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... hen New York's Economic Recovery]]></category>
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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:media="http://search.yahoo.com/mrss/" > <channel> <title>Citation Vault</title> <atom:link href="https://citationvault.com/feed/" rel="self" type="application/rss+xml" /> <link>https://citationvault.com</link> <description>Often Imitated but NEVER Duplicated</description> <lastBuildDate>Tue, 19 Dec 2023 14:02:39 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.5.2</generator> <image> <url>https://citationvault.com/wp-content/uploads/2020/11/cropped-Citation-Vault-Logo-32x32.png</url> <title>Citation Vault</title> <link>https://citationvault.com</link> <width>32</width> <height>32</height></image> <item> <title>Touch Of Class Alterations</title> <link>https://citationvault.com/phoenix/clothing-alteration-service-phoenix-az/touch-of-class-alterations/</link> <dc:creator><![CDATA[Mari Torres]]></dc:creator> <pubDate>Fri, 04 Aug 2023 05:04:23 +0000</pubDate> <category><![CDATA[Clothing alteration service]]></category> <guid isPermaLink="false">https://citationvault.com/phoenix/clothing-alteration-service-phoenix-az/touch-of-class-alterations/</guid> <description><![CDATA[]]></description> <content:encoded><![CDATA[Sorry, could not find business info for the given master info ID]]></content:encoded> </item> <item> <title>Big Jim’s Pizza Co.</title> <link>https://citationvault.com/amarillo/pizza-restaurant-amarillo-texas/big-jims-pizza-co-2/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Mon, 16 Jan 2023 21:44:37 +0000</pubDate> <category><![CDATA[Pizza restaurant]]></category> <guid isPermaLink="false">https://citationvault.com/amarillo/pizza-restaurant-amarillo-texas/big-jims-pizza-co-2/</guid> <description><![CDATA[]]></description> <content:encoded><![CDATA[Sorry, could not find business info for the given master info ID]]></content:encoded> </item> <item> <title>Valley Retaining Walls of Abbotsford</title> <link>https://citationvault.com/abbotsford/retaining-wall-supplier-abbotsford-british-columbia/valley-retaining-walls-of-abbotsford/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Fri, 07 Jan 2022 08:38:09 +0000</pubDate> <category><![CDATA[Retaining wall supplier]]></category> <guid isPermaLink="false">https://cvbackup.absolutelyelite.co/abbotsford/retaining-wall-supplier-abbotsford-british-columbia/valley-retaining-walls-of-abbotsford/</guid> <description><![CDATA[]]></description> <content:encoded><![CDATA[Sorry, could not find business info for the given master info ID]]></content:encoded> </item> <item> <title>A1 HighClimbers Tree SErvice</title> <link>https://citationvault.com/bellingham/tree-service-bellingham-washington/a1-highclimbers-tree-service-2/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Fri, 07 Jan 2022 08:08:55 +0000</pubDate> <category><![CDATA[Tree service]]></category> <guid isPermaLink="false">https://cvbackup.absolutelyelite.co/bellingham/tree-service-bellingham-washington/a1-highclimbers-tree-service-2/</guid> <description><![CDATA[]]></description> <content:encoded><![CDATA[Sorry, could not find business info for the given master info ID]]></content:encoded> </item> <item> <title>CBRE Projects 4.7% GDP Growth in 2022</title> <link>https://citationvault.com/small-business-growth/cbre-projects-4-7-gdp-growth-in-2022/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Thu, 06 Jan 2022 18:00:12 +0000</pubDate> <category><![CDATA[Small Business Growth]]></category> <category><![CDATA[CBRE PROJECTS 4.7% GDP GROWTH IN 2022]]></category> <guid isPermaLink="false">https://citationvault.com/?p=11050</guid> <description><![CDATA[According to CBRE’s global chief economist, Richard Barkham, the economy will increase in 2022 and 2023. In a recent CBRE webinar, Barkham predicted that the economy will rise above trend by 4.7 percent in 2022. “That’s strong. “We expect strong demand,” he added. Three reasons are driving the outsized GDP growth after the epidemic. Top […]]]></description> <content:encoded><![CDATA[<p>According to CBRE’s global chief economist, Richard Barkham, the economy will increase in 2022 and 2023. In a recent CBRE webinar, Barkham predicted that the economy will rise above trend by 4.7 percent in 2022. “That’s strong. “We expect strong demand,” he added.