“More and more, we’re seeing Indiana business owners looking to the future for growth and expansion,” said Andrew Cardimen, managing director and head, commercial banking, Indiana, BMO Harris Bank. “While some caution still exists about the economic environment, businesses are feeling confident that they have weathered the worst and are stronger for it.”
When asked about the state economy, nearly half of the Hoosier business owners surveyed expected to see the economy hold at current levels and more than a quarter believe it will improve:
• 29 percent of respondents feel that Indiana’s economy will improve in 2014.
• 49 percent believe it will stay the same.
• 23 percent believe it will worsen, which is a bit more pessimistic than the 15 percent average of business owners around the U.S.
“There are many advantages to doing business in Indiana and that is probably one of the reasons our state has fared relatively well during the economic recovery,” added Mr. Cardimen. “Our strong Midwestern work ethic, great location and good business environment continue to prove an asset to Indiana businesses.”
When asked about expectations for the national economy, Indiana business owners and business owners throughout the country voiced exactly the same responses:
• 37 percent expect the economy to improve.
• 34 percent expect it to stay the same.
• 29 percent expect the economy to worsen