Tag Archive for 'Local Economy'

SBA Poll: What does your economy look like?

The Question:
In preparing for business over the summer, what does your economy look like?

38% - We’re seeing an improving economy for the next few months.

50% - We expecting our economy to maintain the current level this summer.

3% - We’re forecasting a sales decline from recent business conditions.

9% - Our business has been down and we don’t see improvement soon.

My Comments:
As you can see, less than four of ten of the respondents to our poll last week are expecting the economy to pick up over the summer. The rest, 62%, think business through the summer will be no better or worse than the recent past.

It’s almost four years since the technical end of the Great Recession and the U.S. Main Street economy is still limping along. When considering the awesome entrepreneurial energy that is pent up in America today, one has to wonder what could cause this. In an upcoming Feature Article I’ll answer this question and challenge those who can solve the problem. Stay tuned.

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