WOMEN BUSINESS OWNERS TO DELAY HIRING, RELY ON CREDIT CARDS AND PERSONAL SAVINGS FOR CAPITAL

by Ms. Amanda Rittenhouse of PNC

Posted to Announcement on 7/1/2011 at 12:51 PM

Satisfied With Their Own Business, Owners Pessimistic About U.S. and Local Economies, New PNC Survey Finds

PITTSBURGH, June 30, 2011 - One out of two U.S. women business owners expect their sales to increase in the next six months, but most have no plans to hire full-time employees as a "soft patch" has slowed the U.S. economic recovery.
The findings of the first-ever PNC Women Business Owners Outlook show women owners are satisfied with their overall business performance, as six out of 10 say their companies are currently meeting or exceeding expectations. However, women owners show a reluctance to take on longterm financing or make capital investments in the months ahead.

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