Florida small businesses are planning to grow, with 71% of small and medium businesses surveyed stating that they plan to hire in the next 6 months, according to the most recent Private Capital Access Index from Pepperdine Graziadio School of Business and Dun & Bradstreet. This is 8% above the national average for Q3. Check out other highlights from the study below.

  • While 50% of Florida small and medium businesses surveyed report feeling their ability to hire was restricted in Q3, this is down 3% from Q2, and is closing on the national average of 48%. While this is still a high percentage, it is at least headed in the right direction.
  • More concerning is the 63% of Florida small and medium businesses surveyed that reported feeling their growth opportunities are restricted. This is a full 6% higher than the national average, and likely means that Florida businesses are facing more challenging situations than businesses in other states.
  • Despite feeling restricted, 36% of businesses surveyed are planning to raise financing in the next 6 months, and 62% say they need that financing due to planned growth.

For more data about how Florida did in Q3, check out the infographic below. If you want to see the previous Florida infographics, click here for Q1, and here for Q2.

Is your business struggling with financing? Visit Access to Capital to learn more about funding options and resources for small businesses.

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