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September 1, 2014, 6:27 pm
970 WMAY News

Local Businesses Less Optimistic About County's Economy


Local businesses remain upbeat about their own prospects... but are less optimistic about the county's economy as a whole over the next 12 months. The results of a new survey were unveiled at the annual Chamber of Commerce Economic Outlook breakfast.

 

It found that the vast majority of businesses expect their income and workforce to remain stable or increase over the next 12 months. Only 20-percent of local businesses predict a decrease in their payrolls in 2013.

 

But more than 40% think the Sangamon County economy will decline in the year ahead. At the same breakfast, economic expert Joe Terril said that he has high hopes for the nation's economy in the long run, and thinks fears about the so-called "fiscal cliff" are overblown.

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