Small businesses not so confident about economic future - FOX 26 News | MyFoxHouston

Small businesses not so confident about economic future

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A new survey of US small businesses suggests there is growing pessimism about their economic future.      

The latest Wells Fargo Small Business Index was conducted just after the November election.  About 600 companies were polled nationwide, and it shows businesses worried about job losses, cash flow and their general financial situation.

In Houston, where the economy often performs better than other parts of the country, some businesses say they are feeling the uncertainty.

Houston navigation light manufacturer, Tideland Signal, is one of them.  

"In the last three months, I've done much more overseas travelling than I would normally.  We're trying to compensate for that uncertainty that we have in America to make sure we have the revenue coming in from other areas," Vice-president Clive Quickenden said.

The government defines small businesses as having fewer than 500 employees and up to $27 million in sales.  There are about 27,000 of those companies in the Houston-area.

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