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Dowouona: Business owners optimistic despite recession concerns

Mount Equity Group Tokyo Japan > News > Business > Dowouona: Business owners optimistic despite recession concerns

Amy Dowuona

While 67% of business owners are concerned a recession will impact their business over the next year, 77% say their business is equipped to survive a recession, according to the new Bank of America 2022 Women & Minority Business Owner Spotlight.

In Oklahoma City, low unemployment has been a factor in continued growth, and estimates expect job counts to exceed pre-pandemic levels soon. The business landscape in OKC is varied and diverse, and survey insights regarding women- and minority-owned businesses can offer a look at emerging trends for the local economy.

The recent survey covers several key demographics, including women, Black, and Hispanic-Latino business owners. Across the spectrum, 66% of business owners expect their revenue to increase in the next 12 months – a seven-year high – with minority-led companies leading non-minority counterparts in these positive projections. Hiring plans also reached…

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