◈RESULT OF MNBC BUSINESS SURVEY◈
FROM: NMBC MEMBERS
SUBJECT: IMPORTANT BUSINESS SURVEY
● QUESTION 1
In view of the current economic situation, we would like to know whether your business has benefited from the stimulus Bill by new contract or expanded financing to your business through your local bank?
ANSWER: YES: 1 (6%)
1, The billions for biotechnology research awarded for NIH did not go for small biotech-IT
2, Nothing in the bill helps manufacturing, financing is tough to find
3, In the mental arena and nothing a advantage of stimulus funds, though they are dealing
with suicidal clients daily who are situations due to lost job
● QUESTION 2
Based on recent business activity during the third quarter(July, August and September, 2009) has your business profitability in creased?
ANSWER: YES: 2 (12%)
1, Manufacturing has dried up, major corporations have no money
2, lost city contracts and competitive bids and finding the healthcare arena to stay a float
3, Business is dramatically down
Do you feel that your business` bottom line will improve in the first quarter of 2010?
ANSWER: YES: 6(36%)
NOT SURE : 3(18%)
1, Manufacturing is a an all time low
2, Yes but not because of the stimulus funds
3, Forecast no increases but staying about the same
We sent this survey to 300 NMBC members and 7% responded.
According to the answers most of the stimulus funds didn`t work in small business and most money floated into big company. Only 12% of the people said they had their business profitability increased during the third quarter (July, August and September, 2009). Most people said their businesses decreased and some people were worried about contracts which they lost, due to the recession. About 70% of the people think that their business’s bottom line will not improve in the first quarter of 2010.