Today In Data: Small Business Growth On The Rise

By PYMNTS | April 12, 2017

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

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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

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