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Small business owners in Washington remain pessimistic, US Bank survey says

Post by C.R. Roberts / The News Tribune on April 24, 2013 at 11:55 am with No Comments »
April 24, 2013 2:33 pm

Boeing may be busy, employment may be rising and stocks are once again touching all-time highs, but small businesses owners in Washington continue singing the blues.

The results of a survey released Wednesday by US Bank show that a majority of those business owners continue to feel the country is in a recession – and they feel this moreso than peers nationwide.

According to the “2013 U.S. Bank Small Business Annual Survey”:
• 51 percent of small business owners in Washington feel the U.S. economy is in a recession. This compares to 43 percent of owners nationwide.
• 38 percent say we’re in a recovery, compared to 45 percent nationally.
• 24 percent of Washington owners said economic conditions are worse here than elsewhere in the U.S.
• 30 percent said things were better than elsewhere.
• 20 percent said they intend to add staff over the next year.
• 29 percent expect higher revenue this year than last.
• 47 percent expect higher revenue next year.
• 18 percent believe the effects of national healthcare reform will be positive.
• 60 percent said the effects will be negative.

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