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Main Street Monday — Main Street Very Optimistic Says B of A

April 30, 2018

By Bob Coleman
Editor, Main Street Monday

Main Street Monday — Main Street Very Optimistic Says B of A

According to the Bank of America Spring 2018 Small Business Owner Report, economic optimism is at a three-year high, tax reform is seen as a game changer and mobile devices, digital platforms and emerging technologies are reshaping the small business landscape.

Stats:

  • 3-year economic outlook high: 54% of small business owners expect the national economy will improve over the next 12 months—the highest since fall 2015
  • Revenues: 60% expect their revenue to increase in the year ahead
  • Interest Rates — 51% are concerned about rising interest rates
  • Credit Availability — 32% are concerned about access to credit
  • Expansion — 69% plan to expand in the year ahead
  • Growth — 60% plan to grow business in the next 5 years

Read the report here

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