Georgia: #5 nationally for small business optimism

Highlights:

  • Business is booming in Georgia
  • Peach State has 9 optimistic SMB owners for every pessimistic one
  • State also ranks #11 nationally for small biz hiring intent

Business is booming in Georgia. At a recent procurement conference held at Jekyll Island, Georgia, the state’s governor, Nathan Deal, reportedly said he wants to make the Peach State into the “Silicon Valley of the south.” The pronouncement comes on the heels of Georgia reeling in four consecutive years of top national rankings in workforce training, global access, infrastructure, and general business.

So, things are good for Governor Deal and his state’s nation-leading economy. Now, Georgia can add another accolade to its resume: #5 state for small business optimism. According to new data from Womply, optimistic small business owners outnumber pessimistic ones 9 to 1 in Georgia, the fifth-highest ratio nationally. All told, 77% of the state’s small business owners feel good about prospects this year compared to 70% nationally.

This isn’t just a vanity stat. Small businesses drive tremendous economic value, and our study found that optimistic owners are 3.5x more likely to hire and give raises whereas pessimistic ones are 6.5x more likely to reduce staff and employee pay. For Georgia, where 95% of the state’s 700,000+ businesses are truly small (less than 50 employees), optimism has a significant ripple effect on the economy and jobs.

Nationally, Georgia ranks #11 for small business hiring intent, with 30% of local merchants planning to add staff this year. Our study also dives into what’s driving optimism and pessimism for Georgia SMBs, what worries keep them up at night, and what they think about policy issues that affect small business, like tax and healthcare reform. Read our full report below.

Blog

How much do fake reviews hurt or help my business?

In this 6-minute read: How to spot and remove fake reviews How much do bad reviews (even fake ones) really […]

Read More

How to market your business on LinkedIn (includes important tips!)

In this 5-minute read: Why is LinkedIn good for marketing (particularly B2B)? How to create a LinkedIn company page Tips […]

Read More

How to create a business email account (and important tips)

In this 6-minute read: Why use a business email address How to create a business email account Tips for using […]

Read More

7 best free receipt tracking apps (review, features, pros, and cons)

In this 6-minute read: Best free receipt tracking apps, with features, pros, and cons Any business owner’s receipt pile can […]

Read More

5 top promotion ideas for your restaurant (and how to get started)

In this 7-minute read: What are promotions? Top promotion ideas for restaurants Ways to announce your restaurant promotions Creating promotions […]

Read More

Top 3 ways to track/manage business receipts (plus helpful tips!)

In this 4-minute read: Top ways to track and manage receipts Tips for managing your business receipts As consumers, we […]

Read More

See why Womply is the #1 marketing and CRM solution used by 500,000+ businesses.

By submitting this form you agree to Womply’s Terms of Service.