economy

Confidence in national economy grows, survey says

COURTESY SOVEREIGN BANK/GREATER PROVIDENCE CHAMBER
CONFIDENCE in the economy appeared to be growing among the local business leaders who attended the annual economic outlook breakfast held by the Greater Providence Chamber of Commerce and Sovereign Bank.
Posted 3/6/12

PROVIDENCE – Confidence in the economy appeared to be slowly growing among the local business leaders who attended the annual economic outlook breakfast held by the Greater Providence Chamber of Commerce and Sovereign Bank.

There were more than 400 attendees at the event, which took place at The Westin Providence Tuesday morning.

After hearing from event organizers about trends and statistics in areas ranging from consumer confidence to hospitality, attendees participated in a survey about their perception of the economy.

Sixty-four percent of attendees felt the national economy would get either “somewhat better” or “much better” during 2012.

Locally, however, the improvement numbers were much more modest. Only 25 percent felt things would be in better shape, while 54 percent felt it would stay about the same.

“That’s a big shift from where we were a few years ago,” said Laurie White, president of the Greater Providence Chamber of Commerce. “People were really feeling fearful that things were not going to turn around for them so the fact that people feel the worst is over, that they are going to start spending again - and perhaps begin some modest hiring - is very, very positive.”

Additionally, survey participants were asked about other topics seen by the Chamber and Sovereign Bank as having a potentially large impact on the economy.

The survey respondents were greatly in favor of turning Twin River and Newport Grand into full-fledged casinos, and greatly opposed to a proposed 2-percent increase in the state’s meal and beverage tax.

They also felt it would be a bad idea for Providence to declare bankruptcy, but felt that the declaration would have little effect on decisions they made with their own business.

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement