Fox Cities businesses optimistic about 2011

Posted on Feb 2, 2011 :: Insight on Business.
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Posted by of Insight Publications

We’re a month into 2011 and a survey released this week by the Fox Cities Chamber of Commerce shows area businesses are optimistic about the coming year.

For the 2011 Fox Cities Chamber Economic Outlook Survey, the chamber surveyed 200 members asking about last year’s performance, their predictions for 2011 and their take on current economic conditions. The survey (which you can download by clicking here) was unveiled Wednesday morning during an event at the Radisson Paper Valley Hotel.

Here’s a quick look at what businesses had to say:

  • 49.5 percent of businesses predict economic growth in the coming year.
  • 11 percent of businesses said the national economy was good, up from 4.5 percent last year. Closer to home, 17 percent said the Fox Cities’ economic vitality was good. Another 35.5 percent rated it as average and 53 percent ranked it below average to poor.
  • 75 percent of businesses rated the Fox Cities as a better place to do business than cities of similar size. In addition, 95 percent say the Fox Cities is a better place to live than other similar size markets.
  • 63.5 percent of businesses said the availability of qualified workers as excellent to good, which was about the same as 2010.

Forty businesses plan capital expansions in the next year, which is 30 percent higher than last year’s 28.