Small Biz Owners Less Optimistic on Economy

Some 40 percent of small business owners feel less optimistic about the economy than they did three months ago during the inauguration of President Obama, according to a recent poll conducted by the City Business Journals Network, a publisher of more than 40 local business journals across the country.

By contrast, 26 percent of small business owners felt more optimistic during that same time frame.

Just 27 percent indicated that they believe their business will benefit from the $787 billion economic stimulus plan. As national health care is once again on the president’s radar, some 66 percent expressed concern that health care reform would increase their cost of doing business.

More than three quarters of the respondents (78 percent) said that banks that received TARP funds should boost their lending to small businesses. 

This article is from SMB Finance Magazine.

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