It is encouraging to hear that small businesses in manufacturing intensive states are looking to increase hiring.
San Francisco, CA (PRWEB) May 17, 2013
Those looking for jobs may want to head to Ohio, where a recent U.S. Bank survey found that more small business owners expect to be adding jobs in the coming year as compared with the national average. The survey polled 3200 small businesses with annual revenues under $10 million nationwide and 203 in Ohio and found that Ohio small business owners are more likely to add to their staff over the coming 12 months.
“Ohio has always had a strong manufacturing sector and with manufacturing leading the recovery it is encouraging to hear that small businesses in manufacturing intensive states are looking to increase hiring,” said Terry Robinson, president of Sunovis Financial. We help small businesses including the manufacturing sector with access to capital, and have seen renewed interest lately."
While the national average for the survey had 16 percent of small business owners adding staff over the coming 12 months, in Ohio that figure was 20 percent. Just as encouraging, only 4 percent of the Ohio small business owners surveyed expect to cut staff. That’s better than the 5 percent national average.
Despite the optimism regarding hiring, 45 percent of Ohio small business owners believe the U.S. is in a recession, which was higher than the 43 percent national average. Conversely, 45 percent also believe that the U.S. is in recovery.
“These results are in line with what we’re hearing in the Cincinnati area,” Bo Scott, U.S. Bank’s Cincinnati small business manager, said. “On one hand, you have the small business owner that is hesitant to make a significant investment because of uncertainty toward the economy, or the potential impact of tax and healthcare policies. On the other hand, you have the owner who is buying new equipment or hiring an employee, saying they’ve waited long enough.”
The top issues in the minds of Ohio small business owners were cited to be the debt situation and the federal budget deficit, followed by taxes and health care.
Sunovis Financial's motto is "rebuilding the U.S. economy, one business and one loan at a time". The company focuses on getting capital into the hands of small business owners for growth.