October 31, 2020  
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Small Business Owners In New Jersey Not Expecting Better Days

Written by Jenna Weiner
Published: 12/2/2010

Only 23 percent said they thought the first half of 2011 would be better

Small business owners in New Jersey are discouraged about an economic recovery in the near future, according to a recent survey by an industry group.

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The New Jersey Business and Industry Association's annual survey revealed that the majority of the 1,311 respondents said they were pessimistic about their business prospects improving in the first half of 2011. Just 23 percent of those surveyed said that they believed the economy would perform better in the first half of next year, while 33 percent said they thought it would get worse.

The president of the group, Philip Kirschner, said that entrepreneurs were apprehensive about the what was to come.

"Many businesses continue to battle strong economic headwinds, and they face a still uncertain future," Kirschner said regarding the news for small business owners. "This does not inspire confidence in a downturn that has already lasted nearly three years."

Another recent poll of small business owners in the Garden State revealed that many had either been sued or feared being sued in the near future.

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