San Diego Chamber Of Commerce Survey Finds Bright Business Outlook
Thursday, March 6, 2014
Aired 3/6/14 on KPBS News.
San Diego business owners are felling upbeat about the region's economy in the latest Chamber of Commerce survey.
San Diego business owners are feeling more optimistic about the region's economic health, according to a Regional San Diego Chamber of Commerce survey.
The Chamber of Commerce business index hit a seven-month high in January and it continues to track closely with economic predictions for the region.
Both are showing positive movement since last summer.
The chamber polls companies on revenue, industry conditions, number of employees and employee hours. The result is a positive outlook for the seven-month-old report.
The chamber worked on the survey with Silvergate Bank, San Diego County and Competitive Edge Research.
Silvergate Bank president Alan Lane said the poll found the region's visitor industries are the most highly regarded sector of the economy.
"Most of the companies that were surveyed viewed tourism, entertainment and hospitality as most important," Lane said.
Life sciences, defense and construction were ranked second, third and fourth.
The survey also found more than half of companies with more than 50 workers plan to add staff in coming months. Smaller businesses were not that optimistic.
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