Data from the Fall 2015 PNC Economic Outlook Survey shows an increase in the number of employers who plan to hire permanent staff. The full survey includes profiles for individual states, including Indiana, Alabama and Ohio, with the last of these displaying a general sense of business stability. Those interested in Ohio small business loans can use this announcement as a means to start preparing for an uptick in new hires.
While the national survey includes responses from more than 1,880 representatives of businesses across the country, the Ohio report specifically details the optimism of local employers. As the statistics show, only 10 percent of businesses expected to increase their amount of hires this spring, 5 percent fewer than those looking for full-time workers in the fall.
Furthermore, 15 percent of local responders said that credit is easier to access this October than it was “three months ago.” The PNC report also noted that about 60 percent of Ohio owners anticipate a net profit with an average of 7 percent of their sales. The number of owners who were simply “optimistic” about company performance stayed consistent between spring and summer.
This news parallels the Ohio government’s attempts to give small business owners the tools they need for better growth. The state has recently reduced the cost of filing fees for small businesses, reducing necessary processing time. As Secretary of State John Husted said last month, “Ohio is now the cheapest state in the Midwest to start a new business.”
For help from small business consultants who understand the needs of Ohio owners, contact Growth Capital Corp.