Sept. 9, 2004: Small Business Economic Conditions Improve In Second Quarter
WASHINGTON - Economic conditions for small business improved in the second quarter of 2004 according to the recently released Quarterly Indicators: The Economy And Small Business. The report, issued by the U.S. Small Business Administration's (SBA's) Office of Advocacy, shows proprietors' income increased at an annualized rate of 14.8 percent and the National Federation of Independent Business (NFIB) optimism index remained in record high territory.
"The outlook for small business continues to be good," said Thomas M. Sullivan, chief counsel for advocacy. "The economic conditions in the second quarter place small business in a strong position. Over the past year the economic trends have been positive and that's been good for small business owners and their employees."