Optimism prevails among minority business owners: survey
(StatePoint) — Even as minority business owners face new economic challenges, including supply chain disruptions and inflation, results from PNC’s recent Economic Outlook survey show an impressive resiliency and positive mindset among these business leaders, according to Marshalyn Odneal, national sales executive for Minority Business at PNC Bank.
According to PNC’s survey, more than two-thirds (68%) of minority business owners feel highly optimistic about the prospects of their own company in the next six months, compared to just 60% of non-minority-owned businesses.
While business owners as a whole remain cautious about the national economy, the gap between optimism among minority business owners for their own company versus the broader U.S.
economy is 40 percentage points, significantly higher than the 31-point difference among non-minority owners. “I have no doubt that minority business owners who were able to manage through the pandemic had to make unprecedented decisions related to staffing, business models and pricing.