</p><p><img decoding="async" width="300" height="300" src="https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1-300x300.jpg" alt="richard-barkham-" loading="lazy" srcset="https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1-300x300.jpg 300w, https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1-1024x1024.jpg 1024w, https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1-150x150.jpg 150w, https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1-768x768.jpg 768w, https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1-1536x1536.jpg 1536w, https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1-350x350.jpg 350w, https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1-100x100.jpg 100w, https://citationvault.com/wp-content/uploads/2022/01/richard-barkham-1680x1680-1.jpg 1680w" sizes="(max-width: 300px) 100vw, 300px"></p><p>Three reasons are driving the outsized GDP growth after the epidemic. Top on the list is fiscal and monetary stimulus. It also kept the economy from collapsing due to bad attitude, according to <a href="https://www.cbre.com/people/richard-barkham" target="_blank" rel="noopener">Barkham</a>. “It also boosted consumer incomes, which benefited multifamily.”</p><p>Even though the stimulus has faded, the impact has. Another indicator of hope for the economy is stronger fiscal growth and government expenditure. “The impacts endure throughout the US economy, both government expenditure and low interest rates,” adds Barkham. “The Build Back Better program will lead to further budgetary expansion, which will boost optimism. We expect these forces to remain strong in 2022 and 2023.</p><p>Second, the full reopening of the economy next year will support further economic recovery in 2022. However, when more versions arise, some rules stay in force. Reopening will be conceivable if the immunization campaign works and booster injections are available. “It depends on the vaccine program’s success,” adds Barkham. A reopening of the economy, notably in the service sector, will continue to fuel development in 2022.</p><p>Consumer spending growth is the final component in economic recovery. People are rich with cash after two years of staying at home and multiple rounds of personal economic stimulus payments. “That will boost consumer spending. That expenditure in products will offer chances in industry and logistics,” says Barkham, who adds that consumers aren’t the only ones with additional cash. As a result of the epidemic, many businesses are upgrading IT systems and other office-related technology.</p><p>These factors are boosting macroeconomic growth and our industry’s revival. The three criteria, according to Barkham, are: The previous 12-18 months have seen a near-full rebound in real estate. We experienced net industrial, multifamily, and retail absorption.”</p>]]></content:encoded> </item> <item> <title>How the economy will fare in 2022, from COVID to the Federal Reserve</title> <link>https://citationvault.com/small-business-growth/how-the-economy-will-fare-in-2022-from-covid-to-the-federal-reserve/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Thu, 06 Jan 2022 17:12:25 +0000</pubDate> <category><![CDATA[Small Business Growth]]></category> <category><![CDATA[HOW THE ECONOMY WILL FARE IN 2022]]></category> <guid isPermaLink="false">https://citationvault.com/?p=11036</guid> <description><![CDATA[Price increases, stock market gains, job loss and the Fed’s stop-snoring are all possible in 2022. That’s not all: Omicron instances are soaring, and total government breakdown is approaching. Businesses, individuals, and investors must plan in this climate. Identifying the risks and possibilities for growth is the only way to do so. Here are some […]]]></description> <content:encoded><![CDATA[<p>Price increases, stock market gains, job loss and the Fed’s stop-snoring are all possible in 2022. That’s not all: Omicron instances are soaring, and total government breakdown is approaching.</p><p>Businesses, individuals, and investors must plan in this climate. Identifying the risks and possibilities for growth is the only way to do so.</p><p>Here are some crucial considerations to consider.</p><p><img decoding="async" width="1000" height="667" src="https://citationvault.com/wp-content/uploads/2022/01/web-design-near-me.jpg" alt="Local Business" loading="lazy" srcset="https://citationvault.com/wp-content/uploads/2022/01/web-design-near-me.jpg 1000w, https://citationvault.com/wp-content/uploads/2022/01/web-design-near-me-300x200.jpg 300w, https://citationvault.com/wp-content/uploads/2022/01/web-design-near-me-768x512.jpg 768w, https://citationvault.com/wp-content/uploads/2022/01/web-design-near-me-350x233.jpg 350w" sizes="(max-width: 1000px) 100vw, 1000px"></p><h2>Supply chains and COVID:</h2><p>First, the 800-pound gorilla: COVID. The virus’s fate is the major economic problem.