Small Business Startup News

Small Businesses To Add Millions Of Jobs In 2011

Written by Jenna Weiner
Published: 3/14/2011

Small businesses are expected to 3.8 million jobs to economy in 2011, according to recent survey.

According to recent small business news, optimism, lending and spending are set to increase in this sector over the next 12 months. Now, hiring is expected to join the trend.

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The Small Business Success Index, released by the Center for Excellence in Service at the University of Maryland's Robert H. Smith School of Business and Network Solutions, found that U.S. small business owners are planning to add nearly 3.8 million jobs to the economy in 2011.

The survey, which polled 500 small business owners and used Census Bureau data, found that 28 percent of respondents plan to increase staffing by an average of two full-time workers in 2011.

"As [small businesses] begin to hire again, owners need to focus on finding the right people to help grow their businesses. They need employees who understand customers' needs and can provide the level of service that is so critical to the success of small enterprises," said Janet Wagner, director of the Center for Excellence in Service.

Last week, the National Federation of Independent Business found that 17 percent of small businesses expect to increase hiring in a separate survey of 2,144 owners.

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