Oregon small business owners are divided about whether the national economy is in recession or recovery according to a new report from U.S. Bank.
The survey polled more than 3000 small businesses owners across 25 states. It found they’re concerned about the federal deficit, the unemployment rate and taxes.
U.S. Bank researcher, Peter Lindahl, says many business owners feel their own companies are healthy, but they’re reluctant to say they’ll add workers or pay for new projects.
“We’re seeing that the number one challenge right now is economic uncertainty. And that’s really causing small business owners to hold off on adding more staff and to really make those capital expenditures.”
He thinks small businesses are waiting for the economy to show more recovery before taking action.
Oregon business owners were split on the health of the economy: 45 percent said it’s recovering, and another 45 percent said the country is still in recession. 10 percent were unsure.
The national numbers were about the same.