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November 22, 2004
Small Business Has Strong Q3 in 2004
From the Office of Advocacy of the SBA:
"Economic conditions for small business continued to improve in the third quarter of 2004 according to the recently released Quarterly Indicators: The Economy And Small Business. The report, issued by the Office of Advocacy, shows real gross domestic product (GDP) up 3.7 percent, the twelfth consecutive quarterly increase."
"This third in a new series of quarterly reports uses a variety of sources to track current economic conditions for small business. A number of indicators are showing signs of positive change. Between the third quarters of 2003 and 2004, industrial production, real gross private fixed investment, and real exports all increased substantially. Growth in each indicator was up from the growth over the same period in 2002-2003."
"Over the first three quarters of the year, the net percentage of small business owners planning to expand employment was at its highest annual level since 2000, at 14.7 percent-meaning that 14.7 percent more owners plan to hire than plan to cut back on employment. The unemployment rate fell to 5.4 percent in September, its lowest level since October 2001."
The full report can be found here.
Posted November 22, 2004 01:08 PM
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at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
