Fourth Annual First Citizens Bank Small Business Forecast Shows U.S. Small Business Owners Positive About 2018, Less Certain About Long-Term Economy
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: GlobeNewswire
RALEIGH, N.C., May 02, 2018 (GLOBE NEWSWIRE) -- The fourth annual First Citizens Bank Small Business Forecast reveals that the majority of small business owners are positive about 2018 but are less certain about the long-term economy. The findings were released during National Small Business Week, April 29 to May 5, 2018. Overall, 75 percent of respondents believe their businesses will grow or expand in 2018, with the strongest confidence among millennial small business owners (80 percent). Meanwhile, 60 percent of respondents are optimistic about the U.S. economy in the next two to three years, but the percentage is 8 percent lower than in 2017. Millennials had the most significant decrease in their economic views, down by 21 percent from last year. Kate Stackhouse, director of sales strategy at North Carolina-headquartered First Citizens Bank, acknowledges the importance of small business owners saying, “Small businesses are key drivers of our economy. Not only do they promote i
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