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04-20-10 EDC Meeting
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04-20-10 EDC Meeting
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2009 SMALL BUSINESS SURVEY RESULTS <br /> 1,080 small business owners from across Minnesota weighed-in on a legislative survey evaluating the <br /> challenges and opportunities facing small businesses statewide. This overview lays out the results <br /> of that unscientific survey—input that will help inform lawmakers craft policies that will help make <br /> Minnesota an even better place to do business. <br /> I. How would you describe your business? <br /> Retail <br /> 24% ; e <br /> k 4 41. Professional <br /> 4 Services <br /> Repair/Maintenance 28% <br /> 13% ;s <br /> Restaurant/Hospitality <br /> 7% Other <br /> 28% <br /> 2. Why did you choose to do business in Minnesota?* <br /> Live in Minnesota 54% <br /> Acquired an existing business 38% <br /> Found a specific niche or clientele in Minnesota 15% <br /> Personal reasons 12% <br /> Minnesota provides a unique business environment 2% <br /> 3. Have you ever considered moving your business to another area of the state? If so,why?* <br /> Have not considered moving 66% <br /> Yes,to access a better small business environment 19% <br /> Yes,to access better opportunities 6% <br /> Yes,to expand a business 6% <br /> 4. Which actions have you taken in response to the recession?* <br /> Froze or cut wages 55% <br /> Cut back scheduled hours for employees 47% <br /> Reduced purchase of outside contract services 41% <br /> Froze or cut benefits 36% <br /> Laid off workers 34% <br /> Increased hours rather than hire new workers 20% <br /> Increased contracting instead of adding staff 10% <br /> *indicates respondents could choose more than one option, or that the question was open-ended <br />
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