While it’s true that many of Miami’s small-businesses have been hit hard by the state of South Florida’s economy, many expressed that they will begin hiring soon. In a survey of small-business owners conducted Bank of America 25 percent of the Miami market expects to begin hiring within the next year, while half expect to see revenue growth.

The survey, which polled 300 small-business owners who lead companies with revenue from $100,000 to just under $5 million also uncovered the following findings:

  • When asked about the local economy, 35 percent of Miami small-business owners said it would improve in the next 12 months.
  • Plans for marketing were in the works for 40 percent of Miami small-business owners.
  • Miami market small-business owners said their top concern was the effectiveness of U.S. government leaders, with 69 percent saying it was a problem. Other top concerns were health care costs, the recovery of consumer spending and commodities prices.

If you own a small business and you’re looking to move into an office, industrial or retail space call Morris Southeast Group for your commercial real estate needs.

Source: South Florida Business Journal

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