More small businesses are beginning to believe the outcome of the mid-term elections will not have a positive impact on their business, according to the Office Depot Small Business Index released Thursday.
The survey reports that 22 percent of small business owners believe the election results will have a negative impact, compared to the 17 percent noted before the election.
"With the mid-term elections complete, we are seeing that many small businesses continue to remain cautiously optimistic about the future of the economy," said Neil Austrian, CEO of Office Depot. "Small businesses are truly the backbone of our economy."
The survey also found that the larger a company was, the more likely it was to believe the election results will be important to its business.
What's more, outlooks on a state-level tended to reflect the voting patterns of each state. For example, small business owners in Texas and Florida - traditionally Republican-voting states - are more likely to believe the results will positively impact their businesses, with 42 percent and 40 percent, respectively, claiming so. However, only 34 percent and 36 percent of owners in California and Illinois believed the elections would benefit their companies.
The state-level findings indicate the continued partisan divide in the country, while also suggesting entrepreneurs looking to incorporate in Texas may be encouraged by the most recent elections.
Tags : ca, operations, small business management, tx
Posted: Dec 2nd, 2010