Entrepreneurs Organization (EO) Clevelands Semi-Annual Survey Reveals Optimism in Local Economy
Summary
Cleveland, OH, April 27, 2017 --( Optimism for the local economy is on the rise, with 91% of entrepreneurs polled expecting the current economic environment to improve or stay the same.Currently, EO Cleveland is comprised of 155 members with 6,667 combined employees and a median $2.1 million dollars in annual sales.Cleveland, OH, April 27, 2017 --( PR.com )-- Optimism for the local economic environment, an increase in the willingness to start a new business, higher anticipated net profits, and an increased desire to hire more full-time employees are four leading benchmarks in the April 2017 edition of the Cleveland Global Entrepreneur Indicator (GEI), a semi-annual survey conducted by the Entrepreneurs Organization.) Analysis reveals the following short-term sentiments:Optimism for the local economy is on the rise, with 91% of entrepreneurs polled expecting the current economic environment to improve or stay the same.)100% of respondents reported a willingness to start a new business; a nearly 15% increase over the August 2016 survey results, where 85.5% of local entrepreneurs polled indicated optimism.77.8% of respondents indicated higher anticipated net profits compared to 56.4% during August of 2016The desire of local to hire more full-time employees has increased 66.7% vs. 50.9% in August of last year.Gauging local entrepreneurs optimism nationally, the latest GEI findings showcased that 61.9% felt that the economy stateside will improve; up a staggering 38.3% from similar sentiments in August of 2016, where only 23.6% felt that way.Currently, EO Cleveland is comprised of 155 members with 6,667 combined employees and a median $2.1 million dollars in annual sales.About the Entrepreneurs’ OrganizationThe Entrepreneurs’ Organization (EO) is a global, peer-to-peer network of more than 12,000+influential business owners with 160 chapters in 50 countries.