Small Business Outlook for Expansion

Small Business Outlook for Expansion

Confidence is growing as we enter the new year. According to the NFIB Research Foundation, the small business outlook for expansion survey has shown a dramatic surge. In December 2016, 23% of small businesses surveyed answered affirmatively to the question “are the next three months a good time to expand.” This is up nearly 3- fold from the level that answered affirmatively in December 2015. The trend was sustained in January 2017 with 25% of those surveyed responding affirmatively vs. 10% in January 2015. The small business sector appears unshackled and ready to flex their expansion muscles.

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