Small business owners (SBOs) report they are doing better than expected as the economy continues to gain steam amid the waning pandemic, according to the results of the 2021 Small Business Survey, released in May by TD Bank. The survey polled more than 750 small businesses nationwide with less than $5 million in annual revenue, from sole proprietors with home-based businesses to professional services and retail. It showed that 41% of SBOs expect to grow their revenue in 2021 while only 9% anticipate a decline. The numbers were even more optimistic for Greater Philadelphia's small businesses.
Want to learn more about economic outlook?
Join our newsletter
Sign up for the latest updates from TD Stories delivered to your inbox twice a week.