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Survey: 16% of Small Firms to Hire

November 16 2011

Sixteen percent of small business plan to add at least one position over the next quarter, according to a new survey of small business by TD Bank. Sixty-nine percent of small businesses surveyed said they expect to keep staffing levels the same.

Meanwhile, 66 percent expect to meet or exceed revenue projections in the upcoming quarter — up from the 57 percent that met or exceeded revenue projections during their most recent fiscal quarter.

“American small business owners are a resilient group, and TD Bank’s recent survey results are consistent with what we see each day in our communities from Maine to Florida,” said TD Bank’s Fred Graziano, head of regional commercial banking, government banking and small business. “Despite the economic obstacles they continue to face, these findings indicate that small business owners and employees continue to do what they can, not just to make ends meet, but to exceed their business goals.”

TD Bank polled 300 small-business owners on the east coast in August 2011.

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