that more than two-third of business executives want the incoming Biden administration to prioritize the passage of a new federal stimulus package.

Dr. Andrew Forman is an associate professor of marketing and international business at Hofstra University. He co-led the survey with his students and the business acounting firm Marcum LLP.

He said the CEOs expect COVID-19 to continue to be an issue into the New Year and are looking positively towards the change in presidency for some sort of economic stimulus and assistance.

“About half of the CEOs felt that a change in administration would have a positive impact on their business and I think with the hope that there might be a stimulus package,” Forman said.

Forman said economic concerns far outweighed other influences for business planning in the next 12 months, with over 30% saying these were their greatest priority.

“If you look at the information and the data, we are seeing two things, one is that they are expecting COVID to continue to be an issue and they are looking towards the government for some sort of stimulus and assistance,” Forman said.

The survey shows that due to COVID-19, the overall outlook from CEOs has been at a steady decline since previous Marcum-Hofstra surveys this year. Less than 1 percent of CEOs rated their outlook for the coming year as very positive.