</p><p>Currently, we fear Omicron. This quickly spreading but less lethal strain might be the one that ends the pandemic or sparks the next catastrophic viral epidemic.</p><p>If Omicron prevails and becomes less lethal, the economy should be able to develop steadily. The worldwide supply chain issues may be resolved without further disruptions. The “next normal” may arrive this year.</p><p>Even a less lethal infection might cause complications. The development of “herd immunity” might allow people to return to work, education, and social activities in areas where vaccination is common and COVID is minimal. COVID is here to stay, but it won’t be crippling.</p><p>The hazards are still high in nations where vaccination rates are low or when vaccines are ineffective. Sub-Saharan Africa, South Asia, and Latin America are Some have become major global suppliers.</p><p>Also, China’s vaccination efficacy is dwindling. Periodic breakouts followed by shutdowns in critical nations might stifle global supply chain untangling and slow global growth.</p><h2>Supply chain issues will alleviate but not eliminate this year.</h2><p>While COVID has contributed to rising manufacturing costs and the resurgence of corporate pricing power, it is not the primary cause. Federal stimulus packages totaling almost $5 trillion not only pulled us out of the terrible recession, but also fueled an astonishingly rapid and huge recovery.</p><p>In any case, whether you worked or not, whether your company existed or shut down, whether the federal government deemed it necessary, the feds delivered a check. Most economic units gained directly from stimulus packages, while others benefited indirectly from the economy’s swift recovery.</p><p>But no good act goes unpunished, and the choice to keep some services running is now a political prisoner. Important initiatives, especially those that aided poorer families and children, are being held hostage by the opposition’s refusal to support anything.</p><h2>Is another stimulus bill needed? If you desire fast growth.</h2><p>Currently, no substantial new stimulus measure is likely. If so, it will be minor. That has lowered economists’ growth expectations for 2022. Free lunches don’t exist, yet withholding them creates hunger.</p><p>Is slower growth bad? No. The present high inflation was not caused solely by global supply networks. The large inflow of cash allowed businesses and people to quickly resume spending. Limited supply allowed firms to hike prices without repercussion. And they do.</p><p>The spike in demand exacerbated a labor scarcity, driving up salaries. It has inspired workers to rediscover the benefits of job mobility, and they are departing in record numbers. So long as demand is robust, labor should stay competitive.</p><h2>Ah, to own a home or stock. Their valuations have risen in recent years.</h2><p>On the one hand, this boosted confidence and expenditure. But, as the dot.com and housing booms showed, what goes up must come down. While the asset price bubbles may not have burst, their long-term viability is questioned.</p><p>Hope for the best, but prepare for the worse.</p><p>The Fed and interest rates</p><p>Then there’s the Fed. For nearly a decade, the Fed has held rates around historic lows. Many now consider these “emergency” rates typical.</p><p>With high growth and inflation, the Fed must slow the merry-go-round by hiking interest rates.</p><p>On the plus side, higher rates may curb some market excesses. However, increased rates, coupled with reduced government support, might slow the economy more than predicted. What’s more, the Fed must clean up the mess it caused by keeping rates low.</p><p>Rates are expected to rise, but not enough to kill the golden stock or housing market goose.</p><p>So, there you go. The good, terrible, and confused forces that will shape development in 2018. Success.</p>]]></content:encoded> </item> <item> <title>Governor Hochul Announces Billion Dollar Rescue Plan for Small Businesses and Strengthen New York’s Economic Recovery</title> <link>https://citationvault.com/small-business-growth/governor-hochul-announces-billion-dollar-rescue-plan-for-small-businesses-and-strengthen-new-yorks-economic-recovery/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Thu, 06 Jan 2022 16:52:56 +0000</pubDate> <category><![CDATA[Small Business Growth]]></category> <category><![CDATA[For Small Business And Strengthen New York's Economic Recovery]]></category> <guid isPermaLink="false">https://citationvault.com/?p=11019</guid> <description><![CDATA[Governor Hochul Announces Billion Dollar Rescue Plan for Small Businesses and Strengthen New York’s Economic Recovery. Small businesses incurring COVID-related capital expenses will benefit from a new tax credit, which will be available in the near future.  