While small businesses have certainly seen the impact of big business on their profits over the years, the tides may be turning.
Data from the New York Federal Reserve shows a potential upswing for companies with fewer than 500 employees over the next few years.
Here are the numbers:
16,000 | Number of small businesses measured for future sentiment
60 percent | Number of small businesses expecting to see higher revenue in 2017
40 percent | Percentage of small businesses expected to increase hiring
20 percent | Percentage of net layoffs in 2016
70 percent | Percentage of small businesses with revenue under $1 million saying financing was tough to find
Source: http://www.pymnts.com – Payments
Today In Data: Small Business Growth On The Rise