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Small Business Optimism is Soaring!

April 27, 2017

U.S  small businesses are brimming with confidence — and backing up their upbeat outlook with a burst of hiring and spending.

Sixty-four percent of firms with 100 or fewer employees say their businesses are doing well, up from 61% in late 2015, according to an Allstate/USA TODAY survey of 2,790 such enterprises in mid-February.

And 72% of the respondents anticipate they’ll do well in the coming year compared to their current performance, up from 64% in late 2015. The survey results represent a positive harbinger for an economy that’s expected to record meager first-quarter growth in a report due out Friday. In a barometer that rates small businesses’ overall health, Nashville, Orlando and Tampa ranked highest while New York, Los Angeles, San Francisco and Philadelphia trailed.

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Check out USAToday for more on this story.

 

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