Atlanta small business owners look to hire in ‘13

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Small business owners in metro Atlanta are feeling good about the future, especially compared to those elsewhere.

According to a Bank of America survey done just prior to the recent elections, 36 percent of small business owners here expect to increase staff in the next 12 months. That’s the biggest gain among nine markets measured, and better than the national average of 31 percent. Another 50 percent here expect to maintain current staff levels.

“They’re very optimistic about where they are now as well as where they will be in 2013,” said Felicia Lewis, the bank’s small business banker manager.

One reason for their optimism may be that 58 percent of small business owners here expect their revenue to increase in the next year, better than the national average of 54 percent.

When the previous semiannual survey was released in May, 33 percent of metro Atlanta small business owners expected to hire more workers, and 57 percent foresaw gains in revenue.

Small businesses here also feel they’re sufficiently funded, with 72 percent saying they have enough capital to effectively operate in the next year, up from 65 percent in May. That’s also the highest figure in the nation. Only 19 percent intend to apply for a loan in 2013.

Bank of America surveyed 1,003 small business owners with annual revenue between $100,000 and $5 million, with two to 99 employees. The bank surveyed 300 small business owners in nine target markets including metro Atlanta.

6 comments Add your comment

MANGLER

November 15th, 2012
10:28 am

Don’t publish these things. The GOP’ers will go nuts thinking it’s a lie and a scam an no good news is allowed under President Obama and no business anywhere can possibly hire or think about expanding because of Banghazi and healthcare gaah or we’re all doomed Hannity!

Johnny Reno

November 15th, 2012
1:52 pm

I’m not supporting any small businesses if I can help it – not with all the spiteful comments they made during the election. “If I don’t get my way, I’m laying off 100 people!”.

It goes to show you that it doesn’t matter if you’re big or small, you’re still greed-infested and care about no one but yourself.

If I’m going to support immoral people, I’d might as well save a buck while I’m doing it.

C-ya, small businesses.

CatfishJones

November 15th, 2012
8:23 pm

Johnny, you’re an idiot. May your savior have mercy on your soul.

AlexB

November 16th, 2012
12:17 pm

“According to a Bank of America survey done just prior to the recent elections”…
I wonder how many of those people had deluded themselves into thinking Romney would win. Bank of America should do a survey now and see if the results hold up. Would be interesting to say the least.

Spencer

November 19th, 2012
8:16 am

Is there a list of these small companies so that the job seekers may know where to focus their energies and apply?

kw2012

November 22nd, 2012
12:52 pm

of course small many small businesses are going to hire. They need to after they cut employee hours from 40 to below 30 to escape ObamaCare