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Small Business Optimism At Five-year High

May 06, 2015, 07:00 AM
Filed Under: Economy
Related: Small Business

Small business optimism is at an all-time high since the Great Recession, according to the 2015 Capital One Small Business Confidence Score, an analysis of small business sentiment data collected by the Spark Business Barometer since 2009. The Spark Business Barometer is a quarterly survey of small business owners to gauge their attitudes and perceptions of national and local economic conditions, current and future business prospects, and other factors impacting business growth.

According to the survey, small business sentiment has increased 33 percent since 2009 following the depth of the Great Recession, and continues to improve in 2015.

"We've seen real improvement in business owners' confidence about the stability and sustainability of their operations -- indicating many entrepreneurs are focusing less on recovery and looking ahead toward new prospects and growth. This is a terrific sign for our local and national economies given the tremendous impact small businesses have on job creation and innovation," said Keri Gohman, Head of Small Business Banking at Capital One. "But competing and growing in today's increasingly competitive and complex digital landscape can be tough – particularly for small businesses with limited funds, resources and time. Our goal is to make some of those resources more accessible, so small businesses can grow and succeed."

To read the full 2015 Capital One Small Business Confidence Score, click here.

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