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Good news on the employment and profitability front for small businesses. The 2023 Report on Employer Firms: Findings from the 2022 Small Business Credit Survey, released last week, found that some small business trends are returning to pre-pandemic norms. For the first time since the 2020 survey, the report showed small businesses “were more likely to report that revenues and employment levels increased rather than decreased in the past 12 months, and the share of firms reporting that they were operating profitably rose substantially year over year.”
To read more insights from the report, click here.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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