Trenton, NJ - Businesses are positive about their prospects in the year ahead as the state continues to recover from recession, according to NJBIA’s annual Business Outlook Survey. NJBIA member companies reported that as a group, they expect sales, profits and employment to all go up in the year ahead, President and CEO Michele Siekerka said at a press conference this morning in Trenton. Amidst the positive results, however, is an underlying concern about New Jersey’s broader business climate.
“Our members feel very good about the prospects for their own businesses in 2016,” Siekerka said. “These survey results are a further indication that the New Jersey economy is heading in the right direction, on an upward trajectory, as our members continue to put the recession in their rearview mirror.”
This year’s Business Outlook Survey is based on 1,105 valid responses. Most respondents were small businesses with 69 percent reporting fewer than 25 employees, 12 percent 25-49 employees; 9 percent 50-99 employees and 11 percent 100 or more employees.
This year’s Business Outlook Survey is based on 1,105 valid responses. Most respondents were small businesses with 69 percent reporting fewer than 25 employees, 12 percent 25-49 employees; 9 percent 50-99 employees and 11 percent 100 or more employees.
