POST Online Media Lite Edition



 

Detroit small business owner's optimism thriving

Staff writer |
In a first-of-its-kind study of America's small business sector survey, the Allstate/USA TODAY Small Business Barometer revealed a groundswell of optimism among Detroit small business owners.

Article continues below






In addition, strong capital highlighted an overall solid small business environment in the city.

Detroit is one of 25 major metropolitan areas across the country that were evaluated by the Small Business Barometer, which combines a survey of more than 2,600 small business owners with a comprehensive catalog of public data to measure the strength of Main Street, U.S.A.

With a national score of 79, optimism received the highest total of any of the eight indicators. In particular, the Barometer revealed optimism to be extremely high among black business owners (100), Hispanic business owners (87), other minority business owners (92) and women business owners (85).

The Barometer analyzed an extensive inventory of public data, including statistics from the U.S. Census Bureau, the Bureau of Labor Statistics, the Federal Reserve and the Federal Register.

The questions posed to small business owners in the survey evaluated their outlook in eight different categories: capital, commodities, customers, innovation, labor, regulation, technology and optimism.


What to read next

Small business optimism index fell to its lowest in two years
Small and medium-sized business leaders enthusiastic about U.S. economy
U.S. small-business owners still upbeat