SBA’s Small Business Lending Initiative will make loans to expanding small businesses more easily accessible. The Governor will […]]]></description> <content:encoded><![CDATA[<ul><li>Governor Hochul Announces Billion Dollar Rescue Plan for Small Businesses and Strengthen New York’s Economic Recovery.</li><li>Small businesses incurring COVID-related capital expenses will benefit from a new tax credit, which will be available in the near future.</li><li> SBA’s Small Business Lending Initiative will make loans to expanding small businesses more easily accessible.</li></ul><p>The Governor will introduce legislation to make the sale of to-go drinks in bars and restaurants a permanent fixture in state law.</p><p>New York Governor Kathy Hochul today unveiled a new billion-dollar rescue plan for small companies as part of the State of the State address in 2022. A variety of initiatives focusing on growing the businesses of the future, assisting new businesses struggling to establish themselves, and providing tax relief will be implemented as part of the Governor’s plan. Small businesses, which account for 98 percent of all businesses in New York, are the backbone of the state’s economy. Additionally, in order to assist New York’s restaurant economy, which has been particularly badly impacted by COVID-19, the Governor will present legislation to enable bars and restaurants to sell to-go beverages on a permanent basis throughout the state.</p><p>“The rehabilitation and success of our small companies are critical to New York’s resurgence,” Governor Andrew M. Hochul remarked. “Since the outbreak of the pandemic, small company owners have been confronted with a variety of unusual obstacles. New York has arrived with a straightforward message: assistance is on the way.”</p><p>As a former small company owner, Governor Hochul is well aware of the difficulties that small enterprises face, even in the best of economic conditions. Additionally, Governor Hochul is acutely aware of how influenza has impacted small companies throughout New York State, as well as what is required at this time to aid in the recovery of our small businesses in the state.</p><p>Governor Hochul’s Billion Dollar Rescue Plan will include targeted programs strategically designed to respond to the needs of small businesses, as well as programs to ensure that disadvantaged, minority-owned, and women-owned small businesses prosper throughout the state, to assist them during this critical time.</p><h2>The Billion-Dollar Rescue Plan consists of the following components:</h2><p>New York State’s Small Business Innovation Research and Development (SBIR) initiative will support venture capital and venture loan awards to rapidly developing, venture-backed firms that either relocate to or continue to grow in the state. This money will aid rising small firms in the innovation sector, especially minority- and women-owned enterprises that are typically neglected by private-sector venture capital investments, by providing them with resources and assistance. New York State will maintain its position as a leader in innovation and small company development as a result of this initiative.</p><p>Capital expenditures for COVID-related capital improvements, such as retrofits, renovations, machinery, and equipment, will be eligible for a tax credit under the Small Business COVID Capital Investment Tax Credit.</p><p>This project will give flexible subsidies to early-stage small enterprises in order to assist those who have recently established in order to get their operations up and running despite the COVID epidemic, according to the Department of Commerce. Small company owners that are socially and economically disadvantaged will be given first consideration.</p><p>SBA’s Small Business Lending Initiative will provide lower interest rates and more readily available loans to small firms that are expanding. A key component of this effort will be the implementation of an initiative to address disparities in the traditional loan market, which frequently prevents small businesses, particularly those from economically and socially disadvantaged backgrounds, from obtaining loans to expand their operations or take on larger government contracts.