Fifty-three percent of business owners expect an improvement in the first half of 2008.
The bank's small-business trends and expectations survey found that the level of confidence among business owners is down significantly from a year ago.
An economics professor at the University of North Florida noted that respondents are not very optimistic about the performance of their own industry.
"The percentage of respondents who think their own industry performance is going to improve, 52.4 percent, is much lower than the same percentage in the fourth quarter of 2006, 66.4 percent," said Andres Gallo.
The twice-yearly survey is a joint project with UNF. The survey also found that area business owners think the local economic performance is better than the national economy; both local and national economies have slowed in the last six months; and the local economy is expected to improve in the next six months due to increases in jobs, capital investments and revenue.
"What I found most interesting about the current survey is that businesses felt that the proposed real estate tax decrease would not have a positive impact on their particular situation," said Raymond K. Mason, president and chairman of CenterBank.
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source: bizjournals.com
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