BETHPAGE, N.Y. (3/10/14)--A credit union-sponsored survey taking the temperature of the small business climate in Long Island drummed up a bit of media attention this week.
Survey results, unveiled Thursday by Bethpage (N.Y.) FCU, with $5.4 billion in assets, were picked up by Long Island Newsday and CBS' New York affiliate, WCBS-AM 880.
More than 600 Long Island small business executives--who oversee outfits with annual revenues of less than $10 million--were polled. Bethpage FCU's Business Banking Group worked with Stony Brook University's Center for Survey Research to conduct the poll (Long Island Exchange March 6).
Subjects ranged from confidence levels in national political leaders to expectations for business growth in 2014.
Perhaps most notably, despite broad concern for the direction of the national economy, many business owners watched their operations expand and their sales build in 2013.
Among those queried, 36% said their businesses grew in 2013, compared with 26% in the year prior; 35% expect their businesses to grow over the next six months; and 41% predict that year-end 2013 sales will surpass that of 2012, which is a 10% improvement from the previous poll.
Only 12% of business executives, meanwhile, believed that government officials in the nation's capital would energize the national business climate this year, while 62% said they instead have confidence in Long Island business leaders.