Jeffrey Mosher catches up with Kurt Rankin, Economist, and Vice President with PNC Financial Services, Pittsburgh, PA.
They discuss the results of PNC’s MI Fall Economic Outlook Survey of Small- & Mid-Size Business Owners. Here are some of the key findings.
AMID PANDEMIC, SMALL BUSINESS OWNERS RESPOND WITH MEANINGFUL TRANSFORMATION; REMAIN RESILIENT, PNC SURVEY SHOWS –
A substantial number of business owners make transformations to the workforce, business processes, procedures, and technology
– While 97% of applicants call PPP essential to their business, more than half of all businesses say more government stimulus funding is needed
– Despite a dip since spring, optimism about the economy remains higher than during the Great Recession
– Amid this year’s historic coronavirus pandemic, businesses are adapting by making major changes to their operations including increased use of technology, according to the latest PNC semi-annual survey of small and mid-size business owners and executives, which concluded Sept. 8.
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