This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Key Survey Shows Middle Market Businesses Favoring Slow Growth

CLEVELAND, Feb. 20, 2014 /PRNewswire/ -- Middle market business leaders are taking cautious steps toward growth, according to results of KeyBank's monthly Middle Market Business Sentiment Survey.

KeyBank Middle Market Business Sentiment Survey

Despite continuing concern about the economy's strength, there are more plans to add staff, and expand or renovate existing facilities. About 50 percent of business leaders polled indicate they will consider growth through acquisition or merger.

"Middle market business leaders are more confident in the outlook for their companies, but are still concerned about the economic outlook for the United States," said Cindy Crotty, head of KeyBank's Commercial Banking segment, which includes the middle market. "We see our clients taking a very measured approach to expanding." KeyBank partnered with Lieberman Research to survey 150 middle market financial decision makers between Jan. 6-10, 2014.

The survey results showed 62 percent of those polled expect to expand their business in the next six months, with 69 percent of those with expansion plans opting to add staff. There was a 50-50 split between businesses leaders who are somewhat to very likely to expand through acquisition and merger in the next six months, and businesses leaders who do not anticipate acquiring or merging with another company.

Middle market business leaders opting to grow by adding staff are looking for ways to manage the incremental employee expenses, including benefits, Crotty said.

A significant percentage of those polled indicated they will also expand facilities. Crotty said business leaders who plan to acquire new facilities, renovate existing buildings or expand existing buildings should discuss special financing opportunities for equipment and for commercial mortgages.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs