Following a number of recent surveys finding confidence among the nation's small businesses to be improving, the Arizona Small Businesses Association released a survey Thursday showing the state's small firms evoke similar levels of optimism but are looking to government to help improve conditions for the sector.
Among the findings, 75 percent of surveyed businesses have been affected by the recent dearth of credit opportunities - a high figure but the lowest in two years, suggesting more entrepreneurs are beginning to form an LLC in Arizona.
This statistic conflicts with a national study released Wednesday by National Federation of Independent Business, which reported 60 percent of businesses that applied for credit last year received all or most of what they requested.
"Arizona has incredible opportunity if we can help our small businesses overcome anemic sales, high taxes and skyrocketing costs such as healthcare," said Donna Davis, CEO of ASBA.
The report found one-fourth of Arizona's small businesses have held off on hiring due to rising healthcare costs.
While a key provision in last year's healthcare reform bill provides considerable tax credits to small businesses, many critics argue the measure is unaffordable given the nation's current $14 trillion budget deficit.
Tags : az, financial management, small business management
Posted: Feb 4th, 2011