Today In Data: Small Business Growth On The Rise

While small businesses have certainly seen the impact of big business on their profits over the years, the tides may be turning.

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    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