Small Businesses Show Major Improvements Economically

February 15, 2012

Small Businesses Show Major Improvements Economically

While looking through the Middletown Journal I stumbled across an article that stated “Small businesses take lead role in recovery.”   That was something that I actually wanted to read more into.  With the economy in the state that it is in any sign of relief makes everyone take a deep breath.  Throughout the course of American history it has been proven that when the small businesses start to pick up, the bigger businesses will follow.  According to the article (http://www.middletownjournal.com/news/middletown-business-news/small-businesses-take-lead-role-in-recovery-1327378.html#.TzfYpw-djv4.email) Small businesses have added more jobs in January alone than any of the larger companies.  The article also states that this is because “local small and medium-sized business owners say they have waited to see strong demand before they felt comfortable hiring and are more cautious not to overhire and be forced to layoff workers only months later.”  What I took from that is that most small businesses at least on a local scale won’t hire more employees unless they need them permanently; thus providing jobs for workers, lowering the unemployment rate. 

The part about this article that I found most interesting was the quote from Jim Russell, Cincinnati area regional investment director and senior vice president, U.S. Bank Wealth Management.  It said “Large companies usually have the ability to buy large equipment and to some extent, OUTSOURCE their jobs to India or China….. a small company does not have flexibility in that way.” I have written various different blogs about the benefits of insourcing over outsourcing; and it is a pretty common theory throughout the United States that we would rather have the jobs here at home. 

I think the main point to take away from this is that now that the local small businesses are doing better; there is hope for an economic turnaround here in the near future. 

Also I wanted to remind you of the fact that we are still accepting applications for an installer.  Stop in if this is something that interests you.

Don’t forget to check out our facebook http://www.facebook.com/#!/paradisegraphix  and twitter @paradisewraps as well

Kaylen

Paradise Graphix


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