</p><p>State-backed funding and technical assistance will be provided through the Excelsior Contracting Opportunities Initiative to position small businesses — particularly those that are socially and economically disadvantaged— to compete for federally funded contracts associated with the $1.2 trillion federal Infrastructure Investment and Jobs Act. Furthermore, the establishment of an interagency Excelsior Contracting Opportunities Council — comprised of representatives from Empire State Development, the State Department of Transportation, the New York State Thruway Authority, the Metropolitan Transportation Authority, and the Port Authority of New York and New Jersey — will help to identify strategies to encourage greater participation by small businesses, particularly minority- and women-owned small businesses, in upcoming federally funded infrastructure projects across the country.</p><p>The sale of to-go beverages for bars and restaurants should be made permanent since they were a vital source of revenue for New York’s bars and restaurants during the epidemic, allowing many small companies across the state to pay their rents or mortgage payments. – Governor Andrew M. Hochul has announced that the sale of to-go beverages for use outside of a business will be permitted indefinitely to continue to promote the recovery of bars and restaurants in New York State.</p><p>As part of his tax relief package, Governor Hochul would grant $100 million in tax relief to 195,000 small companies by broadening eligibility and raising the amount of a tax return adjustment that decreases a small company’ gross business income.</p>]]></content:encoded> </item> <item> <title>A healthier, wealthier Fort Mill, SC for 2022? Healthcare leads major new business growth</title> <link>https://citationvault.com/small-business-growth/a-healthier-wealthier-fort-mill-sc-for-2022-healthcare-leads-major-new-business-growth/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Thu, 06 Jan 2022 16:20:35 +0000</pubDate> <category><![CDATA[Small Business Growth]]></category> <category><![CDATA[Healthier Wealthier Fort Mill SC FOR 2022]]></category> <guid isPermaLink="false">https://citationvault.com/?p=11003</guid> <description><![CDATA[While Fort Mill continues to attract new firms, we appreciate the efforts made by existing businesses to survive the difficulties of 2020 and 2021. After a 15-year wait, Piedmont’s new hospital on Highways 160 and 21 is rapidly approaching completion. The hospital will have 100 beds and cost $170 million. On the 40-acre site will […]]]></description> <content:encoded><![CDATA[<p>While Fort Mill continues to attract new firms, we appreciate the efforts made by existing businesses to survive the difficulties of 2020 and 2021. After a 15-year wait, Piedmont’s new hospital on Highways 160 and 21 is rapidly approaching completion. The hospital will have 100 beds and cost $170 million. On the 40-acre site will be a 60,000-square-foot medical facility. In October, Piedmont got a $1.7 million certificate of need for the “establishment of diagnostic cardiac catheterization lab”. Better access to healthcare, career prospects, and a new community connection with Piedmont will all benefit Fort Mill. On the Southern Bypass between Doby’s Bridge and Holbrook Road in Fort Mill, Atrium Heath will lease a new facility for medical offices. Piedmont developed and operates a new emergency response facility on Gold Hill Road. The new Encompass Health Rehab site off Pleasant Road should be ready shortly. With the epidemic in year two, these extra resources are needed more than ever.</p><p style="font-size: 16px; font-style: normal; font-weight: 600;">The municipality approved a new adult assisted living facility to be erected beside a commercial and age-restricted residential development along the southern bypass and Williams Road. Terrier Financial, Good Eats, and Emmets Social Table opened in Fort Mill. Opened in 1873, Replay Brewery The brewery is open, and Little York Brewing Company should open soon. </p><figure> <a href="https://lh5.googleusercontent.com/p/AF1QipNHSm4bE_vCAbi3I6-xoj28pMf5XvEqiHmz2oeh=w408-h442-k-no" target="_blank" rel="noopener"><br /><img decoding="async" src="https://lh5.googleusercontent.com/p/AF1QipNHSm4bE_vCAbi3I6-xoj28pMf5XvEqiHmz2oeh=w408-h442-k-no" title="" alt="Replay Brewery Fort Mill, SC"> </a><figcaption></figcaption></figure><p>What is Fort Mill’s largest continuing economic development initiative until 2022? Changes in Fort Mill? </p><p>The new Piedmont Medical Center facility in Fort Mill will expand our medical options. Savage: Expanding our community’s health care alternatives keeps citizens from fleeing town, county, or state. The new Harris Teeter on the southern bypass will provide more grocery alternatives on the east side.