Small businesses “cautiously optimistic,” says TD Bank survey
New York City small business owners, including those in Brooklyn, have a more positive outlook on their business prospects in 2015 than they did in 2014, according to TD Bank’s second annual Small Business Pulse Check.
In this survey, TD asked 495 business owners in the five boroughs — including 101 in Brooklyn — about their revenue goals, 2015 outlook, financing needs and the impact of the overall economy on their businesses.
For the purposes of this survey, the bank defined “small business” as one that has $5 million or less in yearly revenue and 100 or fewer employees, according to Chris Giamo, regional president, Metro New York, for TD Bank. These businesses represent a sample of several different sectors — commercial, industrial, retail, service and more.