There is some good news for job seekers and local economies in the annual Chicagoland Small Business Economic Survey. According to the survey, 76 percent of respondents plan on growing their business in 2016. In addition, 38 percent expect to hire more workers, and 52 percent plan on expanding within Illinois, up from 45 percent last year.
On the other hand, businesses are also losing confidence in local, state, and national economies. Just 28 percent of business owners think Chicagoland’s economy will strengthen over the next year, down from 42 percent the year before. Also, nearly half of respondents feel negatively impacted by local taxation.
The survey also reports that the top three areas small businesses need support are marketing, technology and business planning.
State Sen. Bill Brady (R-Bloomington) says this survey shows the need for structural reforms to state government, reforms that bring confidence to the state’s economy, create jobs, and allow Illinois to be more competitive.