</p><p>What is a key company growth initiative happening in 2022 that few people know about? According to Bowers, the South Carolina Business Tax Standardization Act (Act 176) would fundamentally alter how businesses pay and interact with communities in 2022, including Fort Mill Business owners should also monitor the Fort Mill School District’s negotiations with York County (on impact fees). </p><p>If the issue is resolved, property owners might expect considerable tax savings in 2022. </p><p>The rug shop on Spratt Street and Kimbrell’s Furniture downtown are both under contract, but no one knows who is buying or what they will become. The former Mack Mercantile storefronts on Main Street will have new retail and office space. Wallace Coleman’s Wrecker and Service Station on 160 will become a new restaurant. There will be chicken sandwiches and outdoor seating. </p><p><b>Fort Mill’s main business problem in 2022?</b></p><p>Fort Mill, SC</p><figure> <a href="https://lh5.googleusercontent.com/p/AF1QipPNEi1ksy3Nd9V6eE2SobG-y9jgk5n9734GWanz=w426-h240-k-no" target="_blank" rel="noopener"><br /><img decoding="async" src="https://lh5.googleusercontent.com/p/AF1QipPNEi1ksy3Nd9V6eE2SobG-y9jgk5n9734GWanz=w426-h240-k-no" title="" alt="Fort Mill, SC"> </a><figcaption></figcaption></figure><p><iframe src="https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d104575.15047187777!2d-80.9450759369515!3d35.0073696761352!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x88568454b4466cf7%3A0x7f43013ba55d7a02!2sFort%20Mill%2C%20SC!5e0!3m2!1sen!2sus!4v1641486320523!5m2!1sen!2sus" width="600" height="450" style="border:0;" allowfullscreen="" loading="lazy"></iframe></p><p>The epidemic, increasing prices, and job concerns are all challenges for businesses. Our companies are persistent in their efforts to serve Fort Mill. Hopefully, the new I-77/160 interchange and more business alternatives on the east side can relieve some traffic congestion. </p><p>Businesses continue to struggle to fill entry-level roles. Supply chain difficulties will also persist in 2022. </p><p>What businesses will be more prevalent in Fort Mill by the end of 2022? </p><p>Professional services, daycare facilities, and medical care enterprises will all increase in 2022.</p><p>The corporate and commercial expansion of Fort Mill is quite pleasing. Our community enjoys wonderful food and services. Let’s see what 2022 brings!</p>]]></content:encoded> </item> <item> <title>Despite ongoing supply chain and cost-related challenges, businesses set their sights on growth in 2022, according to JPMorgan Chase survey results</title> <link>https://citationvault.com/small-business-growth/despite-ongoing-supply-chain-and-cost-related-challenges-businesses-set-their-sights-on-growth-in-2022-according-to-jpmorgan-chase-survey-results/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Thu, 06 Jan 2022 16:03:26 +0000</pubDate> <category><![CDATA[Small Business Growth]]></category> <category><![CDATA[ongoing supply chain and cost-related challenges]]></category> <guid isPermaLink="false">https://citationvault.com/?p=10989</guid> <description><![CDATA[Companies exhibit increasing confidence in their business and economic prospects. Revenue and credit requirements are projected to rise as firms solve difficulties and grow. NEW YORK— The JPMorgan Chase 2022 Company Executives Outlook Survey released today indicates that small and midsize U.S. business leaders are confident in their enterprises and resourceful in handling macroeconomic problems. […]]]></description> <content:encoded><![CDATA[<p>Companies exhibit increasing confidence in their business and economic prospects.<br />Revenue and credit requirements are projected to rise as firms solve difficulties and grow.</p><p>NEW YORK— The JPMorgan Chase 2022 Company Executives Outlook Survey released today indicates that small and midsize U.S. business leaders are confident in their enterprises and resourceful in handling macroeconomic problems.</p><p>The majority of corporate executives are positive about their own success in 2022, up from 77 percent and 63 percent one year earlier. Comparatively, business executives are more optimistic about their industry’s success and the local, national, and worldwide economies. Despite the uncertainty caused by COVID-19, companies are optimistic about the next year, with 80% of midsize and 63% of small enterprises expecting revenue and sales growth. In accordance with these development ambitions, over 40% of those polled expect credit requirements to rise in 2022, the biggest percentage in five years.