A new survey from PNC shows the attitudes of business owners in several states, including Ohio. The company announced the results of its latest economic survey, a biannual telephone poll it uses to assess local owner outlook. More than half of the respondents (55 percent) said they felt hope about the future business climate, while a total of 77 percent have optimism for their local economy.
According to a press release on this survey, responses come from 1,867 high-level members of small or medium-sized businesses based across nine different states, as well as Washington D.C. In addition, 67 percent said that they expect to maintain the same amount of full-time employees, while 51 percent believe their sales will rise within six months. The survey was conducted between this July and September.
The chief economist of PNC, Stuart Hoffman, described the context of the possible growth for owners.
“When they feel optimistic, businesses can look for the funds and capital programs for financing.”
“The glass for small-business owners appears half-full instead of half-empty, but they aren’t ready to buy a round for everyone,” Hoffman said. “We expect to see moderate economic growth for the rest of this year with enough improvement for a federal funds rate increase at the Federal Open Market Committee’s meeting in December.” The survey shows the highest level of optimistic thought in 11 years, the source said.
When they feel optimistic, businesses can look for the funds and capital programs for financing different business-related investments. The program stretches as high as $250,000 loans for applicants, with funds available for various uses, from modernizing facilities to purchasing new buildings.
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