Friday, November 5, 2010

Local business mood cautious, survey finds

The cautious mood of local companies is little changed from last spring, according to a fall update from the University of Illinois Springfield.

One-third of more than 170 sample firms and organizations surveyed said the Sangamon County economy will slow down in the coming year, while 18 percent expected growth and a little less than half expected no change.

UIS conducts the survey for the Greater Springfield Chamber of Commerce each spring and fall.

“The folks I’m talking too are cautiously optimistic that we have turned the corner on the recession. There is not a huge rush to add a bunch of employees, which is problematic for the nation as a whole,” Erich Bloxdorf, executive vice president of the chamber, said Thursday.

The survey was featured in a November 5, 2010, article in The State Journal-Register.

Download a PDF of the article