</p><p><img decoding="async" width="640" height="410" src="https://citationvault.com/wp-content/uploads/2022/01/Supply-Chain.jpg" alt="Supply Chain" loading="lazy" srcset="https://citationvault.com/wp-content/uploads/2022/01/Supply-Chain.jpg 640w, https://citationvault.com/wp-content/uploads/2022/01/Supply-Chain-300x192.jpg 300w, https://citationvault.com/wp-content/uploads/2022/01/Supply-Chain-350x224.jpg 350w" sizes="(max-width: 640px) 100vw, 640px"></p><p>“Businesses have been essential accelerators of the sustained economic recovery,” said Jim Glassman, head economist, JPMorgan Chase Commercial Banking. Having a better grasp of how to remain competitive in today’s economic climate should help them to build on last year’s success.</p><p>More than half (53%) of midsize enterprises are running at or above pre-pandemic levels, with nearly one-third (31%) running at or above pre-pandemic levels, demonstrating that some organizations have leaned into the disruption and continued to develop. 70% have seen profits recover to pre-pandemic levels or exceed them. 9 out of 10 midsize enterprises anticipate to expand in 2022, with the most popular growth drivers being expansion into new markets or geographies, innovation or product and service diversity, and higher customer demand.</p><p>Managing Economic and Operational Risk</p><p>All firms, regardless of size, had to negotiate an unpredictable and obstacle-filled operating environment last year. Here are the top three difficulties facing SMBs.</p><h2>Top Business Challenges</h2><ul><li>SMBs</li><li>SMEs</li><li>Uncertainty in</li><li>Labor crunch</li><li>Inflation</li><li>Supply chain concerns</li><li>COVID-19 shifts consumer habits</li><li>Increasing company costs</li></ul><h2>Small and medium enterprises have changed their business strategies to address today’s problems.</h2><p>Over half (51%) of small enterprises have acquired suppliers from new areas to ease supply chain interruptions. Many have also raised budgets to cover expenses associated with shifting items (48%) and changing materials or production methods (32%). (30 percent ).</p><p>Employee Rewards: Concerned about recruitment and hiring, 81 percent of midsize enterprises and 38% of small businesses have raised pay or plan to do so. Flexibility is also an important issue for many company owners, with 44% of midsize organizations currently offering or planning to offer employees more flexible hours. Small firms have increased employee perks including health insurance (61%) and 401K plans to retain personnel (37 percent ).</p><p>While small companies are concerned about how COVID-19 could affect customer preferences, they are increasingly using digital platforms to contact consumers. Nearly one-quarter (24%) of small firms have improved sales on social media channels. 19% aim to go to virtually 100% e-commerce in the next year, up from 12% last year.</p><h2>Small Business Financial Needs</h2><p>Small company owners will need to find new sources of capital in the next year. 7 in 10 (69%) intend or require funding in 2022, up from 59% last year, with software systems and development being the biggest demand (23 percent ). Nearly half of small firms expect to use business credit cards to help fund purchases, up from 38% last year, with line of credit funding coming in second. Small firms (68%) want to investigate internet lending possibilities, up from 56% a year earlier.</p><p>C.E.O. of Chase Business Banking Ben Walter: “We are thrilled to see small business confidence improving.” We are delighted to help our clients as they handle supply constraints, modify local safety regulations and discover inventive methods to acquire personnel in a limited labor market. Chase is eager to assist when confidence grows.</p><p>New Year, New Thoughts</p><p>Businesses should plan for the following in 2022:</p>]]></content:encoded> </item> <item> <title>Boost Your Leadership Skills in 2022!</title> <link>https://citationvault.com/small-business-growth/boost-your-leadership-skills-in-2022/</link> <dc:creator><![CDATA[Citation Vault]]></dc:creator> <pubDate>Thu, 06 Jan 2022 15:53:42 +0000</pubDate> <category><![CDATA[Small Business Growth]]></category> <category><![CDATA[BOOST YOUR LEADERSHIP SKILLS IN 2022!]]></category> <guid isPermaLink="false">https://citationvault.com/?p=10980</guid> <description><![CDATA[“As the leaders go, so go the people,” goes an old proverb. Everyone has unique leadership characteristics. Adapt yours this year. Here are some ideas to set leaders apart in most organizations. They could help you in the new year. Curiosity- It is hard for a leader to know everything about everything in their firm. […]]]></description> <content:encoded><![CDATA[<p></p> </p><p>“As the leaders go, so go the people,” goes an old proverb. Everyone has unique leadership characteristics. Adapt yours this year.