Posted to Announcement on 10/7/2010 at 6:44 PM
PNC Survey Finds 10% Leverage HIRE Act Tax Credit While 70% Say U.S. Economic Recovery Is More Than a Year Away
PITTSBURGH, Oct. 7, 2010 – Six out of 10 small business owners nationwide intend to increase capital spending but delay hiring in a defensive move that reflects their lingering concerns about the U.S. economy, according to the PNC Economic Outlook survey’s newest findings.
The fall findings of the biannual survey, which began in 2003, also found one out of 10 owners hired or plan to hire qualified employees due to the tax credit offered by the HIRE Act passed by Congress in the spring.
Overall, the outlook of small business owners has improved slightly as eight out of 10 (compared to 76 percent in the spring) are moderately to greatly optimistic about their own company’s prospects today while 20 percent are pessimistic (vs. 23 percent).
Related File: Click to View
Share This Post With Others