Economic hardships aside, small and mid-sized companies in a recent survey expressed cautious optimism about their business prospects over the next year. They weren’t as positive about technology spending, to the chagrin of the Computing Technology Industry Association (CompTIA), which conducted the survey.
- Eighty-five percent of the 772 companies in the U.S., Canada and U.K. plan to hire new employees; 54% expect revenue growth of at least 10%; and 40% are looking to add new business locations.
- On the information technology side, 51% intend to spend more while 49% see flat or declining tech expenditures. This compares to 62% planning tech spending increases in the previous year’s survey.
It’s been reported for years that small businesses provide nearly all the net job growth. It doesn’t look like that is going to change based on these results.