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NSBA 2009 Year-End Economic Report: Small Businesses Still Struggling
Date:1/20/2010

xn-chron">December 2009.

Looking ahead to the coming year, growth projections appear to be on an upswing. In August 2008, 57 percent projected an increase in revenues, in July 2009, only 30 percent projected revenue increases. Today, 43 percent project revenue increases. Small business owners also are projecting a net increase in jobs for the first time in over a year with 24 percent projecting job growth while 18 percent expect job cuts.

"Small businesses continue to face significant hurdles -- hurdles Congress has the power to address," stated NSBA Chair Keith Ashmus, co-founding partner at Frantz Ward in Cleveland, Ohio. "Health care costs continue to weigh heavily on small businesses with 20 percent -- one in five -- being forced to lay off workers due to rising health care costs."

The NSBA 2009 Year-End Economic Report survey was conducted the last two weeks in December 2009 among 450 small business owners from across the country in every industry. Please click here to access the full report.

Since 1937, NSBA has advocated on behalf of America's entrepreneurs. A staunchly nonpartisan organization, NSBA reaches more than 150,000 small businesses nationwide with members as diverse as the economy they fuel. For more information, please visit www.nsba.biz.

SOURCE National Small Business Asso
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SOURCE National Small Business Association
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