Entrepreneurs' Organization (EO) Cleveland's Semi-Annual Survey Reveals Optimism in Local Economy

Global Entrepreneurship Survey Reveals Optimism in Cleveland Economy. 100% of EO Cleveland respondents reported a willingness to start a business in current economic environment.

Cleveland, OH, April 27, 2017 --(PR.com)-- Optimism for the local economic environment, an increase in the willingness to start a new business, higher anticipated net profits, and an increased desire to hire more full-time employees are four leading benchmarks in the April 2017 edition of the Cleveland Global Entrepreneur Indicator (GEI), a sem​i-annual survey conducted by the Entrepreneurs' Organization. In total, more than 60 entrepreneurs from Cleveland participated in the survey (held from February 1 - March 1.) Analysis reveals the following short-term sentiments:

Optimism for the local economy is on the rise, with 91% of entrepreneurs polled expecting the current economic environment to improve or stay the same. (Up 10.1% as compared to 80.8% of total respondents in the August 2016 edition of the survey.)

100% of respondents reported a willingness to start a new business; a nearly 15% increase over the August 2016 survey results, where 85.5% of local entrepreneurs polled indicated optimism.​

77.8% of respondents indicated higher anticipated net profits compared to 56.4% during August of 2016

The desire of local to hire more full-time employees has increased 66.7% vs. 50.9% in August of last year.

Gauging local entrepreneurs optimism nationally, the latest GEI findings showcased that 61.9% felt that the economy stateside will improve; up a staggering 38.3% from similar sentiments in August of 2016, where only 23.6% felt that way.

Currently, EO Cleveland is comprised of 155 members with 6,667 combined employees and a median $2.1 million dollars in annual sales.

About the Entrepreneurs’ Organization

The Entrepreneurs’ Organization (EO) is a global, peer-to-peer network of more than 12,000+influential business owners with 160 chapters in 50 countries. Founded in 1987, EO is the catalyst that enables leading entrepreneurs to learn and grow, leading to greater success in business and beyond.
EO Cleveland
Tom Sarago