The Gazelle Index expects to see significant hiring in 2012, growth projected at 3% and unemployment at 7.8%. Corporations are starting to invest, consumers are spending more, housing starts are improving.
The major objective for most small businesses is to improve business-to-business sales. Increasing on-line sales is not as important, however government sales are very important to blacks and Hispanics.
The Paryoll Tax Extension bill finally passed Congress, but the arguing among Republicans and Democrats is hurting small business confidence–63% said it is making them more pessimistic.
The Gazelle Index is a national survey of small businesses owned by whites, blacks, Hispanics, men and women. Small business hiring will increase in 2012 in all regions except the West and for all groups except Hispanics.