CSRA Biz Owners Report Economic Stability and Growth

September 29, 2013|

According to 4 out of 5 responding members of the Augusta Metro Chamber of Commerce, the economy appears to be stabilizing or growing in their own business. Chamber President Sue Parr recently completed a co-op survey with the University of Georgia Small Business Development Center at Enterprise Mill.

Here are the major findings:

  • 79% of  companies surveyed reported either stable, slight increases or substantial  increases in revenues in the last 12 months.  Expectations for the      next two years are comparable.
  • 50% of businesses responding indicated that their business has received some type  of financing in the last 12 months. The source of funding was split  fairly evenly between commercial lending and personal savings and the  greatest use of the financing was for working capital and new  equipment.
  • The top two  barriers to growth were economic uncertainty and finding qualified      workers. A close third were federal regulations most likely related to the      Affordable Health Care Act.

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