</p><p> <p></p><p></p> </p><p>Here are some ideas to set leaders apart in most organizations. They could help you in the new year.</p><p> <p></p><p></p> </p><p>Curiosity- It is hard for a leader to know everything about everything in their firm. However, leaders that are eager to learn new things will be well on their way to enhancing their leadership. Be open to learning new things, whether historical, scientific, technological, or emotional. Persist in reading, whether it be books, e-books, audiobooks, or podcasts It’s never been simpler to get materials like these. Profit from studying a topic you’ve always been fascinated about.</p><p> <p></p><p> <img decoding="async" width="768" height="512" src="https://citationvault.com/wp-content/uploads/2022/01/local-business-marketing2-768x512.jpg" alt="Local Business Marketing" loading="lazy" srcset="https://citationvault.com/wp-content/uploads/2022/01/local-business-marketing2-768x512.jpg 768w, https://citationvault.com/wp-content/uploads/2022/01/local-business-marketing2-300x200.jpg 300w, https://citationvault.com/wp-content/uploads/2022/01/local-business-marketing2-350x233.jpg 350w, https://citationvault.com/wp-content/uploads/2022/01/local-business-marketing2.jpg 1000w" sizes="(max-width: 768px) 100vw, 768px"> </p><p></p> </p><p>Flexibility- Leaders must be flexible. Problems will arise from all angles, and decisions will need to be taken based on the available data. The identical issue may arise again in the future, but circumstances may have altered, necessitating a new conclusion. Be flexible, because your criteria may have altered after you made your selection. You must have the intelligence, willingness, and flexibility to change your mind if necessary.</p><p> <p></p><p></p> </p><p>Keep the Main Thing the Main Thing- Many individuals are concerned with the past and the future. Good leaders learn from their prior errors and triumphs. Be aware of your current circumstances, both controllable and not. Focus on what you can control and what you cannot. Identify the distinctions between them. For example, you probably can’t stop the COVID epidemic from spreading. Keep an optimistic outlook and expand your business. Try focusing on something for up to twenty seconds (breathing, listening to the sounds of nature, praying for someone, or even feeling the texture of your clothes). Try it as often as you can during the day to see if it helps you focus. It may at least provide a different viewpoint.</p><p> <p></p><p></p> </p><p style="font-size: 16px; font-style: normal; font-weight: 600;">Dealing with negativity is perhaps the most difficult component of self-improvement for company owners and leaders. If you are a goal-oriented person, you will face numerous challenges in achieving your objective (s). Fear, uncertainty, worry, and delay are just a few instances of potential roadblocks. People are naturally more at ease sustaining the status quo than trying new things. There is a natural hesitation to try new things or change things. To overcome opposition, you must overcome your emotions. Remember that there are three types of people: those who observe, those who cause, and those who are unaware. Make things happen.</p><p style="font-size: 16px; font-style: normal; font-weight: 600;"> </p><p style="font-size: 16px; font-style: normal; font-weight: 600;"> </p><p style="font-size: 16px; font-style: normal; font-weight: 600;">Not alone- Keep in mind that you are not the sole leader. You are not the only one who has faced troubles and situations that require immediate attention. Many others are in the same ‘boat’. While it is certainly true that misery loves company, it is also comforting to know that someone else is going through considerably more difficult circumstances than you. There may be a chance to reach out and help someone else. This method often helps you as well as the other person.</p><p style="font-size: 16px; font-style: normal; font-weight: 600;"> </p><p style="font-size: 16px; font-style: normal; font-weight: 600;"> </p><p style="font-size: 16px; font-style: normal; font-weight: 600;">Most leaders are continuously looking to improve. Keep business development in mind as you navigate your company through the challenges and triumphs of 2022.</p><p> <p></p>]]></content:encoded> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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